Monthly Archives: October 2020

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Cybersecurity provides opportunities for auditors to serve

Category:Uncategorized

Practitioners can provide services to clients related to cybersecurity beyond their financial statement auditing role, according to a newly published report from the Center for Audit Quality.
Source: JOA News
Read More here – Cybersecurity provides opportunities for auditors to serve


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2021 inflation adjustments and tax tables issued

Category:Uncategorized

The IRS issued the 2021 inflation adjustment amounts and tax tables for use in preparing 2021 tax returns in the 2022 filing season. Many of the over 60 items increased from 2020.
Source: Tax News
Read More here – 2021 inflation adjustments and tax tables issued


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2021 inflation adjustments and tax tables issued

Category:Uncategorized

The IRS issued the 2021 inflation adjustment amounts and tax tables for use in preparing 2021 tax returns in the 2022 filing season. Many of the over 60 items increased from 2020.
Source: JOA News
Read More here – 2021 inflation adjustments and tax tables issued


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Inflation-adjusted income ranges for 2021 IRA and 401(k) plans

Category:Uncategorized

The IRS announced that the income ranges for employee participation in workplace 401(k) plans and IRA contributions will increase from 2020 to 2021. Most of the other retirement plan contribution limits stayed the same, however.
Source: Tax News
Read More here – Inflation-adjusted income ranges for 2021 IRA and 401(k) plans


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Inflation-adjusted income ranges for 2021 IRA and 401(k) plans

Category:Uncategorized

The IRS announced that the income ranges for employee participation in workplace 401(k) plans and IRA contributions will increase from 2020 to 2021. Most of the other retirement plan contribution limits stayed the same, however.
Source: JOA News
Read More here – Inflation-adjusted income ranges for 2021 IRA and 401(k) plans


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FASB proposes clarifying forwards and options accounting

Category:Uncategorized

FASB would clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified forwards and options under a proposal issued Monday.
Source: JOA News
Read More here – FASB proposes clarifying forwards and options accounting


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Gauging risk assessment and response processes

Category:Uncategorized

How well do auditors perform in assessing and responding to risks of material misstatement? New research provides some answers.
Source: JOA News
Read More here – Gauging risk assessment and response processes


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Draft instructions for partnership capital account reporting released

Category:Uncategorized

The IRS released draft instructions for Form 1065, U.S. Return of Partnership Income, to calculate partner capital accounts using the tax-basis method.
Source: Tax News
Read More here – Draft instructions for partnership capital account reporting released


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Draft instructions for partnership capital account reporting released

Category:Uncategorized

The IRS released draft instructions for Form 1065, U.S. Return of Partnership Income, to calculate partner capital accounts using the tax-basis method.
Source: JOA News
Read More here – Draft instructions for partnership capital account reporting released


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Americans’ personal financial satisfaction sees record rebound

Category:Uncategorized

The AICPA’s Personal Financial Satisfaction Index (PFSi) rose 99% in the third quarter, setting a new record for quarterly growth. This finding underscores this year’s economic volatility, as last quarter the PFSi saw its largest-ever quarterly decline.
Source: JOA News
Read More here – Americans’ personal financial satisfaction sees record rebound