With the uncertainties surrounding the COVID-19 pandemic, the Financial Accounting Standards Board (FASB) has received several questions from stakeholders about the application of Topics...
Continue ReadingWith the uncertainties surrounding the COVID-19 pandemic, the Financial Accounting Standards Board (FASB) has received several questions from stakeholders about the application of Topics...
Continue ReadingWhether you are a Plan Administrator or a participant in a retirement plan it is important to understand these benefits. Section 2103, Special Rules for Use of Retirement Funds of the...
Continue ReadingAction expands previous action to cover individuals, trusts, estates, corporations and others To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today...
Continue ReadingThe standard would be effective for fiscal years beginning after December 15, 2021. On April 8, 2020, the FASB issued a proposal to defer the effective date for ASU 2016-02, Leases, and...
Continue ReadingCOVID-19 is presenting challenges for many companies. To address these challenges, many regulators/agencies have issued orders, releases and statements which allow, subject to certain...
Continue ReadingNew York has extended the April 15 due date to July 15, 2020, for personal income tax and corporation tax returns originally due April 15, 2020, due to the coronavirus pandemic. The...
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