ThomsonReuters

APRIL 18, 2023

accounting standards require prior statements to be corrected and the corrections to be disclosed. The CPA will judge the information based on how well it complies with accounting standards. What is a financial statement restatement? When there are errors in financial reporting, U.S.

financial statements 52

financial statements accounting standards accounting and finance CPA 52

ThomsonReuters

DECEMBER 19, 2023

Accountants play a critical role in helping their clients navigate ESG tax credits and green taxes. That’s why it’s important to understand the complexities of these initiatives and how making eco-friendly choices can maximize tax savings. Access to green financing. Tax deductions for charitable contributions.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

APRIL 18, 2023

Solution: This means firms should consider a software solution that can do the following: Enable efficient research with a built-in, customizable tax law database that is tailored to meet the specific needs of the firm. The lease accounting standard became effective in 2019 for public companies.

Account 52

Account accountant accounted Technology 52

ThomsonReuters

JANUARY 18, 2024

Types of accountants and niche practice areas There are, of course, various types of accountant jobs and areas of specialty. Accounting professionals may find that some outside of the profession do not fully understand the differences between an accountant and a tax preparer. So, what are the differences?

Account 59

Account accountant accounted tax preparation 59

Baruch Lev

JULY 11, 2021

The Wall Street Journal reported (July 1, 2021) that the International Accounting Standards Board (IASB), the accounting body that sets the financial reporting rules of public companies in more than 140 jurisdictions ? So, accounting standard-setters have their work cut out for them. but not in the U.S. —

Account 40

Account accountant accounted international accounting standards 40

Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

income tax 80

income tax Tax accounting standards accounting and finance 80

Shay CPA

OCTOBER 25, 2023

Under Accounting Standards Update 2017-11 from the Financial Accounting Standards Board (FASB), you don’t necessarily always need to classify financial instruments with down round features as liabilities. Things can get complicated when it comes to recording shares with down round protection on your books.

Tax 52

Tax Account accountant accounted 52