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August 10, 2020
Congress will soon be returning from their July recess and then they’ll have a short period before their August recess. They will be taking a hard look at the next round of legislation to help with the impact of COVID-19.
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August 6, 2020
On June 2, 2020, Governor Bill Lee announced the use of federal Coronavirus Relief Funds to assist Tennessee small businesses impacted by the COVID-19 crisis.
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July 27, 2020
The NASBA Board of Directors has announced its unanimous vote of support for the advancement of the CPA Evolution initiative, a joint initiative between NASBA and the AICPA, to design and implement a new approach to CPA licensure.
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July 21, 2020
The Department of the Treasury and IRS recently issued a final regulation addressing the treatment of income earned by certain foreign corporations that is subject to a high rate of foreign tax.
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July 16, 2020
The AICPA Peer Review Board has granted CPA firms with original due dates between Jan. 1 and Sept. 30 a six-month peer review deadline delay option to provide them with relief during the coronavirus pandemic.
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July 15, 2020
The IRS has recently announced that due to the COVID-19 pandemic it will provide additional relief to hospital organizations that must meet the Community Health Needs Assessments requirements.
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July 6, 2020
The Treasury Department and IRS recently issued proposed regulations and temporary regulations that provide guidance for consolidated groups regarding net operating losses.
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July 6, 2020
The application window for the Paycheck Protection Program has been officially extended to Aug. 8 as the extension has been signed into law by President Trump.
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July 2, 2020
The IRS has announced that it will pay interest on delayed tax refunds due to this year’s tax deadline extension.
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July 1, 2020
The Tennessee General Assembly has announced it has approved two separate sales tax holiday weekends for the year 2020 only.
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