Monthly Archives: December 2019

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New FASB standard aims to simplify accounting for income taxes

FASB issued a standard that is designed to reduce cost and complexity in accounting for income taxes.
Source: Tax News
Read More here – New FASB standard aims to simplify accounting for income taxes


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New FASB standard aims to simplify accounting for income taxes

FASB issued a standard that is designed to reduce cost and complexity in accounting for income taxes.
Source: JOA News
Read More here – New FASB standard aims to simplify accounting for income taxes


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SEC proposes expanding access to private markets

The Securities and Exchange Commission issued a proposal that would provide more investors with access to private capital markets.
Source: JOA News
Read More here – SEC proposes expanding access to private markets


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Proposal would delay lease accounting effective date for federal entities

FASB’s standard for accounting for leases would be delayed for two years under a proposal issued Wednesday.
Source: JOA News
Read More here – Proposal would delay lease accounting effective date for federal entities


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Proposed regs. would govern Sec. 162(m) executive compensation limits

The IRS issued proposed regulations on the Sec. 162(m) $1 million limit on executive compensation paid by certain publicly held corporations.
Source: Tax News
Read More here – Proposed regs. would govern Sec. 162(m) executive compensation limits


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Proposed regs. would govern Sec. 162(m) executive compensation limits

The IRS issued proposed regulations on the Sec. 162(m) $1 million limit on executive compensation paid by certain publicly held corporations.
Source: JOA News
Read More here – Proposed regs. would govern Sec. 162(m) executive compensation limits


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Final regs. issued on foreign tax credits

The IRS officially released final regulations providing guidance on determining foreign tax credits. The regulations include changes necessitated by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – Final regs. issued on foreign tax credits


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How to handle accounting for digital assets

A new practice aid published by the AICPA provides nonauthoritative guidance about how to account for digital assets under generally accepted accounting principles.
Source: JOA News
Read More here – How to handle accounting for digital assets


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Guidance issued on payments to charitable organizations

The IRS issued additional rules on the treatment of deductions for charitable contributions in lieu of state and local taxes, an area in which it has already issued final regulations and other guidance.
Source: Tax News
Read More here – Guidance issued on payments to charitable organizations


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Guidance issued on payments to charitable organizations

The IRS issued additional rules on the treatment of deductions for charitable contributions in lieu of state and local taxes, an area in which it has already issued final regulations and other guidance.
Source: JOA News
Read More here – Guidance issued on payments to charitable organizations