Journal Of Accountancy News

Latest News from Journal Of Accountancy

Cherry Bekaert LLP has become the latest top 25 firm to attract private equity funding, announcing that Parthenon Capital has made a strategic investment that splits the Raleigh, NC-based firm into two parts.
Posted: June 30, 2022, 9:18 pm
Stakeholders can comment on the GASB's draft of a proposal that would require governments to disclose information that could affect their level of services or their ability to meet obligations as they come due.
Posted: June 30, 2022, 6:45 pm
FASB issued an Accounting Standards Update that improves financial reporting for investors and other financial statement users.
Posted: June 30, 2022, 5:52 pm
The report highlights 10 areas of focus for inspections and shares five key reminders aimed at helping auditors as they navigate the current economic landscape.
Posted: June 30, 2022, 5:08 pm
CPAs suggest strategies for helping staff stay productive and connected wherever they are working.
Posted: June 30, 2022, 3:42 pm
FASB announced the addition of three new projects to its technical agenda based on feedback received during its 2021 agenda consultation project.
Posted: June 29, 2022, 9:31 pm
A majority of LGBT+ respondents to a Deloitte survey are more inclined to remain with their current employer because of their inclusion initiatives, although noninclusive behaviors remain a concern.
Posted: June 29, 2022, 7:45 pm
The IRS also has posted general Superfund FAQs and tax rates for some chemical substances subject to the recently reinstated excise tax.
Posted: June 28, 2022, 8:41 pm
CPAs across the U.S. are investing resources in a flourishing $25 billion industry: cannabis. As more states legalize cannabis each year, the AICPA & CIMA Cannabis Industry Conference, Aug. 8–10, shows how you can enter the field.
Posted: June 28, 2022, 5:55 pm
Administrative expenses and claims against estates allowable under Sec. 2053 beyond a three-year grace period would be discounted for current deduction, under proposed rules issued by the IRS.
Posted: June 27, 2022, 8:14 pm
The AICPA has published a set of questions and answers that explains recently released SEC staff guidance regarding the accounting for entities that have obligations to safeguard cryptoassets held for their platform users.
Posted: June 24, 2022, 4:21 pm
Nonresident alien amended returns and those for Puerto Rico residents are added; superseding returns can be designated.
Posted: June 23, 2022, 8:35 pm
New interpretations of noncompliance with laws and regulations (NOCLAR) coincide with an ASB standard regarding prospective auditors’ NOCLAR responsibilities.
Posted: June 23, 2022, 5:09 pm
In her Objectives Report to Congress for fiscal 2023, National Taxpayer Advocate Erin Collins describes steps the IRS can take to improve its return and correspondence processing and telephone service to taxpayers.
Posted: June 22, 2022, 8:28 pm
The PCAOB adopts amendments to its auditing standards to strengthen requirements that apply to audits involving multiple firms.
Posted: June 21, 2022, 9:02 pm

The Tax Adviser News

Latest News from The Tax Adviser

The IRS also has posted general Superfund FAQs and tax rates for some chemical substances subject to the recently reinstated excise tax.
Posted: June 28, 2022, 8:45 pm
Administrative expenses and claims against estates allowable under Sec. 2053 beyond a three-year grace period would be discounted for current deduction, under proposed rules issued by the IRS.
Posted: June 27, 2022, 8:19 pm
Nonresident alien amended returns and those for Puerto Rico residents are added; superseding returns can be designated.
Posted: June 23, 2022, 8:40 pm
In her Objectives Report to Congress for fiscal 2023, National Taxpayer Advocate Erin Collins describes steps the IRS can take to improve its return and correspondence processing and telephone service to taxpayers.
Posted: June 22, 2022, 8:33 pm
By agreeing to hear a Romanian-born businessperson’s appeal, the Supreme Court will address a circuit split over how to stack maximum penalties for multiple nonwillful civil violations for failure to file the FBAR.
Posted: June 21, 2022, 6:07 pm
The IRS deploys more AI-powered phone abilities, enabling taxpayers calling the Service to authenticate their identifies and arrange to pay tax liabilities.
Posted: June 17, 2022, 8:48 pm
Small business owners describe scrambling to comply with varying sales tax compliance rules across a welter of jurisdictions.
Posted: June 15, 2022, 7:23 pm
The US Government Accountability Office’s 25 top to-do items for IRS tax administration focus on service, tax fraud, cybersecurity, information reporting, audits and staffing.
Posted: June 14, 2022, 8:33 pm
Last week’s bump was the third midyear increase in the past 14 years, and it came after members of Congress wrote to the IRS about rising fuel prices.
Posted: June 10, 2022, 8:16 pm
The IRS highlights additional abusive taxpayer arrangements and tactics as its annual “Dirty Dozen” series ends.
Posted: June 10, 2022, 5:10 pm
A document issued Thursday by Treasury offers clarity related to, for example, tax and management consulting services that would not be prohibited by the U.S. sanctions announced last month.
Posted: June 10, 2022, 2:01 am
Acknowledging recent sharp increases in gasoline prices, the IRS announced a rare midyear increase in the standard mileage rate, starting July 1.
Posted: June 9, 2022, 9:56 pm
Emails appearing to come from the Internal Revenue Service or a tax software provider may aim to steal tax return preparers’ account and client information.
Posted: June 9, 2022, 8:36 pm
The IRS’s annual series continues with caveats about fake communications intended to bilk taxpayers out of their tax and financial information.
Posted: June 8, 2022, 9:24 pm
Sketchy operations target tax debtors for offers in compromise, and preparers who remain anonymous on returns generally have something to hide, the IRS says in its ongoing series.
Posted: June 7, 2022, 8:51 pm