Read About - October 2021 Audit & Assurance NewsletterOctober 6, 2021
FASB alters accounting for certain leases with variable lease payments FASB recently issued a standard that is designed to improve the board’s lease accounting rules related to a lessor’s accounting for certain leases with variable lease payments. read more Journal of Accountancy FASB proposal addresses fair value and equity security…
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Read About - Increase in EIDL Loan AvailabilityOctober 5, 2021
The Small Business Association (SBA) has increased availability of EIDL Loans from $500k to $2M and streamlined the process. Applications are now open and funding will begin October 8, 2021
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Read About - Tax Planning Services for High-Earning Executives: How to Avoid Surprises Next Year
Read About - 2021-22 IRS Per Diem Travel Expenses Updated
Read About - 5 Business Succession Planning Tips to Transfer OwnershipOctober 1, 2021
Business succession planning involves making decisions about who will take over your business in the event of your death, disability, or retirement
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Read About - Update! New Pass-Through Entity Tax InformationSeptember 30, 2021
Assembly Bill 150 (AB 150), signed by California Governor Gavin Newsom on July 16, 2021, permits a qualifying entity to make an annual pass-through entity (PTE) tax election for tax years starting on or after January 1, 2021, but ending before January 1, 2026
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Read About - 2020 Plan Year DOL Audit Quality AssessmentSeptember 27, 2021
The DOL Employee Benefits Security Administration (EBSA) Office of the Chief Accountant (OCA) is preparing to conduct a quality assessment to analyze the audit work performed by independent qualified public accountants (IQPAs or auditors)
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Read About - Important Calendar Year Retirement Plan Deadlines
Read About - How the Biden Tax Plan Could Impact the WealthySeptember 17, 2021
President Joe Biden has proposed raising taxes on wealthy Americans earning over $400,000 per year to fund childcare, education, paid leave, and other reforms
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Read About - Is It Better to Pay Off Mortgage or Invest?September 17, 2021
If you are a homeowner with a mortgage, you might consider paying it off early if you can afford it
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Read About - 7 Ways Biden Administration Changes Could Indirectly Impact NonprofitsSeptember 15, 2021
This article represents Windes’ analysis of the Biden Administration’s tax proposals provided in the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals” document prepared by the Department of the Treasury (Treasury), released on May 28, 2021
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Read About - Automated Outsourced Accounting Work Increases Your Company’s ValueSeptember 13, 2021
Outsourced accounting work entails outsourcing finance and accounting functions to third-party experts
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