Monthly Archives: April 2022

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Supreme Court holds Tax Court not bound by petition filing deadline

The 30-day limit under Sec. 6330(d) for petitioning the Tax Court to review an IRS determination is nonjurisdictional and can be equitably tolled, the Court holds in the case of a taxpayer whose petition was one day late.
Source: JOA News
Read More here – Supreme Court holds Tax Court not bound by petition filing deadline


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Help clients achieve flexible spending in retirement

Does the 4% rule still make sense? A CPA financial planner discusses how advisers can help ensure their clients can spend with flexibility throughout retirement.
Source: JOA News
Read More here – Help clients achieve flexible spending in retirement


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IRS funding, technology assessed in House hearing

IRS Commissioner Charles Rettig and National Taxpayer Advocate Erin Collins testify to the House Oversight and Reform Committee.
Source: Tax News
Read More here – IRS funding, technology assessed in House hearing


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IRS funding, technology assessed in House hearing

IRS Commissioner Charles Rettig and National Taxpayer Advocate Erin Collins testify to the House Oversight and Reform Committee.
Source: JOA News
Read More here – IRS funding, technology assessed in House hearing


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Audit quality indicators show importance of tone at the top

A survey of audit quality indicators performed by the AICPA reveals the most important factors in helping CPA firms perform quality audits.
Source: JOA News
Read More here – Audit quality indicators show importance of tone at the top


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Avoid these 7 delegation mistakes

A career coach and speaker at AICPA & CIMA ENGAGE 22 offers advice to leaders on handing off tasks.
Source: JOA News
Read More here – Avoid these 7 delegation mistakes


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FASB proposal would extend time for reference rate reform relief

A proposal by the FASB would extend by two years the guidance related to reference rate reform relief and expand the definition of the Secured Overnight Financing Rate (SOFR).
Source: JOA News
Read More here – FASB proposal would extend time for reference rate reform relief


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As finance’s role grows, communication skills are more vital

A new survey found the finance function’s importance has grown in the past two years.
Source: JOA News
Read More here – As finance’s role grows, communication skills are more vital


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Why converting to a cloud firm can be a good exit strategy

Accounting firms that use cloud technology sell for a higher revenue multiple — and spend significantly less time on the market than non-cloud firms.
Source: JOA News
Read More here – Why converting to a cloud firm can be a good exit strategy


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Treasury equity action plan reports progress

The tax implications of the Biden administration’s policy of advancing racial equity and support for underserved communities across the government are outlined.
Source: Tax News
Read More here – Treasury equity action plan reports progress