Journal Of Accountancy News

Latest News from Journal Of Accountancy

The Securities and Exchange Commission cautioned public companies to be on the lookout for a class of cyber-related fraud called “business email compromise.”
Posted: October 16, 2018, 6:00 pm
The Federal Accounting Standards Advisory Board (FASAB) is asking for public comment on a proposal to clarify the implementation of materiality concepts in the issuance of federal financial statements.
Posted: October 16, 2018, 3:00 pm
CPA Exam questions must adhere to Blueprint topics and skill levels while avoiding words and ideas that could distract or confuse the reader.
Posted: October 15, 2018, 4:00 pm
The IRS is proposing to remove regulations on advance payments and long-term contracts to reflect amendments to Sec. 451 included in the law known as the Tax Cuts and Jobs Act.
Posted: October 12, 2018, 8:30 pm
A newly released international auditing standard for auditing accounting estimates and related disclosures is designed to help auditors keep pace with changes in accounting standards for loan provisions and insurance contracts.
Posted: October 8, 2018, 9:45 pm
The IRS issued guidance on the deductibility of meal and entertainment expenses after the modification of Sec. 274 by the TCJA.
Posted: October 3, 2018, 6:38 pm
GASB issued separate proposals that are designed to deliver targeted improvements to the financial reporting model and advance new concepts to guide the board in developing standards on recognition in state and local government financial statements.
Posted: September 28, 2018, 8:00 pm
The IRS issued its annual update of the special per-diem rates for business travel away from home from Oct. 1, 2018, through Sept. 30, 2019.
Posted: September 26, 2018, 9:00 pm
The IRS released guidance on the new Sec. 45S tax credit for employers that provide paid medical and family leave.
Posted: September 24, 2018, 8:34 pm
North American CFOs are dealing with rapid technology changes and the need to retrain workers in the quest to continue finance transformation.
Posted: September 21, 2018, 9:30 pm
The Securities and Exchange Commission proposed an amendment that would correct an error published in 2013 in the exemption provisions in the broker-dealer annual reporting rule.
Posted: September 20, 2018, 8:00 pm
See how much you know about the news (or catch up on recent reports) with the quiz.
Posted: September 20, 2018, 11:00 am
Investors continue to show a high degree of confidence that public company auditors are looking out for them, according to a new survey.
Posted: September 18, 2018, 11:00 am
The IRS announced that it is extending tax deadlines starting Sept. 7, 2018, until Jan. 31, 2019, for eight counties in North Carolina.
Posted: September 17, 2018, 5:15 pm
Natural disasters such as Hurricane Florence provide cybercriminals with an opportunity to cause further misery for victims and businesses that already are under siege.
Posted: September 14, 2018, 6:45 pm

The Tax Adviser News

Latest News from The Tax Adviser

The IRS is proposing to remove regulations on advance payments and long-term contracts to reflect amendments to Sec. 451 included in the law known as the Tax Cuts and Jobs Act.
Posted: October 12, 2018, 8:30 pm
The IRS issued guidance on the deductibility of meal and entertainment expenses after the modification of Sec. 274 by the TCJA.
Posted: October 3, 2018, 6:45 pm
Charles Rettig was sworn in as the 49th commissioner of the IRS by Treasury Secretary Steven Mnuchin.
Posted: October 2, 2018, 3:00 pm
The IRS issued its annual update of the special per-diem rates for business travel away from home from Oct. 1, 2018, through Sept. 30, 2019.
Posted: September 26, 2018, 9:00 pm
The IRS released guidance on the new Sec. 45S tax credit for employers that provide paid medical and family leave.
Posted: September 24, 2018, 8:45 pm
The IRS announced on Saturday that it is extending tax deadlines starting Sept. 7, 2018, until Jan. 31, 2019, for eight counties in North Carolina.
Posted: September 17, 2018, 5:45 pm
The IRS issued proposed regulations implementing Sec. 951A’s global intangible low-taxed income provision, which requires a US shareholder of a controlled foreign corporation to include this income in the shareholder’s gross income.
Posted: September 14, 2018, 4:45 pm
The IRS issued guidance on how it intends to interpret the exemption amount in tax years 2018 through 2025 in determining who is a qualifying relative for purposes of the various Code provisions that refer to the definition of a dependent in Sec. 152.
Posted: August 28, 2018, 10:30 pm
Here is what practitioners need to know about the IRS’s proposed rules that would curb the deductibility of charitable contributions that qualify for state and local tax credits.
Posted: August 24, 2018, 4:15 pm
The IRS issued guidance regarding amended Sec. 162(m), which limits the allowable deduction for remuneration paid by any publicly held corporation to a covered employee to $1 million.
Posted: August 22, 2018, 5:00 pm
The Court of Appeals for the D.C. Circuit held that the AICPA had standing to challenge the IRS’s Annual Filing Season Program for unenrolled tax preparers but further held that the program did not violate the Administrative Procedure Act.
Posted: August 17, 2018, 3:45 pm
The IRS issued guidance on the new Sec. 199A deduction for qualified business income in the form of proposed regulations and a separate notice on how to calculate W-2 wages for those purposes.
Posted: August 8, 2018, 9:30 pm
The IRS finalized proposed regulations under Sec. 6223 on the procedures for designating a partnership representative and the authority of the partnership representative under the centralized partnership audit regime.
Posted: August 7, 2018, 10:15 pm
The order announcing the withdrawal says it is being done “to allow time for the reconstituted panel to confer on this appeal.”
Posted: August 7, 2018, 9:15 pm
The IRS issued proposed regulations providing guidance on the new tax law’s amendments to Sec. 168(k), which increased bonus depreciation for qualifying property from 50% to 100%, generally effective for property acquired and placed in service after Sept. 27, 2017.
Posted: August 7, 2018, 12:45 am