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Hurricane Isaias Update (10.9.26)
As Hurricane Isaias approaches Alabama and the Gulf Coast, we recognize the challenges this storm may present, particularly…
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The Addition, ASCPA Weekly Digital Newsletter
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Megan Hughes
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79 Days Left to Apply for an Absentee Ballot
Government
Ahead of the July 14 Primary Runoff Election, Alabama Secretary of State John Merrill encourages those who are concerned…
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Treasury, IRS announce cross-border tax guidance related to travel disruptions arising from the COVID-19 emergency
IRS Newsroom
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Special alert for benefit recipients who don't file a tax return and have dependents
IRS Newsroom
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FASB votes lease standard delayed again for privately held businesses
Coronavirus
The Financial Accounting Standards Board decided to amend the effective date of Topic 842 for private companies and private…
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Bonus depreciation elections
IRS Newsroom
Revenue Procedure 2020-25 provides guidance allowing a taxpayer to change its depreciation under section 168 for certain…
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Special rules applicable to credit against income tax for foreign taxes
IRS Newsroom
Revenue Ruling 2020-08 suspends Rev. Rul. 71-533 pending reconsideration of whether the ten-year limitations period provided…
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GASB Proposes to Postpone Effective Dates of Certain Pronouncements
Government
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Treasury, IRS unveil online application to help with Economic Impact Payments
IRS Newsroom
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Update on Economic Injury Disaster Loan Advance - $1,000 per employee
Coronavirus
On March 29, 2020, following the passage of the CARES Act, the SBA provided small business owners and non-profits impacted by…
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