Monthly Archives: May 2019

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2019 inflation-adjusted vehicle depreciation limits and income inclusions issued

The IRS provided the limitations on depreciation deductions for passenger automobiles first placed in service in 2019 and the amounts of income inclusion for lessees of passenger automobiles first leased during 2019.
Source: JOA News
Read More here – 2019 inflation-adjusted vehicle depreciation limits and income inclusions issued


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Proposal would enable adaptive-learning CPE self-study for CPAs

New standards proposed Monday for continuing education providers would permit CPAs to receive CPE credit for adaptive-learning programs in self-study courses.
Source: JOA News
Read More here – Proposal would enable adaptive-learning CPE self-study for CPAs


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How the CPA continuing education game is changing

New technologies have created a need for new skills and led to innovative methods for delivering professional education. Here’s how the CPA profession is evolving the way it educates its people.
Source: JOA News
Read More here – How the CPA continuing education game is changing


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Sales tax proposals threaten to ensnare CPA firms

Accountants aren’t necessarily being singled out, but rather legislative and city leaders are trying to find ways to spread tax liabilities around a broader base or meet their budget needs.
Source: JOA News
Read More here – Sales tax proposals threaten to ensnare CPA firms


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IRS corrects error in Schedule D tax calculation worksheet

The IRS notified tax software companies that it had discovered an error in the Schedule D, Capital Gains and Losses, Tax Worksheet used to calculate the tax on certain capital gains that had new rates as a result of the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – IRS corrects error in Schedule D tax calculation worksheet


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IRS corrects error in Schedule D tax calculation worksheet

The IRS notified tax software companies that it had discovered an error in the Schedule D, Capital Gains and Losses, Tax Worksheet used to calculate the tax on certain capital gains that had new rates as a result of the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – IRS corrects error in Schedule D tax calculation worksheet


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4 key steps for auditors in assessing technology risks

The business risks associated with new technology seem almost endless. But a new resource can help auditors, management and audit committees discharge their responsibilities associated with those risks.
Source: JOA News
Read More here – 4 key steps for auditors in assessing technology risks


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FASB eases transition to credit losses standard

FASB issued new accounting rules that are designed to ease the transition to the board’s new credit losses standard by providing an option to measure certain types of assets at fair value.
Source: JOA News
Read More here – FASB eases transition to credit losses standard


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IRS extends filing deadlines for CCH customers

The IRS announced that taxpayers affected by the recent Wolters Kluwer service outage who are facing May 15 filing deadlines can follow certain procedures to obtain reasonable cause waivers for failing to file on time.
Source: Tax News
Read More here – IRS extends filing deadlines for CCH customers


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IRS extends filing deadlines for CCH customers

The IRS announced that taxpayers affected by the recent Wolters Kluwer service outage who are facing May 15 filing deadlines can follow certain procedures to obtain reasonable cause waivers for failing to file on time.
Source: JOA News
Read More here – IRS extends filing deadlines for CCH customers