Monthly Archives: December 2024

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CPA executives upbeat about domestic economy in 2025, survey says

Category:Uncategorized

Optimism about the U.S. economy rebounded significantly among finance decision-makers, according to a new AICPA & CIMA survey. Revenue and profit forecasts are up, along with expansion and hiring plans.
Source: JOA News
Read More here – CPA executives upbeat about domestic economy in 2025, survey says


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Nationwide injunction halts BOI reporting for now

Category:Uncategorized

Finding the Corporate Transparency Act “likely unconstitutional,” a federal district court prohibited its enforcement and the enforcement of its accompanying regulations.
Source: JOA News
Read More here – Nationwide injunction halts BOI reporting for now


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More return-to-office mandates? Report looks beyond the headlines

Category:Uncategorized

While some large companies have recently made news by making their employees return to the office, another trend is making bigger gains across the employment landscape.
Source: JOA News
Read More here – More return-to-office mandates? Report looks beyond the headlines


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BOI: Businesses cite procrastination, lack of clarity for not filing

Category:Uncategorized

Nearly three in eight businesses in a poll said they were waiting until the end of the year to file beneficial ownership information reports.
Source: JOA News
Read More here – BOI: Businesses cite procrastination, lack of clarity for not filing


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FASB proposes guidance on measurement of credit losses

Category:Uncategorized

An Accounting Standards Update focuses on the measurement of credit losses for accounts receivable and contract assets for private companies and certain not-for-profit entities.
Source: JOA News
Read More here – FASB proposes guidance on measurement of credit losses


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Regs. address partnership recourse liabilities, related-party rules

Category:Uncategorized

The IRS issued regulations that finalize proposed regulations issued in 2013. The guidance is focused on when and to what extent a partner is treated as bearing the economic risk of loss and the special rules applying to a partner related to another partner.
Source: JOA News
Read More here – Regs. address partnership recourse liabilities, related-party rules