Monthly Archives: June 2023

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Stock repurchase excise tax reporting and payment delayed by IRS

Category:Uncategorized

The IRS says covered corporations will not have to report or pay the new 1% stock repurchase excise tax until it issues forthcoming regulations.
Source: Tax News
Read More here – Stock repurchase excise tax reporting and payment delayed by IRS


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Stock repurchase excise tax reporting and payment delayed by IRS

Category:Uncategorized

The IRS says covered corporations will not have to report or pay the new 1% stock repurchase excise tax until it issues forthcoming regulations.
Source: JOA News
Read More here – Stock repurchase excise tax reporting and payment delayed by IRS


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Research finds algorithms, unscrupulous preparers behind audit bias

Category:Uncategorized

Subsequent research has replicated the racial gap in audit rates found in a study led by Stanford University and pointed to both unscrupulous tax preparers who submit EITC claims and algorithmic bias in the IRS’s audit selection process as causes.
Source: Tax News
Read More here – Research finds algorithms, unscrupulous preparers behind audit bias


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Research finds algorithms, unscrupulous preparers behind audit bias

Category:Uncategorized

Subsequent research has replicated the racial gap in audit rates found in a study led by Stanford University and pointed to both unscrupulous tax preparers who submit EITC claims and algorithmic bias in the IRS’s audit selection process as causes.
Source: JOA News
Read More here – Research finds algorithms, unscrupulous preparers behind audit bias


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Mississippi youth passes CPA Exam – at age 15

Category:Uncategorized

Jimmy Chilimigras, headed to law school in August, is believed to be the youngest person to ever pass the CPA Exam.
Source: JOA News
Read More here – Mississippi youth passes CPA Exam – at age 15


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FASB proposes improvements to accounting for purchased financial assets

Category:Uncategorized

FASB is seeking comments on a proposed Accounting Standards Update intended to improve accounting for purchased financial assets.
Source: JOA News
Read More here – FASB proposes improvements to accounting for purchased financial assets


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In one minute, this simple tool could save practitioners hours

Category:Uncategorized

Practitioners now have at their fingertips an interactive PDF that can quickly help determine whether AR-C Section 70 of SSARS No. 21 is required to be applied when performing accounting services.
Source: JOA News
Read More here – In one minute, this simple tool could save practitioners hours


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Historic global standards for sustainability reporting released

Category:Uncategorized

The IFRS Foundation’s International Sustainability Standards Board issued IFRS S1 and IFRS S2 on Monday, the first two global standards for sustainability reporting.
Source: JOA News
Read More here – Historic global standards for sustainability reporting released


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COVID-19 coverage without a deductible ends next year

Category:Uncategorized

A high-deductible health plan will no longer be permitted to provide coverage without a deductible for testing for and treatment of COVID-19 after Dec. 31, 2024.
Source: Tax News
Read More here – COVID-19 coverage without a deductible ends next year


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COVID-19 coverage without a deductible ends next year

Category:Uncategorized

A high-deductible health plan will no longer be permitted to provide coverage without a deductible for testing for and treatment of COVID-19 after Dec. 31, 2024.
Source: JOA News
Read More here – COVID-19 coverage without a deductible ends next year