CPA Never under estimate the value
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: JOA News
Read More here – FinCEN continues outreach on BOI reporting, may release YouTube videos
Common types of trusts that CPAs should be familiar with include grantor trusts, special-needs trusts, domestic asset protection trusts, and trusts for solo 401(k)s.
Source: JOA News
Read More here – Some common uses for trusts
The recently introduced bills would increase awareness of accounting at an earlier age through the use of federal funding “to promote the development, implementation, and strengthening of programs to teach accounting.”
Source: JOA News
Read More here – AICPA backs legislation to add accounting to STEM education
The IRS issued rules to reduce the PTIN fee to an $11 user fee plus an $8.75 third-party contractor fee for the next three fiscal years and announced new features for Tax Pro Accounts.
Source: Tax News
Read More here – New from the IRS: Reduced fee for PTINs, updates to Tax Pro Accounts
The IRS issued rules to reduce the PTIN fee to an $11 user fee plus an $8.75 third-party contractor fee for the next three fiscal years and announced new features for Tax Pro Accounts.
Source: JOA News
Read More here – New from the IRS: Reduced fee for PTINs, updates to Tax Pro Accounts
The standard aims to modernize the process that auditors use to verify information via a third party about one or more financial statement assertions.
Source: JOA News
Read More here – New PCAOB standard addresses confirmation in the audit
GASB issued a proposal that would establish requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures, allowing users to make informed decisions about these and to evaluate accountability.
Source: JOA News
Read More here – GASB addresses disclosure and classification of capital assets
The practice aid and supporting materials will help small- and medium-size firms and sole practitioners develop a QM system that aligns with a new set of QM standards.
Source: JOA News
Read More here – AICPA releases quality management practice aid
CPAs and other individuals who practice before the IRS can use the letter as a standard form for requesting tax information that was obtained as part of an inquiry into Circular 230 violations.
Source: Tax News
Read More here – OPR publishes letter to request tax information in case files
CPAs and other individuals who practice before the IRS can use the letter as a standard form for requesting tax information that was obtained as part of an inquiry into Circular 230 violations.
Source: JOA News
Read More here – OPR publishes letter to request tax information in case files
