Monthly Archives: August 2021

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Shuttered Venue Operator Grant program enters supplemental phase

Category:Uncategorized

The SBA is sending out invitations for Shuttered Venue Operator Grant (SVOG) recipients to apply for supplemental funding from the $16.25 billion program.
Source: JOA News
Read More here – Shuttered Venue Operator Grant program enters supplemental phase


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AICPA recommends QBI improvements

Category:Uncategorized

The AICPA recommended in a letter to Senate tax-writing leaders eight ways to improve the deduction for qualified business income under Sec. 199A.
Source: Tax News
Read More here – AICPA recommends QBI improvements


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AICPA recommends QBI improvements

Category:Uncategorized

The AICPA recommended in a letter to Senate tax-writing leaders eight ways to improve the deduction for qualified business income under Sec. 199A.
Source: JOA News
Read More here – AICPA recommends QBI improvements


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FASB report describes investor outreach

Category:Uncategorized

FASB engaged in more than 430 investor interactions in the year ended June 30, 2021, according to a new report.
Source: JOA News
Read More here – FASB report describes investor outreach


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Staffing and COVID-19 relief programs are firms’ top concerns in 2021

Category:Uncategorized

Hiring qualified staff emerged as the No. 1 concern of firms employing six or more people in the 2021 AICPA Private Companies Practice Section CPA Firm Top Issues survey.
Source: JOA News
Read More here – Staffing and COVID-19 relief programs are firms’ top concerns in 2021


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PCAOB’s Jurata, Zietsman to resign as transition continues

Category:Uncategorized

Rebekah Goshorn Jurata and Megan Zietsman said that they plan to resign from the Public Company Accounting Oversight Board on Oct. 1 or the date of appointment of new board members, whichever comes first.
Source: JOA News
Read More here – PCAOB’s Jurata, Zietsman to resign as transition continues


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Interruption of LIFO inventories due to COVID-19 and Sec. 473 relief

Category:Uncategorized

Global supply chain problems caused by the COVID-19 pandemic have made it difficult for US companies to replace inventories, potentially subjecting them to additional taxable income. The AICPA has requested relief under Sec. 473.
Source: Tax News
Read More here – Interruption of LIFO inventories due to COVID-19 and Sec. 473 relief


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Interruption of LIFO inventories due to COVID-19 and Sec. 473 relief

Category:Uncategorized

Global supply chain problems caused by the COVID-19 pandemic have made it difficult for US companies to replace inventories, potentially subjecting them to additional taxable income. The AICPA has requested relief under Sec. 473.
Source: JOA News
Read More here – Interruption of LIFO inventories due to COVID-19 and Sec. 473 relief


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ESG assurance an elusive but promising opportunity for auditors

Category:Uncategorized

Although just 31 of the S&P 500 companies use public company auditors for environmental, social and governance assurance, increased regulation and investor focus may lead to more opportunities for practitioners in the future.
Source: JOA News
Read More here – ESG assurance an elusive but promising opportunity for auditors


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Driving DEI change in the states

Category:Uncategorized

State CPA society leaders are among those spearheading diversity, equity, and inclusion efforts in the profession. See what successful steps they and their organizations have taken to enhance the recruitment and advancement of Black CPAs.
Source: JOA News
Read More here – Driving DEI change in the states