CPA Never under estimate the value
These new blockchain-created digital assets may be treated as intangibles for tax purposes, but a dearth of guidance leaves questions.
Source: JOA News
Read More here – Tax consequences of nonfungible tokens (NFTs)
FASB is seeking comment on what the board’s future standard-setting priorities should be. Stakeholders are asked to provide feedback by Sept. 22 to help FASB identify areas where there’s a pervasive need to improve generally accepted accounting principles (GAAP).
Source: JOA News
Read More here – FASB asks for feedback on standard-setting agenda
An AICPA survey shows two in five Americans struggle to stick to their monthly budget due to online shopping.
Source: JOA News
Read More here – Cultivate good online shopping habits
More than one-third of finance leaders say their organizations are resuming customary business travel or plan to do so by the end of the year.
Source: JOA News
Read More here – Business travel resuming for many after pandemic-related cuts
As momentum grows for environmental, social and governance disclosures, ESG assurance opportunities are expected to present themselves for CPAs, who currently are performing a small fraction of these engagements in the US.
Source: JOA News
Read More here – ESG assurance: An emerging opportunity for CPAs
A new IRS online portal lets taxpayers unenroll from receiving advance payments of the 2021 child tax credit.
Source: Tax News
Read More here – Child tax credit: New portal for opting out of advance payments
A new IRS online portal lets taxpayers unenroll from receiving advance payments of the 2021 child tax credit.
Source: JOA News
Read More here – Child tax credit: New portal for opting out of advance payments
Proposed legislation in several places sought to tax accounting services but was opposed by the AICPA and others.
Source: JOA News
Read More here – Professional services tax proposals discussed in multiple states
It’s a good time to reflect on the CPA profession’s role in making this historic business relief program a success and to consider what comes next, especially in four key areas.
Source: JOA News
Read More here – CPAs and the historic Paycheck Protection Program
Leaders whose organizations focus on promoting the advancement of Black CPAs, both on their own and as a part of the Black CPA Centennial, offer insights on where the profession stands and where it needs to go.
Source: JOA News
Read More here – Coming together to advance Black CPAs
