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.
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The articles for this week developments can be downloaded in the PDF below: