Accounting

April 20, 2020 

The effective dates of the SASs were for audits of private company financial statements for periods ending on or after December 15, 2020. The deferral means that effective dates now apply for periods ending on or after December 15, 2021.

April 20, 2020 

Their $1,200 payments will be issued soon and, in order to add the $500 per eligible child amount to these payments, the IRS needs the dependent information before the payments are issued. Otherwise, their payment at this time will be $1,200 and, by law,

April 20, 2020 

The American Institute of CPAs (AICPA) has submitted seven recommendations to the Department of the Treasury and the Internal Revenue Service (IRS) calling for much needed clarity and guidance in how small businesses should apply certain employee ...

April 20, 2020 

The new Coronavirus Aid, Relief, and Economic Security (CARES) Act provides some much-needed relief for businesses hindered by a cap on business interest deductions. Icing on the cake: The tax changes are retroactive to 2019.

April 20, 2020 

The new sales tax obligation applies to marketplace facilitators with a physical presence in Georgia, and those with at least $100,000 in direct and indirect sales into the state. Georgia defines a “marketplace facilitator” as a person that ...

April 20, 2020 

The American Institute of CPAs (AICPA) is thanking Senator Doug Jones (D-AL) and Senator Chris Van Hollen (D-MD) for their letter encouraging the Department of the Treasury and the Small Business Administration (SBA) to strengthen Paycheck Protection Plan (PPP) guidance for lenders. AICPA supports efforts such as these that will help small businesses more easily...…

April 20, 2020 

In a continued effort to slow the spread of COVID-19, local and state governments have issued orders for nonessential businesses and establishments to close their doors. These orders, combined with the lack of consumers making their way into ...

April 20, 2020 

In addition to a number of key data points, case studies and findings, The Next Decade of Alternative Investments includes CAIA Association’s four-point call to action, which exhorts the larger industry, including allocators, managers, regulators, and ...

April 20, 2020 

The Elijah Watt Sells Award program was established by the AICPA in 1923 to recognize outstanding performance on the CPA Exam. Sells, one of the first CPAs in the U.S., was active in the establishment of the AICPA and played a key role advancing ...

April 20, 2020 

With more than 30 million small businesses serving as the backbone of the American economy, it’s critical for owners to make financial viability a top priority so they can get back to business as usual. Everyone has been affected by the coronavirus ...

April 20, 2020 

On April 16, the Securities and Exchange Commission announced a whistleblower award of $27 million given to an individual who reported misconduct overseas. The whistleblower also provided critical investigative leads that advanced the investigation ...

April 19, 2020 

The MACPA has joined forces with the Maryland Chamber of Commerce, the Maryland Bankers Association, and a number of other business-centric organizations to urge congressional leaders to provide additional funding to the Small Business Administration’s...