Most respondents to the 2020 Schroders Global Investor Survey are aware Social Security alone is not enough to meet financial needs, and 70% of respondents are saving at least 10% of annual income for retirement. The survey also shows half of respondents added high-risk investments during volatility in February and March.
The Internal Revenue Service has issued final regulations that define real property for like-kind exchange purposes and what qualifies as incidental personal property that does not disqualify an exchange.
Stakeholders worldwide are demanding more transparency and greater attention to environmental, social and governance matters from organizations. The Association of International Certified Professional Accountants is committed to providing education and resources to support and grow companies' and CPA firms' sustainability reporting and assurance efforts in this increasingly important area. See some of what's available and what's to come.
While meeting challenges presented by the coronavirus pandemic, finance leaders are discovering strategies that make organizations agile and digitally competent long into the future.
Many experts think the pandemic-accelerated work-from-home trend is here to stay. These strategies help organizations and employees succeed in a remote environment.
The AICPA is asking members to write to senators and representatives in Congress in support of legislation that would mandate that anyone who receives a loan through the Paycheck Protection Program can deduct business expenses even when payment of those expenses results in loan forgiveness under the Coronavirus Aid, Relief and Economic Security Act, contrary to Internal Revenue Service guidance denying deductibility.
The Internal Revenue Service has issued final rules on the Sec. 245A extraordinary disposition rule and Sec. 951A disqualified basis and disqualified payment rules, as well as reporting requirements to facilitate the rules.
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