Journal Of Accountancy News

Latest News from Journal Of Accountancy

The AICPA issued a new working draft that discusses helpful considerations for broker-dealers implementing FASB’s new revenue recognition standard.
Posted: December 15, 2017, 6:00 pm
The FASAB issued a proposal that’s designed to protect national security information from being disclosed in publicly issued financial reporting by federal agencies.
Posted: December 15, 2017, 4:45 pm
The IRS issued the standard mileage rates for business, medical and moving expenses incurred in 2018.
Posted: December 14, 2017, 10:30 pm
In anticipation of the possible elimination or reduction of the state and local income tax deduction, some are suggesting that taxpayers should prepay their 2018 state taxes in 2017. Here’s why that probably won’t work.
Posted: December 14, 2017, 9:30 pm
William Duhnke will chair the Public Company Accounting Oversight Board, and will be joined by board members J. Robert Brown, Kathleen Hamm, James Kaiser, and Duane DesParte.
Posted: December 12, 2017, 10:25 pm
In this excerpt from the AICPA’s new Guide to Audit Data Analytics, learn how to apply the techniques to a risk assessment procedure.
Posted: December 12, 2017, 7:30 pm
GASB issued separate proposals on capitalization of interest costs and an upcoming guide to implementing recent pronouncements.
Posted: December 8, 2017, 7:30 pm
Economic optimism in a quarterly survey has reached new heights. Find out why US finance decision-makers feel good about the coming year.
Posted: December 7, 2017, 3:15 pm
PCAOB member Jeanette Franzel is calling for audit firms to dedicate additional resources to ensure high-quality audits.
Posted: December 6, 2017, 9:15 pm
A new Center for Audit Quality tool provides audit committees with important considerations related to the new auditor’s report.
Posted: December 6, 2017, 7:20 pm
Recent leaps in artificial intelligence and machine learning might pale compared to what lies just ahead. Here’s how auditors can embrace the changes.
Posted: December 6, 2017, 4:05 pm
FASB superseded guidance for US steamship entities because a 25-year limit has expired, making the guidance irrelevant.
Posted: December 6, 2017, 3:15 pm
Time is running short in the revenue recognition implementation effort as public companies must adopt FASB’s new standard at the beginning of 2018.
Posted: December 5, 2017, 8:20 pm
Changes and proposed changes to FASB’s new lease accounting standard that were announced last week addressed financial statement preparers’ most pressing implementation concerns.
Posted: December 5, 2017, 7:30 pm
Changing business models, cybersecurity, and competition for talent are just a few of the things expected to concern corporate directors in the next year.
Posted: December 5, 2017, 2:00 pm

The Tax Adviser News

Latest News from The Tax Adviser

The version of the tax reform bill passed by the Senate Finance Committee holds several more changes affecting both individuals and businesses.
Posted: November 17, 2017, 8:15 pm
The U.S. House of Representatives passed the Tax Cuts and Jobs Act bill, H.R. 1, by a vote of 227–205.
Posted: November 16, 2017, 9:15 pm
The revised chairman’s mark of the Senate tax reform bill contains many significant changes to the proposed legislation.
Posted: November 15, 2017, 10:45 pm
The committee voted to send an amended version of the Tax Cuts and Jobs tax reform bill to the full House.
Posted: November 10, 2017, 9:36 pm
Differences include tax rates, treatment of various deductions and a delay in the reduction of the corporate tax rate.
Posted: November 10, 2017, 12:25 am
The House’s tax reform bill would make many changes to the taxation of US companies’ foreign subsidiaries.
Posted: November 7, 2017, 5:53 pm
The House tax reform bill contains a large number of proposed changes that would affect businesses.
Posted: November 6, 2017, 5:12 pm
From new tax rates to fewer deductions, credits, and exclusions, the tax reform bill released by the House would have wide-ranging effects on the taxation of individuals.
Posted: November 3, 2017, 8:00 pm
The Tax Cuts and Jobs Act released by the House Ways and Means Committee incorporates many of the provisions listed in the Republicans’ September tax reform framework while providing new details.
Posted: November 3, 2017, 12:00 am
The news especially affects taxpayers in recent disaster areas who have received extensions until Jan. 31, 2018, to file their 2016 returns.
Posted: November 1, 2017, 5:15 pm
The IRS had planned to launch by the end of the month its updated Secure Access site, which will require using a two-factor authentication process.
Posted: October 27, 2017, 7:30 pm
President Donald Trump plans to name David Kautter as acting IRS commissioner when John Koskinen’s term expires in November.
Posted: October 26, 2017, 6:00 pm
The IRS issued the annual revenue procedure that updates the almost 60 tax provisions that must be adjusted for inflation each year.
Posted: October 19, 2017, 8:30 pm
The IRS released the inflation-adjusted amounts that apply to pension and 401(k) plans for 2018.
Posted: October 19, 2017, 6:00 pm
This filing season will be the first time the IRS has enforced this requirement and will not accept tax returns that omit this information.
Posted: October 16, 2017, 4:15 pm