CPA Never under estimate the value
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
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
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
