CPA Never under estimate the value
Clients often get confused about how enrollment in Medicare affects their eligibility to contribute to a health savings account and what to do if they erroneously made HSA contributions after their eligibility ceased.
Source: JOA News
Read More here – Answering common questions about HSAs and Medicare enrollment
The IRS said the new deadline to file under the consolidated employee retention credit claims process is Dec. 31. The previous deadline was Friday.
Source: JOA News
Read More here – ERC claims withdrawal process extended for third-party payers
The board approves eight firm and engagement metrics for disclosure and adds to the disclosures it requires during annual reporting and special reporting periods. It also approves its 2025 budget and puts any action related to NOCLAR on hold until 2025.
Source: JOA News
Read More here – PCAOB will require firms to share a new set of metrics
Beginning with the 2025 filing season, the IRS will accept Forms 1040, 1040-NR and 1040-SS even if a dependent has already been claimed on a previously filed return if the primary taxpayer on the second return includes a valid identity protection personal identification number.
Source: JOA News
Read More here – IRS will accept duplicate dependent returns submitted with an IP PIN
Public comments are sought on the board’s effort to provide authoritative guidance in an area not currently covered by GAAP. In addition, FASB seeks feedback on potential standard setting related to financial KPIs.
Source: JOA News
Read More here – FASB proposes guidance on accounting for government grants
The Experience, Learn and Earn program now offers an affordable path to 150 credit hours to a larger group of accounting graduates.
Source: JOA News
Read More here – Education program expands to welcome more CPA licensure candidates
The top 30 firm announces investment by two entities in the continuation of an industry trend.
Source: JOA News
Read More here – PKF O’Connor Davies strikes a deal with private equity
The adopted rule empowers the PCAOB to withdraw the registration of firms that don’t file annual reports and don’t pay annual dues for two consecutive years.
Source: JOA News
Read More here – PCAOB amendment addresses registration of inactive firms
The guidance is intended to improve and clarify current guidance as opposed to fundamentally changing the nature of guidance in FASB ASC Topic 270, Interim Reporting.
Source: JOA News
Read More here – FASB seeks comments on newly proposed interim reporting guidance
Without a delay, “millions of small business owners become accidentally and unknowingly delinquent in their compliance,” reads the letter, signed by CEO Barry Melancon, CPA, CGMA.
Source: JOA News
Read More here – AICPA to Congress: Delay needed in BOI reporting deadline
