NEWSLETTERS
March 2020
This month: March 16 Due date for partnership and S corporation tax returns (Forms 1065, 1120S) The IRS Data [...]
February 2020
The 2019 tax filing season is in full swing. If you have not already done so, now is the [...]
January 2020
This month: January 15 - 4th Quarter Estimated Payments Due Start tax planning for the new year - Adjust [...]
- SBA issues details for Paycheck Protection Program loans April 6, 2020The US Small Business Administration has released an interim final rule providing additional guidance and requirements for the program. The final rule includes a number of changes, including a doubling of the loans’ interest rate from 0.5% to 1%.
- AICPA-led coalition supports gross pay approach as calculation standard for PPP loans April 5, 2020An AICPA-led small business funding coalition, in conjunction with the National Payroll Reporting Consortium, issued a statement supporting the use of gross payroll based on 2019 data in calculations for Paycheck Protection Program pandemic relief loans.
- CPAs support business owners during COVID-19 crisis April 3, 2020Accountants weigh in on what their business-owner clients are going through and how they’re providing a reassuring voice and pragmatic advice during a challenging time.
- Financial institutions using CARES Act deferrals won’t violate GAAP, SEC says April 3, 2020Companies that elect to defer or suspend FASB rules for credit losses or troubled debt restructurings in accordance with the CARES Act will not be found in violation of GAAP.
- Going concern tips for auditors during the pandemic April 3, 2020The going concern basis of accounting is likely to be used more frequently as a result of the coronavirus pandemic. Here is what auditors need to know as they fulfill their duties related to going concern.
NEWSLETTERS
March 2020
This month: March 16 Due date for partnership and S corporation tax returns (Forms 1065, 1120S) The IRS Data [...]
February 2020
The 2019 tax filing season is in full swing. If you have not already done so, now is the [...]
January 2020
This month: January 15 - 4th Quarter Estimated Payments Due Start tax planning for the new year - Adjust [...]
- SBA issues details for Paycheck Protection Program loans April 6, 2020The US Small Business Administration has released an interim final rule providing additional guidance and requirements for the program. The final rule includes a number of changes, including a doubling of the loans’ interest rate from 0.5% to 1%.
- AICPA-led coalition supports gross pay approach as calculation standard for PPP loans April 5, 2020An AICPA-led small business funding coalition, in conjunction with the National Payroll Reporting Consortium, issued a statement supporting the use of gross payroll based on 2019 data in calculations for Paycheck Protection Program pandemic relief loans.
- CPAs support business owners during COVID-19 crisis April 3, 2020Accountants weigh in on what their business-owner clients are going through and how they’re providing a reassuring voice and pragmatic advice during a challenging time.
- Financial institutions using CARES Act deferrals won’t violate GAAP, SEC says April 3, 2020Companies that elect to defer or suspend FASB rules for credit losses or troubled debt restructurings in accordance with the CARES Act will not be found in violation of GAAP.
- Going concern tips for auditors during the pandemic April 3, 2020The going concern basis of accounting is likely to be used more frequently as a result of the coronavirus pandemic. Here is what auditors need to know as they fulfill their duties related to going concern.
Will my refund be larger this year?
With many new tax laws coming into effect for the first time, many people are asking the same question: Will my refund be larger this year? The [...]
Understanding the New Pass-through Tax Deduction
Of the many modifications in effect for the 2018 tax year, perhaps the most exciting change is the new Pass-through Tax Deduction. The deduction has many other [...]
Real Estate – The Tax Advantaged Investment
You may have heard, or read, something similar to: “If you don’t want to pay taxes, invest in real estate.” While this is not entirely accurate, real [...]