Monthly Archives: November 2021

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AICPA, NASBA publish revised CPA Evolution Model Curriculum

Category:Uncategorized

In response to feedback, the AICPA and the National Association of State Boards of Accountancy on Friday updated the curriculum resource that was launched in June to help faculty align their programs with the new Core + Disciplines licensure model created by the CPA Evolution initiative.
Source: JOA News
Read More here – AICPA, NASBA publish revised CPA Evolution Model Curriculum


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Tax provisions in the Build Back Better act

Category:Uncategorized

The Build Back Better Act contains a large number of tax provisions, ranging from an extension of the advance child tax credit, to a wide variety of green energy tax incentives, and a minimum tax on corporations.
Source: Tax News
Read More here – Tax provisions in the Build Back Better act


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Tax provisions in the Build Back Better act

Category:Uncategorized

The Build Back Better Act contains a large number of tax provisions, ranging from an extension of the advance child tax credit, to a wide variety of green energy tax incentives, and a minimum tax on corporations.
Source: JOA News
Read More here – Tax provisions in the Build Back Better act


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House passes Build Back Better Act with universal paid leave

Category:Uncategorized

The US House of Representatives passed a nearly $2 trillion spending bill Friday that includes a number of provisions of note for CPAs.
Source: JOA News
Read More here – House passes Build Back Better Act with universal paid leave


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Diving deeper into smaller frauds due to COVID-19

Category:Uncategorized

The coronavirus pandemic has created special challenges for practitioners to consider related to fraud. In the current environment, smaller instances of fraud, many times immaterial to an audit, are now becoming significant and need additional attention.
Source: JOA News
Read More here – Diving deeper into smaller frauds due to COVID-19


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Apprenticeship: A new route to CGMA

Category:Uncategorized

A new program will create an on-the-job training path to a Chartered Global Management Accounting credential for aspiring accounting professionals.
Source: JOA News
Read More here – Apprenticeship: A new route to CGMA


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Further guidance issued on tax treatment of PPP loan forgiveness

Category:Uncategorized

Forgiveness amounts are excluded from gross income but included in gross receipts for purposes including determining “small business taxpayer” status under Sec. 448(c).
Source: Tax News
Read More here – Further guidance issued on tax treatment of PPP loan forgiveness


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Further guidance issued on tax treatment of PPP loan forgiveness

Category:Uncategorized

Forgiveness amounts are excluded from gross income but included in gross receipts for purposes including determining “small business taxpayer” status under Sec. 448(c).
Source: JOA News
Read More here – Further guidance issued on tax treatment of PPP loan forgiveness


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What it takes to become a top-performing CAS practice

Category:Uncategorized

Top-performing client advisory services practices are more likely to follow certain best practices, the CPA.com and AICPA PCPS CAS Benchmark Survey found.
Source: JOA News
Read More here – What it takes to become a top-performing CAS practice


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New user verification for IRS online accounts to be required by mid-2022

Category:Uncategorized

Tax professionals and taxpayers will have to create an account with a third-party provider ID.me, which requires uploading an image of a government-issued ID and a selfie, in order to access certain IRS online tools and portals.
Source: Tax News
Read More here – New user verification for IRS online accounts to be required by mid-2022