Journal Of Accountancy News

Latest News from Journal Of Accountancy

Three women CPAs explain how a pilot program that aimed for diversity and inclusion helped transform their midsize accounting firms.
Posted: January 17, 2020, 7:39 pm
FASB took action to clarify the interaction between accounting standards related to equity securities, equity method investments, and certain derivatives.
Posted: January 16, 2020, 8:49 pm
The IRS is expanding its relief from cancellation-of-debt income to students whose federal loans were discharged for certain legal reasons.
Posted: January 16, 2020, 6:20 pm
Powerful institutional investor BlackRock will hold companies accountable for their disclosures of sustainability risks and for the policies that underpin them, Chairman and CEO Larry Fink wrote in an open letter to CEOs.
Posted: January 14, 2020, 10:45 pm
U.S. businesses can use a number of strategies to soften the impact of tariffs on their operations.
Posted: January 10, 2020, 7:00 pm
GASB has selected Joel Black, CPA, partner-in-charge of the audit practice at accounting firm Mauldin & Jenkins LLC in Atlanta, as its next chair.
Posted: January 7, 2020, 8:29 pm
Get insight on implementing the updated accounting rules related to cloud computing implementation costs associated with a service arrangement, which are in effect for public companies now and will be required for all other entities later this year.
Posted: January 6, 2020, 10:43 pm
An SEC proposal is designed to amend rules that indicate auditor independence breaches in situations when no substantial threat to independence exists.
Posted: January 2, 2020, 7:05 pm
On the last day of 2019, the IRS issued the standard mileage rates for 2020 for business, charitable, medical, or moving expense purposes, as well as other deduction amounts.
Posted: January 2, 2020, 5:35 pm
Changes the AICPA is proposing to the CPA Exam Blueprints are designed to update the material tested on the CPA Exam to make sure it continues to represent the core knowledge and skills that newly licensed CPAs need to possess.
Posted: December 23, 2019, 4:48 pm
The IRS issued final regulations providing guidance on tax-favored investments in qualified opportunity zones (QOZs).
Posted: December 20, 2019, 7:21 pm
Adaptive learning self-study programs are accommodated in new standards for continuing professional education providers that have been issued by NASBA and the AICPA.
Posted: December 20, 2019, 3:00 pm
The consolidated appropriations bill passed by Congress makes many changes to retirement plan rules, repeals health care taxes, extends expired tax provisions, and provides tax relief for disaster victims.
Posted: December 19, 2019, 9:22 pm
Richard Jones, a 32-year veteran at EY, will succeed Russell Golden as the Financial Accounting Standards Board’s chair beginning in July.
Posted: December 19, 2019, 9:15 pm
The Fifth Circuit held that the “individual mandate” under Sec. 5000A, which imposes a “shared responsibility payment” on taxpayers who do not obtain health insurance that provides at least minimum essential coverage, is unconstitutional now that the payment amount has been reduced to zero.
Posted: December 19, 2019, 8:44 pm

The Tax Adviser News

Latest News from The Tax Adviser

The IRS is expanding its relief from cancellation-of-debt income to students whose federal loans were discharged for certain legal reasons.
Posted: January 16, 2020, 6:27 pm
On the last day of 2019, the IRS issued the standard mileage rates for 2020 for business, charitable, medical, or moving expense purposes, as well as other deduction amounts.
Posted: January 2, 2020, 5:43 pm
The IRS issued final regulations providing guidance on tax-favored investments in qualified opportunity zones (QOZs).
Posted: December 20, 2019, 7:29 pm
The consolidated appropriations bill passed by Congress makes many changes to retirement plan rules, repeals health care taxes, extends expired tax provisions, and provides tax relief for disaster victims.
Posted: December 19, 2019, 9:50 pm
The Fifth Circuit held that the “individual mandate” under Sec. 5000A, which imposes a “shared responsibility payment” on taxpayers who do not obtain health insurance that provides at least minimum essential coverage, is unconstitutional now that the payment amount has been reduced to zero.
Posted: December 19, 2019, 8:50 pm
FASB issued a standard that is designed to reduce cost and complexity in accounting for income taxes.
Posted: December 18, 2019, 10:37 pm
The IRS issued proposed regulations on the Sec. 162(m) $1 million limit on executive compensation paid by certain publicly held corporations.
Posted: December 17, 2019, 9:28 pm
The IRS officially released final regulations providing guidance on determining foreign tax credits. The regulations include changes necessitated by the law known as the Tax Cuts and Jobs Act.
Posted: December 17, 2019, 5:10 pm
The IRS issued additional rules on the treatment of deductions for charitable contributions in lieu of state and local taxes, an area in which it has already issued final regulations and other guidance.
Posted: December 16, 2019, 6:15 pm
The IRS is postponing the requirement to report partners’ shares of partnership capital on the tax-basis method for 2019 (for partnership tax years beginning in calendar 2019) until 2020 (for partnership tax years that begin on or after Jan. 1, 2020).
Posted: December 10, 2019, 5:44 pm
The IRS issued detailed guidance on the Sec. 59A base-erosion and anti-abuse tax (BEAT), which was added to the Code by the law known as the Tax Cuts and Jobs Act.
Posted: December 3, 2019, 7:33 pm
As it does every year, the IRS extended the due date to furnish certain health care information statements to individual taxpayers to March 2, 2020.
Posted: December 2, 2019, 8:48 pm
The IRS issued updated rules for substantiating the amount of ordinary and necessary business expenses paid or incurred while traveling away from home using the per-diem rates.
Posted: November 26, 2019, 9:32 pm
The IRS issued final regulations that reconcile the current higher exclusion for the estate and gift tax unified credit amount in effect under the law known as the Tax Cuts and Jobs Act with the lower unified credit, which is scheduled to go into effect in 2026, eliminating a possible future clawback of the higher exclusion amount.
Posted: November 25, 2019, 7:15 pm
The IRS updated its rules concerning the use of standard mileage rates and to reflect the current suspension of miscellaneous itemized deductions and moving expense deductions.
Posted: November 15, 2019, 9:13 pm