Articles
- COVID19 News Update Regarding CPA Exam Testing, NTS Extensions and Credit Extensions.
Prometric has notified NASBA they will be closing all testing centers in the US and Canada until April 17, 2020. This morning the Georgia State Board of Accountancy agreed with NASBA and are implementing the following changes: Notice to Schedule... read more
- Individual Income-Net Operating Loss FAQ’S
In 2016, the Georgia Department of Revenue began requiring a signed Form 500-NOL be filed separately from the return to establish a net operating loss by individual taxpayers and fiduciaries. Form 500-NOL has historically been used as a way for... read more
- The Proliferation of Ransomware and What You Can Do About It
One of the most – if not THE most – significant issues in information security during 2019 was the proliferation of ransomware. Unfortunately, this trend is likely to continue in 2020. Therefore, let us examine some ransomware... read more
- Cybersecurity and Compliance Risks Open New Opportunities for CPAs Through SOC Examinations
CPA firms have long been a source of credibility and trust for their clients, investors, and creditors. Most CPAs think of themselves as trusted business advisors providing traditional tax, accounting, and audit services. But our clients need... read more
- New Forms, New Questions, New Instructions, More Work
Practitioners must be aware that 2018 was an easy year since the IRS was late with information or did not issue guidance regarding key issues from the 2017 Tax Cut and Jobs Act (TCJA) before the filing deadlines. For example, there was no form... read more
- Cryptocurrency Donations: What Nonprofits Need to Know
Only a few hundred nonprofit organizations, estimates say, are set up to accept Bitcoin and other digital assets. Now is the time for organizations to decide whether, and how, they’ll start accepting such donations. In 2018, a group called... read more
- DOL Updates Overtime Exemption Rules
Starting January 2020, the U.S. Department of Labor (the “DOL”) will begin enforcing updated regulations to the Fair Labor Standards Act (“FLSA”). Under the FLSA, an employee is entitled to overtime when he or she works... read more
- I-9s, Expired Forms and Fines, Document Retention and Best Practices
Immigration enforcement activities against employers have increased significantly under the Trump Administration. This activity is consistent with the Administration’s Buy American and Hire American executive order, which seeks to protect... read more
- New AICPA Standards for Forensic Services: What You Need to Know
The Forensic and Valuation Services Executive Committee of the AICPA has released the long-awaited Statement on Standards for Forensic Services No. 1 (“SSFS 1”), which is effective for engagements accepted on or after January 1, 2020,... read more
- Five Ways to Practice Financial Self-Care (and Find More Bliss in Your Budget
Magazines tout bubble baths, pedicures, face masks and massages as the keys to a more centered and balanced self. However, true self-care often entails taking care of the aspects of our lives that we tend to ignore or avoid - finances included.... read more
