Accounting
The CARES Act Charitable Deduction For Non-Itemizers Was A Lost Opportunity To Help Beneficiaries Of Non-Profits
According to the Joint Committee on Taxation, Congress spent about $1.5 billion in the Coronavirus Aid, Relief, and Economic Security (CARES) Act to create a…
Read MoreAmex offers Invoiced to merchant customers at 40 percent discount
The provision gives customers much-needed access to easier ways to receive payment from clients during a time when many businesses are experiencing interruption due to the coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/news/amex-offers-invoiced-to-merchant-customers-at-40-percent-discount
Read MoreCrowe creates PPP loan forgiveness management solution for lenders
Crowe has joined the growing number of firms offering solutions to aid in Paycheck Protection Program participation. Original Article Posted at : https://www.accountingtoday.com/news/crowe-creates-ppp-loan-forgiveness-management-solution-for-lenders
Read MoreOptions for Improving the Tax Treatment of Structures
Key Findings Removing tax policy barriers can help businesses and individuals invest, work, create jobs, and lift the economy during a post-pandemic recovery without requiring lawmakers to create new spending programs. One of the most cost-efficient options available to lawmakers is to improve the cost recovery treatment of structures. Residential structures must be depreciated over…
Read MoreIRS adding 3,500 phone reps to answer coronavirus stimulus payment calls
The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments. Original Article Posted at : https://www.accountingtoday.com/news/irs-adding-3-500-phone-reps-to-answer-coronavirus-stimulus-payment-calls
Read MoreCongress should leave accounting standards to FASB
Members of the American Accounting Association’s Financial Reporting Policy Committee denounce provisions in the CARES Act they see as threatening FASB’s independence and setting a dangerous precedent with serious potential to undermine confidence in corporate financial reporting. Original Article Posted at : https://www.accountingtoday.com/opinion/congress-should-leave-accounting-standards-to-fasb
Read MoreAccountants can help companies set strategy to deal with coronavirus
Management accountants and CFOs can play an important role in guiding companies through the strategic options available to cope with the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/accountants-can-help-companies-set-strategy-to-deal-with-coronavirus
Read MoreArt of Accounting: Small firms were the first, but are they now the last?
Many will reconfigure what they do to the new reality and will make some investments in updating and formalizing some of their Band-Aid processes. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-small-firms-were-the-first-but-are-they-now-the-last
Read MoreProtecting businesses from fraud
Grant Thornton CEO Brad Preber and principal Linda Miller, who leads the firm’s fraud and financial crimes practice, offer strategies to help businesses protect themselves from fraud amid the pandemic environment. Original Article Posted at : https://www.accountingtoday.com/podcast/protecting-businesses-from-fraud
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