Accounting Today

JUNE 18, 2025

The House-passed bill raises the cap for federal deductions for state and local taxes to $40,000 from $10,000. The Senate draft version makes permanent three business tax breaks and that could boost the economic growth effects. All rights reserved.

Technology 45

Technology Tax tax planning tax preparation 45

CPA Practice

JUNE 24, 2024

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.

accounting firms 124

accounting firms cpa firm Account accounted 124

Accounting Today

APRIL 15, 2024

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.

tax planning 83

tax planning corporation tax Tax business tax 83

CPA Practice

JULY 8, 2024

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. Ryan Bixenman is the is the tax team leader of the Special Purpose Acquisition Company Services Team.

Delaware 101

Delaware audit Entertainment Healthcare 101

Basis 365

FEBRUARY 20, 2023

A proper balance sheet can increase your chances of securing the funding you need to grow your business. Complying with Accounting Standards and Tax Regulations An accurate balance sheet is also vital for complying with accounting standards and tax regulations.

financial statements 52

financial statements accounting and finance accounting standards accounting principles 52

ThomsonReuters

MAY 19, 2021

So will you apply modification accounting for lease concessions that won’t reasonably affect the entire lease term? This isn’t always the case when many are anticipating that the concessions won’t be long-term, but rather only temporary relief.

Account 98

Account accounted accountant accounting and finance 98

Cherry Bekaert

MAY 3, 2024

The planning is a highly complex process but can be achieved with the proper planning and international tax structuring, as well as the right tax professionals. Contact Us Related Global Business Tax Services Thought Leadership Podcast: Inbound U.S.

Tax 104

Tax income tax Non-Profits corporation tax 104

Withum

OCTOBER 11, 2023

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.

income tax 80

income tax accounting standards Tax accounting and finance 80

ThomsonReuters

DECEMBER 11, 2023

Accounting for tax equity investments Implementing ASU 2023-02 Accounting professionals with equity investor clients who are involved with projects to receive income tax credits and other income tax benefits need to have a clear understanding of the proportional amortization method (PAM), especially in light of recent changes.

income tax 52

income tax accounting standards Non-Profits accounting and finance 52

ThomsonReuters

JANUARY 18, 2024

As outlined by Garcia , for CPAs in financial accounting, some of the top responsibilities to clients include: Providing timely and trusted answers Staying on top of emerging regulatory activities Helping clients implement and consistently apply high-quality accounting standards Partnering when clients need help navigating certain situations.

Account 59

Account accounted accountant tax preparation 59

ThomsonReuters

DECEMBER 19, 2023

Let’s take a deeper look at the ESG reporting and compliance services accountants can offer to their clients: Assist clients in the compilation and verification of ESG data for reporting purposes. Identify ESG-related tax incentives. Assess tax implications of ESG investments.

Tax 52

Tax Account accounted accountant 52

ThomsonReuters

OCTOBER 5, 2023

Amortization is usually conducted on a straight-line basis over a 10-year period, as directed by the accounting standards. For instance, businesses must check for goodwill impairment , which can be triggered by both internal and external factors.

Account 52

Account accounted accountant Expense Amortization 52

DMCL

APRIL 11, 2022

The budget proposes elimination of some impacts of the new IFRS 17, a new international accounting standard applicable to insurance contracts that would allow insurance companies to defer recognition of income under both generally accepted accounting principles and for tax purposes.

Non-Profits 52

Non-Profits Real Estate Tax Transportation 52

Going Concern

FEBRUARY 2, 2024

A part-time employee at Salling Madeley, PLLC, a full-service accounting firm serving clients throughout the Austin area, received a reminder to renew her password. In the middle of a busy tax season, it would only take a few seconds—and just one click. The email looked legitimate and hit all the right notes. So, she clicked.

audit 122

audit Tax Texas Massachusetts 122

Going Concern

DECEMBER 2, 2022

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 ].

public accounting 98

public accounting audit Account accounted 98