CPA Never under estimate the value
The amended Accounting Standards Update addresses concerns related to terms and conditions to be considered and accounting for leasehold improvements.
Source: JOA News
Read More here – FASB issues update to leases guidance
FASB is seeking comments on a proposed Accounting Standards Update that is intended to improve the accounting for and disclosure of certain cryptoassets.
Source: JOA News
Read More here – FASB issues proposed changes to cryptoasset accounting, disclosure
The commission proposed amendments that would require registrants to file a number of submissions electronically as it works to modernize the agency’s information collection and analysis methods.
Source: JOA News
Read More here – SEC moves toward requiring electronic filings
Pending further guidance that it intends to issue on the treatment of nonfungible tokens as collectibles, the IRS said that it will use a lookthrough analysis for determining if an NFT is a collectible.
Source: Tax News
Read More here – NFTs as collectibles: IRS issues guidance and seeks comments
Pending further guidance that it intends to issue on the treatment of nonfungible tokens as collectibles, the IRS said that it will use a lookthrough analysis for determining if an NFT is a collectible.
Source: JOA News
Read More here – NFTs as collectibles: IRS issues guidance and seeks comments
Individuals receiving Social Security retirement benefits who wish they had postponed them for a larger benefit amount later may have certain options.
Source: JOA News
Read More here – How to reverse course on collecting Social Security
After helping their clients survive three tough years, accounting firms should look toward a post-pandemic future. Here are five areas you should explore to determine whether your firm’s business model needs transformation.
Source: JOA News
Read More here – Is it time for firms to transform their business model?
FASAB issued a technical bulletin to further explain and address accounting issues not directly covered under Statement of Federal Financial Accounting Standards 54 and other relevant statements.
Source: JOA News
Read More here – FASAB issues bulletin on reimbursable work agreements
National Taxpayer Advocate Erin Collins wrote in her blog post Thursday that Congress should allocate more money from the Inflation Reduction Act’s $80 billion budget infusion over 10 years for the IRS to taxpayer services and business systems modernization and less to enforcement and operations.
Source: Tax News
Read More here – Taxpayer services should get more of that billion, advocate says
National Taxpayer Advocate Erin Collins wrote in her blog post Thursday that Congress should allocate more money from the Inflation Reduction Act’s $80 billion budget infusion over 10 years for the IRS to taxpayer services and business systems modernization and less to enforcement and operations.
Source: JOA News
Read More here – Taxpayer services should get more of that billion, advocate says
