Monthly Archives: July 2021

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SBA streamlines forgiveness process for most PPP loans

Category:Uncategorized

The SBA issued new guidance intended to speed up and simplify the forgiveness process for Paycheck Protection Program loans of $150,000 or less, which represent 93% of the outstanding loans in the $800 billion program.
Source: JOA News
Read More here – SBA streamlines forgiveness process for most PPP loans


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COSO provides guidance on application of ERM to cloud computing

Category:Uncategorized

New guidance from the Committee of Sponsoring Organizations of the Treadway Commission (COSO), provides a detailed road map for incorporating cloud computing into an organization’s enterprise risk management.
Source: JOA News
Read More here – COSO provides guidance on application of ERM to cloud computing


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COBRA premium assistance credit clarified further

Category:Uncategorized

The IRS has supplemented its guidance on COBRA premium payment assistance and the corresponding business tax credit under the American Rescue Plan Act.
Source: Tax News
Read More here – COBRA premium assistance credit clarified further


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COBRA premium assistance credit clarified further

Category:Uncategorized

The IRS has supplemented its guidance on COBRA premium payment assistance and the corresponding business tax credit under the American Rescue Plan Act.
Source: JOA News
Read More here – COBRA premium assistance credit clarified further


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Shuttered Venue Operator Grant awards top $7.5 billion, SBA says

Category:Uncategorized

The SBA has awarded more than $7.5 billion in Shuttered Venue Operator Grants to about 10,000 live entertainment venues and other eligible entities.
Source: JOA News
Read More here – Shuttered Venue Operator Grant awards top .5 billion, SBA says


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Why CPA firms need to know about restricted top-level web domains

Category:Uncategorized

New top-level web domains, such as .cpa, are one way for firms to modernize their digital front door. Here’s what you need to know about these new top-level domains (TLDs) and why you may want to consider using them.
Source: JOA News
Read More here – Why CPA firms need to know about restricted top-level web domains


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Ease staff’s fears about returning to the office

Category:Uncategorized

Firm leaders can address staff’s anxieties by discussing the rationale for returning to in-person work, communicating transparently about the safety measures they are taking, implementing employee feedback and, when possible, giving staff control over when they return.
Source: JOA News
Read More here – Ease staff’s fears about returning to the office


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Learning from Black CPA career role models

Category:Uncategorized

A century after John W. Cromwell Jr. became the nation’s first Black CPA, Black role models continue to open doors in the profession.
Source: JOA News
Read More here – Learning from Black CPA career role models


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Single audit rules clarified for Provider Relief Fund recipients

Category:Uncategorized

Over the last several weeks, HHS has established in its PRF FAQs that the reporting in the PRF Reporting Portal will be based on when PRF payments were received.
Source: JOA News
Read More here – Single audit rules clarified for Provider Relief Fund recipients


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IRS launches 'Tax Pro Account' feature

Category:Uncategorized

A new online portal automates the submission of powers of attorney and tax information authorizations, and there are plans to expand its functionality over time.
Source: Tax News
Read More here – IRS launches 'Tax Pro Account' feature