If you are among the millions who received unemployment income for the first time in 2020, you are in for a necessary and early tax planning. If you are not aware of it yet, Unemployment Compensation is taxable, unfortunately. Unless you repaid the whole amount you receive, all of the unemployment compensations you received are… Continue reading You received Unemployment, now what?
Due to the COVID-19 pandemic, the Financial Accounting Standard Board deferred the effective date of the new lease accounting standard, ASC 842. For private companies, including not-for-profit private companies, the effective date is fiscal years beginning December 15, 2021, and interim periods beginning after December 15, 2022. The effective date for calendar year private companies… Continue reading Financial Accounting Standard Board new lease accounting standard
The original PPP which had $525 billion in forgivable loans ended/closed in August 2020 has been resuscitated. The new, second round of the Paycheck Protection Program (PPP), was signed into law on December 27, 2020. As part of the 900 billion COVID-19 relief bill, the PPP 2 will have $284.5 billion available. Some $35 billion… Continue reading Paycheck Protection Program (PPP)
If there is one thing I learned from the unprecedented 2020, it’s taking a break from the daily bustle and hustle of work. As an accounting professional, the first quarter of the year is unarguably the busiest and most stressful time of the year for us. From the recurring daily, weekly, and monthly schedules to… Continue reading Why it is a must to take a break and what are ways to lighten up.
To create and manage your own content, open the Blog Manager by hovering over your blog feed and clicking Manage. Here you can create, edit and delete posts
To create and manage your own content, open the Blog Manager by hovering over your blog feed and clicking Manage. Here you can create, edit and delete posts
To create and manage your own content, open the Blog Manager by hovering over your blog feed and clicking Manage. Here you can create, edit and delete posts and manage categories. You can also update your post settings and SEO, duplicate or draft posts, turn off commenting, or delete a post altogether by clicking Edit on each blog post.
Just write down some details and we will get back to you in a jiffy!
