2020-07-13 BBA Audit Flowchart
This week we look at:
W2s will report FFCRA sick and FMLA pay to each employee
Congress extends PPP loan program through August 8, 2020
FAQ looks at the tax implications of receiving a CARES Provider Relief Payments
Depreciation limits for vehicles for 2020 released by the IRS
§265(a)(1) does not bar deduction under UBIT rules for a charity
Flowchart for BBA CPAR audit regime published by the IRS
An audio only version of this week’s broadcast can be streamed or downloaded below.
The articles for this week developments can be downloaded in the PDF below: