Monthly Archives: January 2023

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Taxpayers reminded about digital asset question and income reporting

Category:Uncategorized

The IRS also expanded and clarified the instructions for answering the question to help taxpayers answer it correctly. Taxpayers must answer the question even if they didn’t engage in activities involving digital assets, just as in the 2021 tax year.
Source: Tax News
Read More here – Taxpayers reminded about digital asset question and income reporting


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Taxpayers reminded about digital asset question and income reporting

Category:Uncategorized

The IRS also expanded and clarified the instructions for answering the question to help taxpayers answer it correctly. Taxpayers must answer the question even if they didn’t engage in activities involving digital assets, just as in the 2021 tax year.
Source: JOA News
Read More here – Taxpayers reminded about digital asset question and income reporting


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9 facts about HSAs that might surprise your clients

Category:Uncategorized

Understanding health savings accounts’ useful, lesser-known features is key to helping clients make the most of this important retirement planning tool.
Source: JOA News
Read More here – 9 facts about HSAs that might surprise your clients


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Switch hitter: How a baseball standout became a CPA

Category:Uncategorized

Felipe Crespo reached the pinnacle as a baseball player, and now he’s reaching new heights with his accounting firm in Puerto Rico.
Source: JOA News
Read More here – Switch hitter: How a baseball standout became a CPA


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FinCEN provides time estimates for compiling beneficial ownership details

Category:Uncategorized

FinCEN estimates that most companies will have a simple structure that will require 90 minutes per response, but complex entry filings will require much more time.
Source: Tax News
Read More here – FinCEN provides time estimates for compiling beneficial ownership details


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FinCEN provides time estimates for compiling beneficial ownership details

Category:Uncategorized

FinCEN estimates that most companies will have a simple structure that will require 90 minutes per response, but complex entry filings will require much more time.
Source: JOA News
Read More here – FinCEN provides time estimates for compiling beneficial ownership details


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CEO balancing act: Weathering the storm, growing for the future

Category:Uncategorized

Business leaders understand the value of investments focused on remaining relevant, but they lack confidence in the economy, according to a global survey by PwC.
Source: JOA News
Read More here – CEO balancing act: Weathering the storm, growing for the future


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Auditing best practices: What academic fraud research reveals

Category:Uncategorized

Complying with AU-C Section 240, Consideration of Fraud in a Financial Statement Audit, when conducting financial statement audits challenges practitioners’ professional skills and knowledge regarding identification, assessment, and response to fraud risks. Academic research reveals best practices for enhancing fraud-related financial audit performance.
Source: JOA News
Read More here – Auditing best practices: What academic fraud research reveals


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Davos 2023: Outlook brighter than feared, fraught with risks

Category:Uncategorized

The IMF’s forecast of 4.4% for China’s 2023 economic growth comes amid concern for the Russia-Ukraine conflict and transatlantic trade war risk.
Source: JOA News
Read More here – Davos 2023: Outlook brighter than feared, fraught with risks


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Economic uncertainty and planning for resilience

Category:Uncategorized

A new AICPA & CIMA report says that finance teams are spending up to 40% of their time dealing with the consequences and challenges of inflation.
Source: JOA News
Read More here – Economic uncertainty and planning for resilience