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GASB Considers Postponing Effective Dates
In response to the coronavirus pandemic, GASB is considering postponing all statement and implementation guide provisions with an effective date that begins on or after reporting periods beginning after June 15, 2018.
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Treasury Dept. announces 90-day delay in tax payment deadline
In a press conference on Tuesday, Treasury Secretary Steven Mnuchin announced that individuals and corporations can delay their tax payments for 90 days due to the coronavirus pandemic. Individuals can defer up to $1 million in payments for 90 days from the April 15 deadline. Corporations can defer up to $10 million in payments for 90 days. During that time, the IRS will not charge interest or penalties.
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5 Tips for Implementing the Leases Accounting Standard
The delay of the new leases standard doesn't mean you should sit back and wait. Learn what to do to get ready in the meantime.