FASAB issued a technical bulletin to further explain and address accounting issues not directly covered under Statement of Federal Financial Accounting Standards 54 and other relevant statements.
Source: JOA News
Read More here – FASAB issues bulletin on reimbursable work agreements
National Taxpayer Advocate Erin Collins wrote in her blog post Thursday that Congress should allocate more money from the Inflation Reduction Act’s $80 billion budget infusion over 10 years for the IRS to taxpayer services and business systems modernization and less to enforcement and operations.
Source: Tax News
Read More here – Taxpayer services should get more of that billion, advocate says
National Taxpayer Advocate Erin Collins wrote in her blog post Thursday that Congress should allocate more money from the Inflation Reduction Act’s $80 billion budget infusion over 10 years for the IRS to taxpayer services and business systems modernization and less to enforcement and operations.
Source: JOA News
Read More here – Taxpayer services should get more of that billion, advocate says
Proposals would expand who must report on cybersecurity and data breaches, as well as what they must report.
Source: JOA News
Read More here – SEC proposals target cybersecurity
FASB is seeking comments on a proposed Accounting Standards Update that addresses requests for improved income tax disclosures.
Source: JOA News
Read More here – FASB proposes enhancements to income tax disclosures
The chief accounting officer of Workday shares on technology and talent strategy, zero-day close, and accounting’s role in driving value creation.
Source: JOA News
Read More here – 3 trends that will reshape accounting and finance in 2023
The AICPA Professional Ethics Executive Committee is releasing proposed changes to the Code. The proposals relate to convergence with international standards and to clarifying members’ ethical responsibilities related to allowable collaboration for CPE.
Source: JOA News
Read More here – PEEC seeks feedback on proposed changes to the Code of Professional Conduct
The IRS Office of Professional Responsibility issued a bulletin that reviews the Circular 230 professional responsibilities that apply to claims for the employee retention credit.
Source: Tax News
Read More here – ERC claims on returns prepared by others raise questions for tax pros
The IRS Office of Professional Responsibility issued a bulletin that reviews the Circular 230 professional responsibilities that apply to claims for the employee retention credit.
Source: JOA News
Read More here – ERC claims on returns prepared by others raise questions for tax pros
Tax practitioners have many questions about how to track and report the basis of digital assets, and no clear guidance exists. Here are tips from the AICPA Virtual Currency and Digital Assets Tax Task Force.
Source: Tax News
Read More here – Questions about software tracking and reporting for basis of digital assets
