Challenges, opportunities await energy sector after pandemic disruption
Energy producers are focusing on balance sheet strength and free cash flow as they recover from a severe blow dealt…
Low demand leads to shrinking energy industry valuations
The coronavirus pandemic and other factors have resulted in shrinking valuations in the energy industry, according to experts at the…
AICPA urges SBA and OMB to reconsider PPP Loan Necessity Questionnaires
An AICPA letter suggests that the need for certain borrowers to complete a new form and provide extensive documentation supporting…
Like-kind exchange rules define real property, incidental personal property
The IRS issued final regulations that define real property for like-kind exchange purposes and what qualifies as incidental personal property…
How to be thankful – even in 2020
For me, Thanksgiving has historically been an endurance sport. I’ve repeatedly proven to myself that if I can only survive…
AICPA mobilizes members to push for deductibility of PPP-funded expenses
The AICPA is asking its members to write to their senators and representatives in Congress in support of legislation that…
Final rules coordinate Sec. 245A and Sec. 951A
The IRS issued final rules on the Sec. 245A extraordinary disposition rule and the Sec. 951A disqualified basis and disqualified…
Centralized partnership audit regime changes proposed
The IRS issued rules on two special enforcement matters for purposes of the unified partnership audit rules.
CPA Exam gets refresh after practice analysis
Understanding of business processes and data analytics will receive greater focus while other topics will be de-emphasized on the CPA…
Final regs. govern computation of UBTI for separate businesses
The IRS has posted final regulations governing how tax-exempt organizations determine if they have more than one unrelated trade or…