Monthly Archives: September 2023

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Guidance issued on applicability and calculation of new corporate AMT

Category:Uncategorized

In advance of proposed regulations, the IRS provided interim guidance to help corporations determine whether they are subject to the new corporate alternative minimum tax and how to calculate the tax, including how to determine financial statement income and applicable financial statement income.
Source: Tax News
Read More here – Guidance issued on applicability and calculation of new corporate AMT


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Guidance issued on applicability and calculation of new corporate AMT

Category:Uncategorized

In advance of proposed regulations, the IRS provided interim guidance to help corporations determine whether they are subject to the new corporate alternative minimum tax and how to calculate the tax, including how to determine financial statement income and applicable financial statement income.
Source: JOA News
Read More here – Guidance issued on applicability and calculation of new corporate AMT


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Optimism on the rise among large-company CFOs, according to survey

Category:Uncategorized

Fifty-seven percent of North American CFOs rate current economic conditions as good or very good — up from 34% last quarter — according to a third-quarter survey by Deloitte.
Source: JOA News
Read More here – Optimism on the rise among large-company CFOs, according to survey


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Long-awaited guidance provided for amortization of R&E expenditures

Category:Uncategorized

The IRS says taxpayers and tax professionals can rely on interim guidance under Sec. 174 for the amortization of research and experimental expenditures released on Friday in Notice 2023-63 until it issues proposed regulations based on the guidance, effective for tax years beginning in 2022.
Source: Tax News
Read More here – Long-awaited guidance provided for amortization of R&E expenditures


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Long-awaited guidance provided for amortization of R&E expenditures

Category:Uncategorized

The IRS says taxpayers and tax professionals can rely on interim guidance under Sec. 174 for the amortization of research and experimental expenditures released on Friday in Notice 2023-63 until it issues proposed regulations based on the guidance, effective for tax years beginning in 2022.
Source: JOA News
Read More here – Long-awaited guidance provided for amortization of R&E expenditures


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How to close the talent gap without hiring

Category:Uncategorized

An expert in workplace dynamics shares simple strategies that can significantly increase the productivity of current employees while changing company culture for the better.
Source: JOA News
Read More here – How to close the talent gap without hiring


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IRS vows new enforcement efforts aided by AI

Category:Uncategorized

Commissioner Danny Werfel describes an IRS that focuses on the wealthy and uses artificial intelligence to find discrepancies in large partnership filings.
Source: Tax News
Read More here – IRS vows new enforcement efforts aided by AI


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IRS vows new enforcement efforts aided by AI

Category:Uncategorized

Commissioner Danny Werfel describes an IRS that focuses on the wealthy and uses artificial intelligence to find discrepancies in large partnership filings.
Source: JOA News
Read More here – IRS vows new enforcement efforts aided by AI


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FASB approves cryptoassets standard

Category:Uncategorized

The board voted to issue a standard that defines the financial reporting requirements for certain crypto holdings and how the value of those assets should be measured.
Source: JOA News
Read More here – FASB approves cryptoassets standard


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FASAB seeks comment on guidance for management discussion and analysis

Category:Uncategorized

The Federal Accounting Standards Advisory Board is seeking feedback on an exposure draft aimed at updating the guidance for management discussion and analysis (MD&A).
Source: JOA News
Read More here – FASAB seeks comment on guidance for management discussion and analysis