Monthly Archives: May 2023

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AICPA joins coalition to increase awareness of new BOI requirement

Category:Uncategorized

Under the requirement, most companies created in or registered to do business in the United States must report their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network.
Source: JOA News
Read More here – AICPA joins coalition to increase awareness of new BOI requirement


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FASAB seeks feedback on its existing standards

Category:Uncategorized

The FASAB is seeking comments on its Reexamination of Existing Standards project to ensure that its standards meet users’ needs and provide financial information that supports public accountability and transparency.
Source: JOA News
Read More here – FASAB seeks feedback on its existing standards


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AICPA supports extending mailbox rule to electronic filing and payments

Category:Uncategorized

The Electronic Communication Uniformity Act, recently introduced in the Senate, would apply the timely mailing/timely filing rule to electronic tax return filings and payments. The AICPA has written to the sponsors of the bill expressing support.
Source: Tax News
Read More here – AICPA supports extending mailbox rule to electronic filing and payments


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AICPA supports extending mailbox rule to electronic filing and payments

Category:Uncategorized

The Electronic Communication Uniformity Act, recently introduced in the Senate, would apply the timely mailing/timely filing rule to electronic tax return filings and payments. The AICPA has written to the sponsors of the bill expressing support.
Source: JOA News
Read More here – AICPA supports extending mailbox rule to electronic filing and payments


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FASB issues proposed changes to profit-sharing arrangements

Category:Uncategorized

FASB is seeking comments on a proposed Accounting Standards Update related to guidance for entities on determining whether profits interest and similar awards should be accounted for as share-based payment arrangements.
Source: JOA News
Read More here – FASB issues proposed changes to profit-sharing arrangements


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IRS backlog lessens; agency plans to resume collection notices

Category:Uncategorized

The IRS said all returns received for tax year 2021 or earlier have been processed if the returns had no errors or did not require further review.
Source: Tax News
Read More here – IRS backlog lessens; agency plans to resume collection notices


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IRS backlog lessens; agency plans to resume collection notices

Category:Uncategorized

The IRS said all returns received for tax year 2021 or earlier have been processed if the returns had no errors or did not require further review.
Source: JOA News
Read More here – IRS backlog lessens; agency plans to resume collection notices


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Create a magnetic culture at your firm

Category:Uncategorized

To ensure a future of abundance, leaders must do better at attracting and nurturing talent.
Source: JOA News
Read More here – Create a magnetic culture at your firm


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How the mega-backdoor Roth works

Category:Uncategorized

A strategy for effectively super-funding a Roth is available to some individuals who have a 401(k) or 403(b) account through work. This article explains the basics.
Source: JOA News
Read More here – How the mega-backdoor Roth works


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Black CPAs: IRS must end higher audit rates for Black taxpayers

Category:Uncategorized

Black CPAs react to study led by Stanford University showing the IRS is up to 4.7 times more likely to audit Black taxpayers than non-Black ones, saying the tax system must be fairer.
Source: Tax News
Read More here – Black CPAs: IRS must end higher audit rates for Black taxpayers