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The Addition, ASCPA Weekly Digital Newsletter
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Megan Hughes
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FASB delays revenue recognition effective date for private companies
Coronavirus
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RP-2020-32: 2021 inflation adjustment for Health Savings Accounts
IRS Newsroom
Revenue Procedure 2020-32 provides the 2021 inflation adjusted amounts for Health Savings Accounts as determined under § 223…
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Here’s why some people’s Economic Impact Payment is different than expected
IRS Newsroom
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Week Nine: Final Day of the 2020 Session
Legislative Updates
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Announcement related to income tax treaty references to the NAFTA in light of its pending replacement by the USMCA
IRS Newsroom
Announcement 2020-06 provides the Treasury Department and IRS view on how to interpret references in U.S. income tax treaties…
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Employee retention credit available for businesses affected by COVID-19
Tax
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PPP loan forgiveness calculator available; AICPA continues to push for more guidance
Tax
The AICPA’s revised PPP Loan Forgiveness calculator is now available. (The link downloads the Excel spreadsheet…
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IRS adds phone operators to answer Economic Impact Payment questions
IRS Newsroom
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New credits fund employers for Coronavirus-related paid leave
IRS Newsroom
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