Yearly Archives: 2021

The past year has provided numerous examples of CPAs providing critical assistance to their clients, both from an attest and non-attest perspective.  From assisting with Paycheck Protection Program (PPP) loan applications to helping with new accounting standard assessment and even staff augmentation services, CPAs have repeatedly gone above and beyond for their clients. However, when […]

If you will be preparing 2020 partnership returns, we have the course for you. By now, you have probably heard partnerships filing Form 1065 for tax year 2020 are to calculate partner capital accounts using the transactional approach for the tax basis method. Partnerships report partner contributions and share of net income or loss, withdrawals […]