FASB proposes guidance on accounting for debt exchanges
Category:Tax NewsFASB published a proposed Accounting Standards Update on debt exchange transactions involving multiple creditors.
CPA Never under estimate the value
Category Archives: Tax News
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May 25
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Apr 25
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Pipeline update: Perceptions of accounting brighten among students
Category:Tax NewsSurvey shows that students’ positivity toward accounting as a career choice is on the rise. In the pursuit of talent, that presents an opportunity for the profession tied to successfully connecting with future professionals in multiple ways.
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Apr 25
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CFOs express negative economic sentiment
Category:Tax NewsAlmost three-fourths of CFOs have a negative view of the current economy and its impact on their organization, according to a survey of emerging and midmarket finance leaders.
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Apr 25
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AICPA comments on proposed regs. on new transfer-pricing method
Category:Tax NewsThe comments are in response to Notice 2025-04, which announced plans for the simplified and streamlined approach as a new transfer-pricing method under Sec. 482 regulations for pricing of baseline marketing and distribution activities.
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Apr 25
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AICPA monitoring proposed changes to public company auditing oversight
Category:Tax NewsChanges have been proposed by the House Financial Services Committee related to PCAOB inspection and enforcement activities involving firms that audit public companies. In a statement, the AICPA said it believes that healthy oversight of accounting firms performing audits of public companies “protects the public interest.”
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Apr 25
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Mortal fears about retirement: Americans need more time, money
Category:Tax NewsA majority of survey respondents worry more about running out of money than death, but less than one-fourth have talked to a financial professional about their fears.
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Apr 25
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3 tips for handling financial stress in volatile times
Category:Tax NewsWith uncertainty and caution about money common, it’s important to have a firm grasp on spending habits and other aspects of personal finance. A survey shed light on the mood, and the AICPA offered advice for managing financial stress as part of National Financial Literacy Month.
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Apr 25
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Baker Tilly, Moss Adams merge to create 6th-largest US CPA firm
Category:Tax NewsThe deal, which includes private-equity investments, is expected to close in June. The Baker Tilly CEO will serve as leader of the combined firm until his retirement at the end of the year.
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Apr 25
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Faulkender named fourth acting IRS commissioner this year
Category:Tax NewsTreasury Secretary Scott Bessent said Michael Faulkender, who was confirmed as deputy Treasury secretary at the end of March, will step in to lead the IRS temporarily.
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Apr 25
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Basis-shifting transaction-of-interest regulations to be removed
Category:Tax NewsThe announcement by Treasury and the IRS is a reversal from January regulations. Thursday’s notice provides immediate relief from penalties under Secs. 6707A(a), 6707(a), and 6708 for any failure by participants or material advisers to file disclosure statements required by the regulations.
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