Going Concern
OCTOBER 7, 2022
Private company CFOs grapple with new lease accounting [ CFO Dive ]. At its core, under the new standards the Financial Accounting Standards Board (FASB) wants all companies to record operating leases longer than one year on their balance sheet, both as an asset and a liability, in the same way as capital leases have always been recorded.
Going Concern
AUGUST 25, 2023
News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.
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CPA Practice
JUNE 1, 2023
The coalition includes the following organizations: AICPA Latino Tax Pros National Association of Black Accountants, Inc. NSBCPA) National Society of Tax Professionals (NSTP) Padgett Business Services The Diverse Organization of Firms (DOF) H&R Block Prosperity Now. Michael Paul Donnelly, Jr.
CPA Practice
MAY 18, 2023
Justin Chudzik (Pennsylvania), a graduate of the University of Pittsburgh with a Bachelor of Science in Business Administration (majoring in accounting) and a Master of Science in Accounting, is employed with the Financial Accounting Standards Board (FASB) in Norwalk, CT. Michael Paul Donnelly, Jr.
Going Concern
MARCH 24, 2023
The workers have viable ERISA claims based on BDO’s alleged failure to obtain the cheapest available share classes for certain plan investments, the US District Court for the Northern District of Illinois ruled Tuesday. The federal government levies taxes on collectibles held for more than a year at a top rate of 28%.
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