CPA Never under estimate the value
The IRS said that crowdfunding distributions may be included in the gross income of the person receiving them, depending on the facts and circumstances of the distributions.
Source: JOA News
Read More here – Fact sheet addresses taxability of crowdfunding distributions
The proposed revisions relate to monitoring challenges and independence threats related to an account owner’s direct financial interest in Sec. 529 plans.
Source: JOA News
Read More here – PEEC releases ethics exposure draft for Sec. 529 plans
Treasury’s Financial Crimes Enforcement Network estimates the rule will require about 200 previously unaffected small RIAs to participate in FinCEN’s anti-money-laundering and terrorism programs. The number of affected RIAs is lower than the proposed rule’s estimate.
Source: JOA News
Read More here – FinCEN final rule lessens impact on small registered investment advisers
A tech-savvy vision will help accountants use their skills to generate data, analyze problems, and instill order that begets trust.
Source: JOA News
Read More here – How CPAs can bring order to a disorderly world
A noteworthy number of women landed CFO roles in the first half of 2024, but things headed in the right direction for all prospective leaders around the world seeking a shot at the highly coveted position.
Source: JOA News
Read More here – CFO opportunities on the rise: Key trends for aspiring leaders
The IRS provided guidance for sponsors of 401(k) and similar retirement plans that provide matching contributions based on eligible student loan payments made by participating employees.
Source: JOA News
Read More here – Employers now have interim guidance on student loans and retirement plans
The Coalition Against Scam and Scheme Threats (CASST), convened at the request of IRS Commissioner Danny Werfel, will work toward having new protections in place by the 2025 filing season.
Source: JOA News
Read More here – AICPA joins coalition to fight intensifying tax scams, schemes
The IRS said Thursday it will reopen its voluntary disclosure program to allow businesses to correct questionable claims for the pandemic-era employee retention credit.
Source: JOA News
Read More here – Businesses with dubious ERC claims have another chance with the IRS
A letter asks the Department of Homeland Security to add accounting to its STEM Designated Degree Program List in an effort to bolster talent acquisition.
Source: JOA News
Read More here – AICPA, state CPA societies nominate accounting for STEM designation
A shift away from the traditional view of what it means to retire in America means that innovative approaches can lead to better outcomes for everyone.
Source: JOA News
Read More here – Retirement: How to respond to the changing definition of the word
