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Emma Slack-Jorgensen
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PCAOB Releases Three Key Resources to Facilitate QC 1000 Implementation
Accounting
The Public Company Accounting Oversight Board (PCAOB) on Oct. 23 released three new resources to help implement QC 1000, A…
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FASB Grants Private Companies Credit Loss Accounting Reprieve
Accounting
The Financial Accounting Standards Board (FASB) took up the Private Company Council’s (PCC) project applying Topic 326,…
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Agencies Are Not Requiring Tax-Exempt Groups to File a Corporate AMT Form for 2023
Taxation
The Treasury Department and the IRS on Oct. 23 granted tax-exempt organizations a filing exception. The agencies said these…
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IRS Announces Tax Inflation Adjustments for 2025
Taxation
The IRS announced on Oct. 22 the yearly inflation adjustments for tax year 2025. Revenue Procedure 2024-40 offers…
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Treasury, IRS Publish Sustainable Aviation Fuel Credit Guidance
Taxation
The Treasury Department and the IRS published Notice 2024-74 for the Sustainable Aviation Fuel (SAF) credit established…
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AICPA and NATP Express Disapproval Over Intuit's Ad Campaign
Taxation
The AICPA and National Association of Tax Professionals (NATP) recently expressed disapproval of Intuit's ad promoting its …
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Regulatory Roundup: October 15-21
Regulatory Roundup
AICPA AICPA Releases Statement Regarding Intuit Ad, Expressing Support for CPA and Tax Practitioner CommunityOct 17, 2024…
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Accountants Prepare Clients for the 'Seismic Shift' of Universal Wallet Reporting’s End
Accounting
Accounting Today reported that cryptocurrency accountants have been helping their clients prepare for what they see as a…
Read More
GASB Issues Guidance Establishing Requirements for Disclosure of Certain Capital Assets
Accounting
The Governmental Accounting Standards Board (GASB) published guidance on Oct. 17 to provide users of government financial…
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