CPA Never under estimate the value
Pending further guidance that it intends to issue on the treatment of nonfungible tokens as collectibles, the IRS said that it will use a lookthrough analysis for determining if an NFT is a collectible.
Source: JOA News
Read More here – NFTs as collectibles: IRS issues guidance and seeks comments
Individuals receiving Social Security retirement benefits who wish they had postponed them for a larger benefit amount later may have certain options.
Source: JOA News
Read More here – How to reverse course on collecting Social Security
After helping their clients survive three tough years, accounting firms should look toward a post-pandemic future. Here are five areas you should explore to determine whether your firm’s business model needs transformation.
Source: JOA News
Read More here – Is it time for firms to transform their business model?
FASAB issued a technical bulletin to further explain and address accounting issues not directly covered under Statement of Federal Financial Accounting Standards 54 and other relevant statements.
Source: JOA News
Read More here – FASAB issues bulletin on reimbursable work agreements
National Taxpayer Advocate Erin Collins wrote in her blog post Thursday that Congress should allocate more money from the Inflation Reduction Act’s $80 billion budget infusion over 10 years for the IRS to taxpayer services and business systems modernization and less to enforcement and operations.
Source: Tax News
Read More here – Taxpayer services should get more of that billion, advocate says
National Taxpayer Advocate Erin Collins wrote in her blog post Thursday that Congress should allocate more money from the Inflation Reduction Act’s $80 billion budget infusion over 10 years for the IRS to taxpayer services and business systems modernization and less to enforcement and operations.
Source: JOA News
Read More here – Taxpayer services should get more of that billion, advocate says
Proposals would expand who must report on cybersecurity and data breaches, as well as what they must report.
Source: JOA News
Read More here – SEC proposals target cybersecurity
FASB is seeking comments on a proposed Accounting Standards Update that addresses requests for improved income tax disclosures.
Source: JOA News
Read More here – FASB proposes enhancements to income tax disclosures
The chief accounting officer of Workday shares on technology and talent strategy, zero-day close, and accounting’s role in driving value creation.
Source: JOA News
Read More here – 3 trends that will reshape accounting and finance in 2023
The AICPA Professional Ethics Executive Committee is releasing proposed changes to the Code. The proposals relate to convergence with international standards and to clarifying members’ ethical responsibilities related to allowable collaboration for CPE.
Source: JOA News
Read More here – PEEC seeks feedback on proposed changes to the Code of Professional Conduct
