Item for Wednesday, October 18, 2023 Further Tax Relief for California Storm Victims: The IRS has announced further tax relief for individuals and businesses in 55 California counties impacted by severe winter storms, flooding, landslides, and mudslides over a period of several months. The IRS had previously postponed tax deadlines for qualifying taxpayers until 10/16/23. Affected …
The PCAOB recently released inspection findings for 2022 which reflected a dramatic increase in audit deficiencies. The PCAOB has called the findings as “unacceptable” and indicated that firms have to make changes to improve audit quality. The report, Staff Update and Preview of 2022 Inspection Observations, provides detailed information on common deficiencies, observations related to quality …
PCAOB Notes Rising Deficiency Rates in Audits, Including Broker-Dealers Read More »
Background The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) (Assistance Listing No. 21.027), which the U.S. Department of the Treasury (Treasury) administers, was part of the American Rescue Plan Act that delivered $350 billion to state, local, and tribal governments to help respond to and recover from the COVID-19 pandemic. Many recipients, including small …
The following podcast may be of interest to the nonprofit sector. The Uncharted Ground with SSIR Podcast Accessible at https://ssir.org/podcasts, the Uncharted Ground with SSIR podcast tells the stories of nonprofit and social entrepreneurs at the forefront of global development. This production of the Stanford Social Innovation Review takes you on their journeys to solve some of the …
By Payroll Update Staff The IRS released the final versions of the following 2023 Affordable Care Act (ACA) forms: (1) Form 1094-B, Transmittal of Health Coverage Information Returns; (2) Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns; (3) Form 1095-BForm 1095-B, Health Coverage; and (4) Form 1095-C, Employer-Provided Health Insurance Offer and Coverage. The forms do not contain substantive …
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