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IESBA sets ethics standards for corporate tax planning

Accounting Today

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

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FASB Sets Out Plan to Improve Income Tax Disclosures

CPA Practice

The Financial Accounting Standards Board released a proposed Accounting Standards Update (ASU) on Wednesday that addresses requests from investors for improved income tax disclosures.

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FASB Issues Standard That Enhances Income Tax Disclosures

CPA Practice

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions.

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How to Use ChatGPT to Create Forms and Templates for Accounting Firms

CPA Practice

Internal Audit Checklist: For conducting audits within the firm to ensure compliance with accounting standards and regulations. Financial Statement Template: To prepare standardized financial statements for clients, such as balance sheets, income statements, and cash flow statements.

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Accounting Isn’t a Stand-Alone Activity

SMBAccountant

An owner wants to do some tax planning. While it is absolutely possible that a member of the accounting staff could participate in some sort of fraud, management’s involvement is imperative. Enron birthed a whole new set of accounting standards called the Sarbanes-Oxley Act (SOX). Here's a few examples: 1.

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Professionals on the Move – July 2024

CPA Practice

Kowalsky serves on the Climate Task Force of the Federal Accounting Standards Advisory Board (FASAB) and sits on the Board of Directors of a cryptocurrency, digital assets, and blockchain 501(c)(3) non-profit which he co-founded. Sean Urbany is a tax partner who focuses on high-net-worth families and their unique tax planning needs.

Delaware 101
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How to Plan for Global Tax Minimization

Cherry Bekaert

Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. Many countries do not have a tax treaty with the U.S.,

Tax 104