Tennessee Business Relief Program
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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All Featured (158) For the Public (138) Business & Industry News (3) Chapter News (1) Legislative News (7) Regulatory News (38) Tax News (78) Young CPAs (3) Accounting & Auditing (1)Showing : 1–10 of 165
SBA Releases New PPP Loan Forgiveness FAQs
The U.S. Small Business Administration, in consultation with the Treasury Department, recently released a new FAQs document addressing Paycheck Protection Program loan forgiveness.
View MoreGovernor Lee Calls Special Session for Tennessee General Assembly
Tennessee Governor Bill Lee has called for the Tennessee General Assembly to convene on Monday, Aug. 10 for a special session to address COVID-19 liability protections, telehealth services and laws governing the Capitol grounds.
View MoreNASBA Approves New CPA Licensure Model
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.
View MoreTreasury, IRS Issue Final and Proposed Regulations on Income Subject to a High Rate of Foreign Tax
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.
View MoreYour Peer Review Has Been Extended - Now What?
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.
View MoreIRS Provides Additional COVID-19 Relief for Tax-Exempt Hospitals
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.
View MoreTax Filing Extensions for TN Tornado Victims Issued by TN Dept of Rev
The Tennessee Department of Revenue recently issued Notice #20-22, postponing the franchise and excise tax and Hall income tax filing and payment deadlines to Oct. 15, 2020 for taxpayers located in Bradley or Hamilton County. This is consistent with the IRS’s decision to extend federal deadlines for individuals and business located in these counties.
View MoreTreasury Department and IRS Issue Guidance for Consolidated Groups Regarding Net Operating Losses
The Treasury Department and IRS recently issued proposed regulations and temporary regulations that provide guidance for consolidated groups regarding net operating losses.
View MorePPP Application Window Extended to Aug. 8
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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