Cherry Bekaert

FEBRUARY 12, 2024

On December 14, 2023, the Financial Accounting Standards Board (FASB) issued final guidance concerning income tax disclosures, labeled Accounting Standards Update No. Early adoption is permissible for unaudited annual financial statements. 2023-09 (ASU 2023-09).

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CPA Practice

SEPTEMBER 7, 2023

The Financial Accounting Standards Board (FASB) unanimously approved new rules on Sept. The accounting rules will be mandatory for all companies—public and private—for fiscal years beginning after Dec. This means 2025 adoption for calendar year-end companies. 15, 2024, including interim periods within those years.

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Withum

SEPTEMBER 7, 2023

Auditors and Accountants will finally have clear guidance on the treatment of digital assets. The Financial Accounting Standards Board (“FASB”) approved an Accounting Standards Update (“ASU”) that was initially released by the FASB as a draft in March 2023 in relation to Digital Assets.

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Going Concern

DECEMBER 22, 2023

Talent The Race Is On to Hire Interns for 2025. PwC posted its summer 2025 internships for areas including tax and consulting in September, the earliest the firm has ever advertised internship positions, said Rod Adams, who leads hiring for the U.S. Have a happy, safe, and restful holiday. Love you, mean it. and Mexico. .

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CPA Practice

AUGUST 23, 2023

The Financial Accounting Standards Board (FASB) issued a new standard on Wednesday that addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. 1, 2025, and early adoption is permitted.

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Going Concern

MARCH 22, 2024

Day Named Technical Director of the Financial Accounting Standards Board [ FASB ] The Financial Accounting Standards Board (FASB) on March 20 announced the appointment of Jackson M. Movers and Shakers Jackson M. Day to the role of director of technical activities.

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Withum

OCTOBER 11, 2023

The Act delays the IRC §174 R&E capitalization requirement until the taxable year starting after December 31, 2025. And even though the Act would only extend §174 immediate expensing through 2025, it gives companies a longer runway to plan accordingly. To learn more about the Build It In America Act, click here.

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Cherry Bekaert

OCTOBER 25, 2023

The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

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Going Concern

APRIL 21, 2023

In 2020, KPMG announced plans to increase the overall representation of Black and Latinx employees by 50% in 2025. 400 NYC public school students will have the opportunity to enroll in Outlier.org’s highly regarded Intro to Financial Accounting college course. 2023 KPMG U.S.

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ThomsonReuters

OCTOBER 12, 2023

For the tax year 2024 (the tax return filed in 2025), the foreign earned income exclusion amount is $126,500. Depending on the type of income and your specific circumstances, you may use different forms and reporting methods. One essential reporting requirement is the Foreign Bank Account Report (FBAR) , also known as FinCEN Form 114.

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PYMNTS

AUGUST 29, 2018

But as Brett Beranek, director of security strategy for Nuance, noted in an interview , cybercriminals can be counted on to make more than minimal efforts when they are going after consumer data or access to their financial accounts.

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Cherry Bekaert

FEBRUARY 12, 2024

The Financial Accounting Standards Board (FASB) released final guidance regarding income tax disclosures on December 14, 2023. Accounting Standards Update No. For entities other than public business entities, the guidance is effective for annual periods beginning after December 15, 2025.

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Cherry Bekaert

MAY 9, 2024

Several years ago, the Financial Accounting Standards Board (FASB) issued what is now known as FASB Topic 275, Risks and Uncertainties , which requires certain disclosures about the nature of operations, the use of estimates in the preparation of the financial statements, and significant concentrations.

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Cherry Bekaert

FEBRUARY 8, 2023

The Financial Accounting Standards Board (FASB) issued only six new Accounting Standard Updates (ASUs) and the Government Accounting Standards Board (GASB) issued only three new GASB Statements in 2022. Standard setters were relatively inactive this past year.

Non-Profits 40

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Cherry Bekaert

JANUARY 29, 2024

The Financial Accounting Standards Board (FASB) issued nine Accounting Standard Updates (ASUs), and the Government Accounting Standards Board (GASB) issued only one new GASB Statement in 2023. The latest issue of the Rundown features a summary of the new standards issued in the fourth quarter 2023.

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