CPA Never under estimate the value
With a new standard for reporting on leases soon to be effective, the Accounting and Auditing Policy Committee is seeking comments on updates to its leases guidance in a 2021 technical release.
Source: JOA News
Read More here – FASAB committee proposes changes to guidance on leases
While many clients are reluctant to buy an annuity that won’t start making payments for 15 or 20 years, retirement researchers tout this as an effective strategy to prevent outliving one’s retirement savings.
Source: JOA News
Read More here – Longevity annuities: Why clients should consider them
States continue to move ahead with implementing new passthrough entity taxes as a workaround to the $10,000 cap on the federal deduction of state and local taxes.
Source: Tax News
Read More here – Update on states moving ahead with PTETs
States continue to move ahead with implementing new passthrough entity taxes as a workaround to the $10,000 cap on the federal deduction of state and local taxes.
Source: JOA News
Read More here – Update on states moving ahead with PTETs
At its spring meeting, the AICPA Council voiced support for the Pipeline Acceleration Plan and decided to move forward with development of a national strategy focused on boosting the accounting profession’s talent outlook.
Source: JOA News
Read More here – AICPA Council supports development of national pipeline strategy
The bill filed by Reps. Judy Chu and Mike Carey would streamline the extension-filing process for millions of Americans.
Source: Tax News
Read More here – AICPA backs bill to make it easier to file for tax extensions
The bill filed by Reps. Judy Chu and Mike Carey would streamline the extension-filing process for millions of Americans.
Source: JOA News
Read More here – AICPA backs bill to make it easier to file for tax extensions
A lower percentage of companies are seeking new employees and increasing the benefits for their current workers, according to a survey of audit partners.
Source: JOA News
Read More here – Public companies reining in costs, according to audit partners
In a unanimous decision, the Court held that the IRS does not have to notify third parties named in a summons when it seeks access to records held at institutions such as banks in aid of collection of a tax assessment.
Source: Tax News
Read More here – Supreme Court upholds exception to notice requirement for third-party summonses
In a unanimous decision, the Court held that the IRS does not have to notify third parties named in a summons when it seeks access to records held at institutions such as banks in aid of collection of a tax assessment.
Source: JOA News
Read More here – Supreme Court upholds exception to notice requirement for third-party summonses
