CPA Never under estimate the value
Doug O’Donnell, the current deputy commissioner for services and enforcement and the acting IRS commissioner from November 2022 to March 2023, will fill the position.
Source: JOA News
Read More here – IRS reorganizes leadership structure with 1 deputy commissioner
The Accounting Standards Update requires entities to report on certain fungible assets at fair value, with changes in fair value recognized in net income.
Source: JOA News
Read More here – FASB issues new cryptoassets standard
The comment letter, in response to the exposure draft of ISSA 5000, shows support for the global standard while suggesting revisions to ensure it can be “consistently interpreted and applied.” The AICPA’s Auditing Standards Board is considering related changes to its attestation standards.
Source: JOA News
Read More here – AICPA comments on proposed standard for sustainability assurance
The committee’s actions include a new definition of publicly traded entity and a revised definition of public interest entity. The changes will have two-tiered effective dates.
Source: JOA News
Read More here – PEEC releases new ethics guidance related to public interest entities
Pessimism about the U.S. economy rises in the latest quarterly Business and Industry Economic Survey, fueling a slowdown in hiring even as decision-makers remain cautiously optimistic about their own companies.
Source: JOA News
Read More here – More CPA decision-makers hesitate to hire amid economic concerns
The letters are part of the wide-ranging IRS campaign to curb abuse in the pandemic-era employee retention credit.
Source: Tax News
Read More here – IRS sends ERC disallowance letters to 20K+ taxpayers
The letters are part of the wide-ranging IRS campaign to curb abuse in the pandemic-era employee retention credit.
Source: JOA News
Read More here – IRS sends ERC disallowance letters to 20K+ taxpayers
At stake is up to $340 billion in tax revenue in case where couple is challenging tax that they say increased their liability by about $15,000 in 2017.
Source: Tax News
Read More here – Supreme Court hears arguments in challenge to Sec. 965 transition tax
At stake is up to $340 billion in tax revenue in case where couple is challenging tax that they say increased their liability by about $15,000 in 2017.
Source: JOA News
Read More here – Supreme Court hears arguments in challenge to Sec. 965 transition tax
Seventeen employers in 15 industries are taking advantage of the talent acquisition opportunities offered by the Registered Apprenticeship for Finance Business Partners.
Source: JOA News
Read More here – Apprenticeship program tops 100 participants in inaugural year
