Download Printable Table Johnson Lambert LLP is dedicated to keeping you informed of changes adopted by the NAIC within the Statutory Accounting Principles (E) Working Group (SAPWG) that will impact your 2020 statutory basis financial statements and other significant NAIC

To stay updated on this topic, review the January 2021 COVID-19 article. Since the establishment of the Small Business Administration’s Paycheck Protection Program (PPP) earlier this year, there has been uncertainty regarding how the income and expenses related to these

After much anticipation, the Office of Management and Budget (OMB) issued the 2020 Compliance Supplement Addendum (the Supplement Addendum) on December 22, 2020; with an effective date the same as the August 2020 Compliance Supplement for audits of fiscal years

In September, the IRS surprised much of the tax exempt community with the release of a radical redesign of Form 990-T, Exempt Organization Business Income Tax Return for tax year 2020. The overhaul of the Form 990-T (the third update

President Donald Trump signed The Consolidated Appropriations Act, 2021 on Sunday, December 27, 2020. The Act provides a variety of new provisions and extends existing ones amid the ongoing COVID-19 pandemic. The bill also clarifies many aspects of the Small

In September, the IRS surprised much of the tax exempt community with the release of a radical redesign of Form 990-T, Exempt Organization Business Income Tax Return for tax year 2020. The overhaul of the Form 990-T (the third update