Category Archives: Uncategorized

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PEEC updates code for compliance audits

Category:Uncategorized

The AICPA Professional Ethics Executive Committee (PEEC) approved updates to the AICPA Code of Professional Conduct, including two new definitions and one revised definition.
Source: JOA News
Read More here – PEEC updates code for compliance audits


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Unemployment compensation exclusion corrections led to 12 million refunds

Category:Uncategorized

Nearly 12 million taxpayers received refunds for 2020 through automatic corrections the IRS made because the American Rescue Plan Act added an exclusion for unemployment compensation after some taxpayers had already filed their returns.
Source: Tax News
Read More here – Unemployment compensation exclusion corrections led to 12 million refunds


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Unemployment compensation exclusion corrections led to 12 million refunds

Category:Uncategorized

Nearly 12 million taxpayers received refunds for 2020 through automatic corrections the IRS made because the American Rescue Plan Act added an exclusion for unemployment compensation after some taxpayers had already filed their returns.
Source: JOA News
Read More here – Unemployment compensation exclusion corrections led to 12 million refunds


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Addressing ESG: Experts advise action but also patience

Category:Uncategorized

Regulation is an important step to establishing a baseline for ESG reporting, but it’s only a first step, according to panelists at the AICPA & CIMA Conference on Current SEC and PCAOB Developments.
Source: JOA News
Read More here – Addressing ESG: Experts advise action but also patience


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TIGTA: 14,000 taxpayers improperly subject to private collection agencies

Category:Uncategorized

A TIGTA audit report says the IRS wrongly included over 14,000 low-income taxpayers among those subject to private collection agencies. The IRS disputed the report, saying those taxpayers aren’t protected by the Taxpayer First Act.
Source: Tax News
Read More here – TIGTA: 14,000 taxpayers improperly subject to private collection agencies


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TIGTA: 14,000 taxpayers improperly subject to private collection agencies

Category:Uncategorized

A TIGTA audit report says the IRS wrongly included over 14,000 low-income taxpayers among those subject to private collection agencies. The IRS disputed the report, saying those taxpayers aren’t protected by the Taxpayer First Act.
Source: JOA News
Read More here – TIGTA: 14,000 taxpayers improperly subject to private collection agencies


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Audit tips from PCAOB inspections leader

Category:Uncategorized

The director of the PCAOB inspections team recently issued a call to action for auditors at the AICPA & CIMA Conference on Current SEC and PCAOB Developments.
Source: JOA News
Read More here – Audit tips from PCAOB inspections leader


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Key tax and retirement provisions in the Secure 2.0 Act

Category:Uncategorized

The year-end appropriations act included the Secure 2.0 Act, which makes many changes to the retirement plan rules, including expanding automatic enrollment and increasing the starting age for required minimum distributions.
Source: Tax News
Read More here – Key tax and retirement provisions in the Secure 2.0 Act


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Key tax and retirement provisions in the Secure 2.0 Act

Category:Uncategorized

The year-end appropriations act included the Secure 2.0 Act, which makes many changes to the retirement plan rules, including expanding automatic enrollment and increasing the starting age for required minimum distributions.
Source: JOA News
Read More here – Key tax and retirement provisions in the Secure 2.0 Act


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2024 CPA Exam Blueprints released

Category:Uncategorized

Updates to the CPA Exam Blueprints introduce flexibility and reflect the changing role and demands of today’s CPAs. Three sections of the Exam will cover Core competency skills, and the candidate can select a Discipline for the fourth section.
Source: JOA News
Read More here – 2024 CPA Exam Blueprints released