Financial Accounting Foundation issues annual report
Category:Tax NewsFAF report highlights recent FASB and GASB actions and updates its strategic plan published three years ago.
FAF report highlights recent FASB and GASB actions and updates its strategic plan published three years ago.
The bipartisan bill would make accounting part of STEM, a federally funded program for science, technology, engineering, and mathematics education.
The National Federation of Independent Business said in a letter to Treasury Secretary Scott Bessent that millions of beneficial ownership information (BOI) reports filed by domestic companies before the government dropped the BOI requirement should be destroyed.
A Senate bill would bar states from imposing tax and withholding on out-of-state workers who work for no more than 30 days within its borders. An AICPA letter described the bill as “critically important.”
In a letter to the IRS, the AICPA recommended changes to the final regulations for generation-skipping transfer (GST) exemption and certain GST elections that it said would make it easier and less expensive for taxpayers to file.
The programs include one open to the workers with the most seniority and a renewal of the previous deferred resignation program.
In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.
Catherine “Halie” Creps, CPA, a current ASB member and a partner at KPMG, will replace Sara Lord in May, when seven new board members begin their tenures.
The council, which advocates for private companies during FASB’s standard-setting process, shares recent accomplishments and its vision for the future.
The board offers advice to public company auditors about Form AP, upcoming standards on quality control and confirmation, and in the form of free PCAOB-led forums.