Monthly Archives: December 2022

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IRS delays Form 1099-K $600 reporting threshold

Category:Uncategorized

The IRS announced late in December that it is delaying the new, lower $600 reporting threshold for third-party settlement organizations so that it will not apply to transactions in 2022.
Source: Tax News
Read More here – IRS delays Form 1099-K 0 reporting threshold


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IRS delays Form 1099-K $600 reporting threshold

Category:Uncategorized

The IRS announced late in December that it is delaying the new, lower $600 reporting threshold for third-party settlement organizations so that it will not apply to transactions in 2022.
Source: JOA News
Read More here – IRS delays Form 1099-K 0 reporting threshold


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Prop. regs. to provide withholding relief on sales of foreign PTPs

Category:Uncategorized

The IRS announced that it will issue proposed regulations providing some relief to brokers that are required to withhold on the transfer of an interest in a publicly traded partnership (PTP) if the PTP is a foreign-traded entity.
Source: Tax News
Read More here – Prop. regs. to provide withholding relief on sales of foreign PTPs


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Prop. regs. to provide withholding relief on sales of foreign PTPs

Category:Uncategorized

The IRS announced that it will issue proposed regulations providing some relief to brokers that are required to withhold on the transfer of an interest in a publicly traded partnership (PTP) if the PTP is a foreign-traded entity.
Source: JOA News
Read More here – Prop. regs. to provide withholding relief on sales of foreign PTPs


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FASB defers sunset date of reference rate reform guidance

Category:Uncategorized

FASB extended the period of time preparers can use the reference rate reform relief guidance by two years, to 2024.
Source: JOA News
Read More here – FASB defers sunset date of reference rate reform guidance


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2023 brings lots of new to the IRS while keeping one problem: backlogs

Category:Uncategorized

The IRS and a possible new commissioner have until Feb. 17, 2023, to advise Treasury Secretary Janet Yellen how they plan to spend $80 billion that Congress budgeted for the agency over the next 10 years.
Source: Tax News
Read More here – 2023 brings lots of new to the IRS while keeping one problem: backlogs


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2023 brings lots of new to the IRS while keeping one problem: backlogs

Category:Uncategorized

The IRS and a possible new commissioner have until Feb. 17, 2023, to advise Treasury Secretary Janet Yellen how they plan to spend $80 billion that Congress budgeted for the agency over the next 10 years.
Source: JOA News
Read More here – 2023 brings lots of new to the IRS while keeping one problem: backlogs


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PCAOB proposes new auditing standard

Category:Uncategorized

The PCAOB issued a proposed new standard that is designed to strengthen and modernize the requirements for the auditor’s use of confirmation.
Source: JOA News
Read More here – PCAOB proposes new auditing standard


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5 ways firms can use technology to transform audits

Category:Uncategorized

Technology has been transforming audits for years, and that trend will only accelerate with the Statement on Auditing Standards (SAS) No. 142, Audit Evidence, which took effect on Dec. 15, 2022.
Source: JOA News
Read More here – 5 ways firms can use technology to transform audits


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Quiet your inner critic

Category:Uncategorized

Here are ways to control that judgmental voice in your head that makes you question your abilities and achievements.
Source: JOA News
Read More here – Quiet your inner critic