CPA Never under estimate the value
The board’s Accounting and Auditing Policy Committee issued Federal Financial Accounting Technical Release (TR) 22: Leases Implementation Guidance Updates.
Source: JOA News
Read More here – FASAB committee issues updates to guidance on leases
The Social Security Administration announced an increased maximum amount of wages subject to Social Security tax in 2024 to $168,600 and a 3.2% cost-of-living adjustment for Social Security benefits for 2024.
Source: Tax News
Read More here – Social Security wage base, COLA set for 2024
The Social Security Administration announced an increased maximum amount of wages subject to Social Security tax in 2024 to $168,600 and a 3.2% cost-of-living adjustment for Social Security benefits for 2024.
Source: JOA News
Read More here – Social Security wage base, COLA set for 2024
The AICPA 2023 Trends report shows a significant decrease in accounting graduates, but university accounting departments foresee an increase in enrollment. That, combined with a projected increase in the general student population, presents an opportunity for the profession.
Source: JOA News
Read More here – Pool of accounting graduates shrinks, AICPA report finds
Proposed regulations provide guidance for how transfers of the up to $7,500 Sec. 30D new clean vehicle, and up to $4,000 Sec. 25E used clean vehicle credit will work for buyers and dealers, starting Jan. 1, 2024.
Source: Tax News
Read More here – Clean-vehicle buyers can transfer tax credits to reduce purchase price
The Accounting Standards Update incorporates 14 disclosures from a 2018 SEC final rule into GAAP.
Source: JOA News
Read More here – FASB amends codification to align with SEC disclosures
Even some clients who have substantial assets plan for the possibility of relying on Medicaid for long-term care by creating irrevocable trusts to preserve assets.
Source: JOA News
Read More here – Long-term-care planning using trusts
Proposed regulations provide guidance for how transfers of the up to $7,500 Sec. 30D new clean vehicle, and up to $4,000 Sec. 25E used clean vehicle credit will work for buyers and dealers, starting Jan. 1, 2024.
Source: JOA News
Read More here – Clean-vehicle buyers can transfer tax credits to reduce purchase price
Advances in technology are turning the business world upside down — and accounting is no exception. The paradigm shift taking place calls for radical innovation and transformation. Collaboration is the key.
Source: JOA News
Read More here – Harnessing collaboration for workplace transformation
The new head of the Financial Crimes Enforcement Network said the online videos, which she used in her previous government position, are among the communication options being considered to inform companies about beneficial ownership information reporting requirements.
Source: Tax News
Read More here – FinCEN continues outreach on BOI reporting, may release YouTube videos
