Author Archives: admin

  • 0

GASB clarifies majority equity interest reporting rules

Clarifying guidance issued by GASB explains that state and local governments are required to consider the definition of an acquisition in their accounting for majority equity interest in an organization.
Source: JOA News
Read More here – GASB clarifies majority equity interest reporting rules


  • 0

FASB simplifies accounting for cloud computing service costs

FASB issued new rules that are designed to reduce complexity for the accounting for costs of implementing a cloud computing service arrangement.
Source: JOA News
Read More here – FASB simplifies accounting for cloud computing service costs


  • 0

12 US cities where accountants draw higher pay

Two new salary guides show higher pay benchmarks for accountants in several locations in California and the Northeast.
Source: JOA News
Read More here – 12 US cities where accountants draw higher pay


  • 0

Deemed personal exemption amount introduced for various tax benefits

The IRS issued guidance on how it intends to interpret the exemption amount in tax years 2018 through 2025 in determining who is a qualifying relative for purposes of the various Code provisions that refer to the definition of a dependent in Sec. 152.
Source: Tax News
Read More here – Deemed personal exemption amount introduced for various tax benefits


  • 0

Deemed personal exemption amount introduced for various tax benefits

The IRS issued guidance on how it intends to interpret the exemption amount in tax years 2018 through 2025 in determining who is a qualifying relative for purposes of the various Code provisions that refer to the definition of a dependent in Sec. 152.
Source: JOA News
Read More here – Deemed personal exemption amount introduced for various tax benefits


  • 0

FASB takes big steps on disclosure effectiveness

FASB’s ongoing efforts to improve the effectiveness of disclosures in the notes to financial statements led to multiple changes announced by the board.
Source: JOA News
Read More here – FASB takes big steps on disclosure effectiveness


  • 0

Updated guidance highlights key changes in the auditor’s report

The PCAOB has issued updated staff guidance to assist practitioners as they implement the board’s new auditor’s reporting model.
Source: JOA News
Read More here – Updated guidance highlights key changes in the auditor’s report


  • 0

Technology issues to consider in lease accounting

Preparers may want to consider technological tools that can help with the accounting and the administration of leases.
Source: JOA News
Read More here – Technology issues to consider in lease accounting


  • 0

Proposed rules would curb avoidance of SALT deduction limit

Here is what practitioners need to know about the IRS’s proposed rules that would curb the deductibility of charitable contributions that qualify for state and local tax credits.
Source: Tax News
Read More here – Proposed rules would curb avoidance of SALT deduction limit


  • 0

Proposed rules would curb avoidance of SALT deduction limit

Here is what practitioners need to know about the IRS’s proposed rules that would curb the deductibility of charitable contributions that qualify for state and local tax credits.
Source: JOA News
Read More here – Proposed rules would curb avoidance of SALT deduction limit