The difference between taxes owed and taxes paid was $496 billion annually for tax years 2014 through 2016, and that figure is likely to grow, the IRS said.
Source: Tax News
Read More here – Growing tax gap shows need for better service, compliance, IRS says
Understanding and evaluating inherent risk will remain a critical piece of your audit risk assessment process, and SAS No. 145 has brought a number of changes to enhance clarity and audit effectiveness.
Source: JOA News
Read More here – Quiz: What do you know? Inherent risk in SAS No. 14
The difference between taxes owed and taxes paid was $496 billion annually for tax years 2014 through 2016, and that figure is likely to grow, the IRS said.
Source: JOA News
Read More here – Growing tax gap shows need for better service, compliance, IRS says
The IRS announced that it has hired new customer service representatives, who will be trained to provide help to taxpayers in time for the 2023 tax season.
Source: Tax News
Read More here – IRS hires 4,000 customer service reps, plans to hire 1,000 more
The IRS announced that it has hired new customer service representatives, who will be trained to provide help to taxpayers in time for the 2023 tax season.
Source: JOA News
Read More here – IRS hires 4,000 customer service reps, plans to hire 1,000 more
In a move the AICPA supports, the IRS is providing a new way to make anonymous reports about third-party vendors promoting improper claims for the employee retention credit.
Source: Tax News
Read More here – New process provided for anonymous reporting of ERC mills
In a move the AICPA supports, the IRS is providing a new way to make anonymous reports about third-party vendors promoting improper claims for the employee retention credit.
Source: JOA News
Read More here – New process provided for anonymous reporting of ERC mills
The proposed Accounting Standards Update intends to provide investors and other allocators of capital (collectively, investors) with more decision-useful information in a joint venture’s separate financial statements and reduce diversity in practice in this area of financial reporting.
Source: JOA News
Read More here – FASB seeks input on proposed changes to accounting for joint ventures
Adopted rules aim to ensure that company executives return erroneously awarded compensation and that mutual fund investors receive transparent information. A proposed rule adds to investment advisers’ responsibility to their clients.
Source: JOA News
Read More here – SEC adopts two rules, proposes a third
Most CFOs expect to offer a hybrid work model for the foreseeable future, a decision that may help with talent acquisition but that could create new obstacles related to talent retention.
Source: JOA News
Read More here – Talent trends: Offering hybrid work model is only the start
