Remove accounting standards Remove financial accounting Remove tax services
article thumbnail

ASU 2023-09: FASB’s New Income Tax Disclosures for Private Entities

Cherry Bekaert

On December 14, 2023, the Financial Accounting Standards Board (FASB) issued final guidance concerning income tax disclosures, labeled Accounting Standards Update No. For businesses surpassing specified quantitative thresholds, further disaggregation by taxing jurisdictions may be required.

article thumbnail

ASU 2023-09: New FASB Rule Enhances Income Tax Disclosures for Public Companies

Cherry Bekaert

The Financial Accounting Standards Board (FASB) released final guidance regarding income tax disclosures on December 14, 2023. Accounting Standards Update No. Business entities may be required to further disaggregate information by taxing jurisdictions when quantitative thresholds are exceeded.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What are the best tax research sources?

ThomsonReuters

This includes, but is not limited to: Internal Revenue Code Revenue Rulings Financial Accounting Standards Board (FASB) U.S. Tax Court Supreme Court Circuit Court of Appeals Tax Treaties Treasury Regulations What are the secondary sources of tax law?

Tax 59
article thumbnail

Additional IRS Guidance Surrounding 174 R&E Capitalization Requirements

Withum

Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. In addition, the IRS requested comments for additional examples of costs that should not be considered software development. This article was originally published by Lynn Mucenski Keck in Forbes on October 2, 2023.

article thumbnail

Friday Footnotes: Opinions!; EY’s Blockchain Aspirations; KPMG Junior Reprimanded | 9.30.22

Going Concern

Known for their high-end tax services, TPC is especially strong in corporate tax, serving public and private enterprises. This complements Baker Tilly’s strong corporate tax talent. Larger companies tend to have more flexibility for better pay, benefits and career growth, Wolfson said.

article thumbnail

Friday Footnotes: Why People Leave Public Accounting; Audit Workloads Up; Terrorist Clients (Literally) | 12.2.22

Going Concern

Choi Jin Hyuk has reportedly been offered the role of a senior manager at the firm who has been working as an accountant for 12 years. FASB takes step toward clarifying lease accounting [ CFO Dive ]. This one is a doozy: A Nevada man was sentenced Nov. Umoren used that business to engage in two separate fraud schemes.