CPA Never under estimate the value
The IRS issued a notice on regarding the application of the corporate alternative minimum tax to shareholders of CFCs and to affiliated groups of corporations filing consolidated returns.
Source: JOA News
Read More here – Interim guidance provided for the corporate alternative minimum tax
In response to investors, a new Accounting Standards Update will require an increased level of disaggregation of income tax disclosures on an annual basis.
Source: JOA News
Read More here – New FASB standard addresses income tax disclosures
The optional standard mileage rate for business use of a vehicle increased slightly from 2023. The new rate is effective Jan. 1.
Source: Tax News
Read More here – Business standard mileage rate increases for 2024
The optional standard mileage rate for business use of a vehicle increased slightly from 2023. The new rate is effective Jan. 1.
Source: JOA News
Read More here – Business standard mileage rate increases for 2024
As states propose changes to CPA licensure requirements, the AICPA is providing crucial mobility guidance for CPAs and firms. Read the overview to understand the issue and review the checklist to see how to continue to practice successfully and remain in compliance should changes take effect.
Source: JOA News
Read More here – AICPA issues guidance on potential mobility changes
Doug O’Donnell, the current deputy commissioner for services and enforcement and the acting IRS commissioner from November 2022 to March 2023, will fill the position.
Source: Tax News
Read More here – IRS reorganizes leadership structure with 1 deputy commissioner
Doug O’Donnell, the current deputy commissioner for services and enforcement and the acting IRS commissioner from November 2022 to March 2023, will fill the position.
Source: JOA News
Read More here – IRS reorganizes leadership structure with 1 deputy commissioner
The Accounting Standards Update requires entities to report on certain fungible assets at fair value, with changes in fair value recognized in net income.
Source: JOA News
Read More here – FASB issues new cryptoassets standard
The comment letter, in response to the exposure draft of ISSA 5000, shows support for the global standard while suggesting revisions to ensure it can be “consistently interpreted and applied.” The AICPA’s Auditing Standards Board is considering related changes to its attestation standards.
Source: JOA News
Read More here – AICPA comments on proposed standard for sustainability assurance
The committee’s actions include a new definition of publicly traded entity and a revised definition of public interest entity. The changes will have two-tiered effective dates.
Source: JOA News
Read More here – PEEC releases new ethics guidance related to public interest entities
