Journal Of Accountancy News

Latest News from Journal Of Accountancy

The IRS issued initial guidance on the application of Sec. 83(i), which allows certain employees to defer recognition of income attributable to the receipt or vesting of qualified stock.
Posted: December 7, 2018, 9:56 pm
Inspections of registered audit firms will focus on systems of quality control, independence issues, and recurring deficiencies.
Posted: December 7, 2018, 2:51 pm
Optimism in the domestic and global economies slipped this quarter, with concerns about trade disputes, tariffs, and worker shortages voiced in a quarterly survey of U.S. finance executives.
Posted: December 7, 2018, 5:00 am
The renewal of a mutual recognition agreement gives qualified U.S. CPAs eligibility to obtain the CA ANZ credential, which is a pathway to obtaining audit rights in Australia and New Zealand.
Posted: December 6, 2018, 9:49 pm
Smaller organizations with limited staff may have difficulty implementing FASB’s new standard on presentation of not-for-profit financial statements. These best practices can make the work easier.
Posted: December 5, 2018, 2:15 pm
The AICPA Auditing Standards Board has voted to issue a new standard for employee benefit plan audits.
Posted: December 3, 2018, 6:00 pm
The IRS announced procedures for taxpayers to change their accounting method to comply with the amendment of Sec. 451(b) enacted by the tax law known as the Tax Cuts and Jobs Act.
Posted: November 30, 2018, 10:00 pm
The IRS issued proposed regulations on the determination of the foreign tax credit after the changes in the law made by the Tax Cuts and Jobs Act.
Posted: November 29, 2018, 8:00 pm
Here are some things that company finance departments may wish to keep in mind as the lease accounting standard takes effect at the beginning of next year for public companies.
Posted: November 29, 2018, 6:45 pm
Possible changes to the CPA licensure requirements are being explored by a working group formed by the National Association of State Boards of Accountancy and the AICPA.
Posted: November 29, 2018, 12:00 pm
Eighty percent of Americans would choose a job with benefits over one with no benefits that paid 30% more, according to a Harris Poll survey on behalf of the AICPA.
Posted: November 28, 2018, 12:00 pm
The IRS issued a notice providing interim guidance for the 2019 calendar year on income tax withholding from wages and from retirement and annuity distributions.
Posted: November 27, 2018, 10:10 pm
The IRS issued proposed regulations on the business interest expense limitation in Sec. 163(j), which was amended by the law known as the Tax Cuts and Jobs Act.
Posted: November 27, 2018, 8:15 pm
Conducting scenario planning through analytics can prepare companies and employees to invest their resources wisely and succeed in the jobs of the future.
Posted: November 27, 2018, 8:00 pm
GASB issued a proposal that would provide implementation guidance for certain state and local government accounting standards.
Posted: November 27, 2018, 7:15 pm

The Tax Adviser News

Latest News from The Tax Adviser

The IRS issued initial guidance on the application of Sec. 83(i), which allows certain employees to defer recognition of income attributable to the receipt or vesting of qualified stock.
Posted: December 7, 2018, 10:01 pm
The IRS announced procedures for taxpayers to change their accounting method to comply with the amendment of Sec. 451(b) enacted by the tax law known as the Tax Cuts and Jobs Act.
Posted: November 30, 2018, 10:05 pm
The IRS issued proposed regulations on the determination of the foreign tax credit after the changes in the law made by the Tax Cuts and Jobs Act.
Posted: November 29, 2018, 8:05 pm
The IRS issued a notice providing interim guidance for the 2019 calendar year on income tax withholding from wages and from retirement and annuity distributions.
Posted: November 27, 2018, 10:30 pm
The IRS issued proposed regulations on the business interest expense limitation in Sec. 163(j), which was amended by the law known as the Tax Cuts and Jobs Act.
Posted: November 27, 2018, 8:30 pm
The IRS addressed issues and made conforming revisions arising from the temporary increase in basic exclusion amount for estate and gift tax enacted by legislation known as the Tax Cuts and Jobs Act.
Posted: November 21, 2018, 6:40 pm
The IRS issued final regulations on the use of negative adjustments under Sec. 263A’s simplified methods for determining costs that must be capitalized.
Posted: November 19, 2018, 7:35 pm
The IRS issued the 2019 annual inflation adjustments for many tax provisions as well as the 2019 tax rate tables for individuals and estates and trusts.
Posted: November 15, 2018, 8:45 pm
Veteran tax attorney Charles Rettig gives his first public address as new IRS commissioner, speaking to CPAs Tuesday at the AICPA National Tax Conference in Washington.
Posted: November 13, 2018, 8:15 pm
The Social Security Administration said that the amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax for 2019 will be $132,900, increased from 2018’s maximum of $128,400.
Posted: November 6, 2018, 9:00 pm
The IRS issued final regulations on the penalty that applies to tax return preparers who fail to exercise due diligence in preparing returns for taxpayers who are claiming head-of-household filing status, the earned income tax credit, the child tax credit, the additional child tax credit, or the American opportunity tax credit.
Posted: November 6, 2018, 6:05 pm
The IRS updated figures for retirement plan contribution limits for 2019.
Posted: November 1, 2018, 7:10 pm
The IRS issued proposed regulations providing that Sec. 956, which requires an income inclusion by U.S. shareholders of controlled foreign corporations (CFCs) that invest in U.S. property, should not apply to corporate shareholders.
Posted: October 31, 2018, 8:45 pm
The Treasury, Labor, and Health and Human Services departments proposed rules for health reimbursement arrangements, which can be used in coordination with individual health insurance if certain requirements are met.
Posted: October 25, 2018, 4:55 pm
The Association of International Certified Professional Accountants released a policy paper urging global solutions to the tax treatment of transactions in the digital economy, emphasizing its own Guiding Principles of Good Tax Policy.
Posted: October 23, 2018, 7:00 pm