CPA Never under estimate the value
Optimism about the U.S. economy rebounded significantly among finance decision-makers, according to a new AICPA & CIMA survey. Revenue and profit forecasts are up, along with expansion and hiring plans.
Source: JOA News
Read More here – CPA executives upbeat about domestic economy in 2025, survey says
Finding the Corporate Transparency Act “likely unconstitutional,” a federal district court prohibited its enforcement and the enforcement of its accompanying regulations.
Source: JOA News
Read More here – Nationwide injunction halts BOI reporting for now
While some large companies have recently made news by making their employees return to the office, another trend is making bigger gains across the employment landscape.
Source: JOA News
Read More here – More return-to-office mandates? Report looks beyond the headlines
Nearly three in eight businesses in a poll said they were waiting until the end of the year to file beneficial ownership information reports.
Source: JOA News
Read More here – BOI: Businesses cite procrastination, lack of clarity for not filing
An Accounting Standards Update focuses on the measurement of credit losses for accounts receivable and contract assets for private companies and certain not-for-profit entities.
Source: JOA News
Read More here – FASB proposes guidance on measurement of credit losses
The IRS issued regulations that finalize proposed regulations issued in 2013. The guidance is focused on when and to what extent a partner is treated as bearing the economic risk of loss and the special rules applying to a partner related to another partner.
Source: JOA News
Read More here – Regs. address partnership recourse liabilities, related-party rules
The delay, the third by the IRS for Form 1099-K reporting for third-party settlement organizations, will treat 2024 and 2025 as transition years.
Source: JOA News
Read More here – IRS again delays effective date of 0 threshold for Form 1099-K reporting
The standard aims to provide guidance missing in GAAP for the reporting of induced conversions related to settlement of convertible debt instruments.
Source: JOA News
Read More here – New FASB standard addresses induced conversions
The Governmental Accounting Standards Board aims to bring clarity to the financial reporting of subsequent events and to a variety of topics in its implementation guide.
Source: JOA News
Read More here – GASB issues two exposure drafts for comment
With about two in three transformations failing, a leader navigating three transformations at one time explains how she plans to avoid becoming a statistic.
Source: JOA News
Read More here – Managing change: 3 strategies to avoid a tech transformation tailspin
