ThomsonReuters

APRIL 18, 2023

They paint a picture of the company’s financial position and business performance and help management, investors, and other stakeholders make more informed economic decisions. Unfortunately, despite how carefully statements may be prepared, financial reporting errors can happen. When there are errors in financial reporting, U.S.

financial statements 52

financial statements accounting standards accounting and finance CPA 52

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.

income tax 80

income tax Tax accounting standards accounting and finance 80

ThomsonReuters

JANUARY 18, 2024

Types of accountants and niche practice areas There are, of course, various types of accountant jobs and areas of specialty. The goal: to ensure that financial information is consistently and accurately reported.  However, there are several important developments to be aware of as the industry continues to evolve.

Account 59

Account accounted accountant tax preparation 59

Shay CPA

OCTOBER 25, 2023

Under Accounting Standards Update 2017-11 from the Financial Accounting Standards Board (FASB), you don’t necessarily always need to classify financial instruments with down round features as liabilities. Things can get complicated when it comes to recording shares with down round protection on your books.

Tax 52

Tax Account accounted accountant 52

Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

tax preparation 98

tax preparation CPA Illinois payroll tax 98