Baruch Lev

JULY 11, 2021

The Wall Street Journal reported (July 1, 2021) that the International Accounting Standards Board (IASB), the accounting body that sets the financial reporting rules of public companies in more than 140 jurisdictions ? So, accounting standard-setters have their work cut out for them. but not in the U.S. —

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CPA Practice

SEPTEMBER 17, 2024

By Girard Miller Governing (TNS) To help pay for middle-class tax cuts in 2017, Congress put a $10,000 limit on itemized deductions for state and local taxes, known as the “SALT” deduction. Yet when it was enacted, this move prompted more vocal complaints than almost any other tax law provision.

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Tax income tax accounting and finance Government 52

Cherry Bekaert

MARCH 6, 2024

Offering Simple Solutions to Complex Requirements Growing businesses are challenged when complying with financial statement tax reporting requirements. At Cherry Bekaert, we tailor our solution to your unique situation in order to best support your finance team.

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Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

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income tax Tax accounting standards accounting and finance 80

inDinero Accounting

JUNE 24, 2021

At inDinero, we believe accounting supports business. If a business owner doesn’t understand an accounting term , we don’t use another accounting term to explain it. We specialize in accountants who speak business to business owners and CEOs. Sometimes there’s just no avoiding accounting speak.

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ThomsonReuters

FEBRUARY 1, 2024

Jump to: What are the GAAP accounting rules? GAAP rules for outstanding checks Staying up to date with GAAP standards Accurately tracking and presenting financial information can be complex, even for smaller organizations. Enter Generally Accepted Accounting Principles, more commonly known as GAAP. Let’s take a closer look.

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Non-Profits accounting standards Maine accounting and finance 52

Withum

FEBRUARY 1, 2023

Every year the top dealership accounting firms and CFOs converge to discuss the latest hot topics as they relate to dealerships and dealership accounting issues. In order to use the LIFO method, a taxpayer must file Form 970 with their tax return to make the election.

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Cherry Bekaert

OCTOBER 29, 2024

The Financial Accounting Standards Board (FASB) did not issue any new Accounting Standard Updates (ASUs) in the third quarter of 2024; however, we are expecting a number to be issued in the fourth quarter. The Government Accounting Standards Board (GASB) issued one new GASB Statement in the third quarter of 2024.

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CPA Practice

MAY 16, 2024

Transforming tax data connectivity In order to meet the OECD Pillar Two agenda items, entities may have to overhaul their tax data management and consolidation processes. Existing tax data sources will only hold some—not all—of the required data points for compliance.

Tax 69

Tax accounting and finance Finance income tax 69

CPA Practice

DECEMBER 3, 2024

But this year, many state budget offices are scraping for revenues in the afterwash of the so-called COVID-19 revenue wave , whereby 2021’s federal stimulus payments to households jacked up sales tax revenues—which politicians in red and blue states alike tapped to finance unsustainable tax cuts.

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CPA Practice

OCTOBER 8, 2024

Eligibility should be focused only on incorporated companies with independent director majorities (not closely held companies , private partnerships or sole proprietorships) that must eventually pay federal corporate income taxes once they become profitable.

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Going Concern

DECEMBER 23, 2022

We will be out of office next week but have scheduled some things to run while we’re gone for those individuals who are severely addicted to accounting shitposts and simply cannot go without. The average British worker’s pay in 2023 is expected to fall back to 2006 levels once inflation is taken into account, according to PwC.

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