Monthly Archives: October 2024

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How firms can score the right talent mix

Category:Uncategorized

Want to build an employee roster that hits all the right notes? These 3 tips are key.
Source: JOA News
Read More here – How firms can score the right talent mix


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Public sector talent shortage: Unique challenges require unique solutions

Category:Uncategorized

Serious concerns facing accounting in the government space can be solved only by a multistakeholder commitment to improved conditions, an AICPA/NASACT report finds.
Source: JOA News
Read More here – Public sector talent shortage: Unique challenges require unique solutions


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Mark Koziel to become CEO of the Association of International Certified Professional Accountants

Category:Uncategorized

Mark Koziel, CPA, CGMA, has been named as the next CEO for the Association of International Certified Professional Accountants. Koziel will begin the role in January 2025. He currently leads Allinial Global, an association of independent accounting and advisory firms with $6 billion in collective revenue.
Source: JOA News
Read More here – Mark Koziel to become CEO of the Association of International Certified Professional Accountants


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IRS processing 400K ERC claims with about $10 billion in eligibility

Category:Uncategorized

Commissioner Danny Werfel says the IRS has made “substantial progress” in separating eligible claims from ineligible ones.
Source: JOA News
Read More here – IRS processing 400K ERC claims with about billion in eligibility


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FinCEN offers storm and terrorist attack relief for FBAR filings

Category:Uncategorized

The Financial Crimes Enforcement Network extended filing deadlines for reports of foreign bank and financial accounts (FBAR) for people in federally declared disaster areas of five storms. It also is delaying the filing deadline for people affected by terrorist attacks in Israel.
Source: JOA News
Read More here – FinCEN offers storm and terrorist attack relief for FBAR filings


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Social Security wage base announced for 2025

Category:Uncategorized

The Social Security Administration announced an increased maximum amount of wages subject to Social Security tax in 2025. The cost-of-living adjustment for Social Security benefits for 2024 is slightly lower than last year’s COLA.
Source: JOA News
Read More here – Social Security wage base announced for 2025


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Intangible property repatriation rules finalized

Category:Uncategorized

The regulations terminate the continued application of the Sec. 367(d) annual inclusion in certain cases when intangible property is repatriated to the United States after previously being transferred to a foreign corporation.
Source: JOA News
Read More here – Intangible property repatriation rules finalized


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TIGTA says IRS should review $42 billion in ERC claims

Category:Uncategorized

The Treasury Inspector General for Tax Administration estimated that a change in policy for pre-refund examinations resulted in payment of $2 billion in erroneous employee retention credit claims.
Source: JOA News
Read More here – TIGTA says IRS should review billion in ERC claims


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AI promises more efficiency but won’t replace auditors

Category:Uncategorized

The 2024 BDO Audit Innovation Survey found that 54% of leaders expect their audit firm to use artificial intelligence and other advanced technologies to enhance the audit experience, but the human element is irreplaceable.
Source: JOA News
Read More here – AI promises more efficiency but won’t replace auditors


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Final regs. target syndicated conservation easement transactions

Category:Uncategorized

The IRS issued the final regulations identifying these abusive transactions and substantially similar ones as listed transactions that must be reported to the agency.
Source: JOA News
Read More here – Final regs. target syndicated conservation easement transactions