Accounting Today

JUNE 12, 2025

She operated the tax prep business Sick Credit Repair Tax and Legal Services and represented herself as an income tax preparer. All rights reserved. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns.

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ThomsonReuters

DECEMBER 27, 2024

Blog home With the introduction of Accounting Standards Update 2023-08, Subtopic 350-60, the landscape for accounting, audit, and assurance of cryptocurrency is evolving. They are identified by their wallet addresses rather than by personal information such as legal names or ID numbers.

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Accounting Seed

MAY 28, 2025

Successfully completing a DCAA audit ensures the legality of your operation and helps you continue acquiring government contracts. You can make your life easier and guarantee smooth audits by using accounting software that helps government contractors meet DCAA compliance.

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Accounting Today

JUNE 16, 2025

Theres an incredible wealth of information out there and options a business owner and their children can take advantage of legally to help reduce taxes on the parents side," Ringbauer said. All rights reserved. But the benefits wont accrue from brazen attempts by parents to give their kids money.

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Accounting Today

JULY 17, 2025

Andersen is the founding member of Andersen Global, an international association of legally separate, independent member firms comprising tax, legal, and valuation professionals around the world. All rights reserved. Established in 2013 by U.S.

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Accounting Today

JUNE 27, 2025

NEW YORK Chris Goodman was appointed to the newly created role of chief growth officer and Joe DeVito was hired as director of M&A and to the newly expanded role of chief legal officer at UHY, New York. All rights reserved.

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Accounting Today

JULY 21, 2025

In 2018 and 2019, he paid $150,000 from HBCs bank account to a third party on behalf of the former president of the union. income tax returns and falsely reported that the $150,000 payment was for legal fees. All rights reserved. Ostermann then prepared HBCs U.S. He faces up to three years in prison. Sentencing is Aug.

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Accounting Today

JULY 15, 2025

If you have the endowment as a separate legal entity, thatll be swept in. All rights reserved. So higher tax covering more things, that was the big news on the tax-exempt front." Theres also an expanded tax on endowments. Its a fairly sweeping provision," said Shapiro. "If

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Accounting Today

JULY 25, 2025

According to recent industry forecasts, as much as 30–40% of entry-level administrative, legal, accounting and customer service positions may be changed or replaced by AI within the next decade. All rights reserved. A shifting labor market The rise of AI is rapidly transforming the labor market.

Technology 52

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Menzies

FEBRUARY 12, 2025

From our experiences as sitting as Experts in determinations, you can sometimes sense discomfort from legal teams more used to the boundaries of court and arbitral processes. If there is a debate to be had, e.g. on interpretation of a contract or of an accounting standard, then youre probably not in the realms of manifest error.

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Menzies

JULY 18, 2025

Some sale and leaseback arrangements are structured in legal form to show a sale, but the substance indicates continuing control and use, especially with options to repurchase or with lease terms that span the asset’s useful life. FRS 102 follows the principle of substance over form.

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Accounting Today

JULY 3, 2025

Users can parse, extract and classify data from diverse file types, including contracts, images, free text, invoices, financial statements, legal forms and more with accuracy, with the AI handling variations in layout, language and handwriting. All rights reserved.

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Menzies

FEBRUARY 12, 2025

From our experiences as sitting as Experts in determinations, you can sometimes sense discomfort from legal teams more used to the boundaries of court and arbitral processes. If there is a debate to be had, e.g. on interpretation of a contract or of an accounting standard, then youre probably not in the realms of manifest error.

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Accounting Today

JULY 8, 2025

But the justices made clear they werent taking a position at this stage on whether individual agency plans for how to carry it out would pass legal muster. The challengers told the justices it was vital to keep the plan on hold until courts could rule on its legality. All rights reserved.

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Accounting Today

JULY 18, 2025

All rights reserved. relocate offices; and more news from across the profession.

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Accounting Today

JUNE 27, 2025

Until now, some business owners in most states havent actually needed to abide by the SALT cap that applies to everyone else, thanks to legal workarounds approved by legislatures in New York, New Jersey, Connecticut, California and dozens of other states. All rights reserved.

Tax 52

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Accounting Today

JUNE 27, 2025

Conservative groups sought to revive the so-called nondelegation doctrine, a rarely successful legal argument that says lawmakers cant give away their constitutional legislative and taxing powers. All rights reserved. telecom subsidy fund By Greg Stohr June 27, 2025, 12:34 p.m.

Technology 52

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Cherry Bekaert

JANUARY 30, 2024

In the third episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran , a Director with Cherry Bekaert Advisory, is joined by Jeffery Annessa , a Senior Manager in Cherry Bekaert’s Government Contractor Industry practice, to discuss CAS implications during mergers and acquisitions.

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Withum

NOVEMBER 3, 2023

The subject of accounting standards is of utmost importance in the business world. With the ever-evolving nature of the global economy, it becomes imperative to align accounting practices and regulations with the changing needs of organizations. This update addressed two issues: Terms and Conditions and Leasehold Improvements.

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Going Concern

FEBRUARY 17, 2023

.” Big Four: EY, Deloitte, KPMG, and PwC step on law firms’ toes increasing legal revenue to £1.25bn [ City A.M. ] The Big Four accounting firms – EY, Deloitte, KPMG, and PwC – are capturing an ever-larger share of the global market for legal services. Billion Error | 2.17.23 appeared first on Going Concern.

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Cherry Bekaert

JUNE 25, 2024

Among those regulations are the Cost Accounting Standards (CAS), which are one of the most common challenges faced by emerging government contractors. Compliance with CAS is a contractual obligation, and failure to adhere to these standards can result in financial penalties, contract adjustments and contract termination.

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PYMNTS

OCTOBER 1, 2019

have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday (Sept. According to reports, the FRC issued an updated going concern standard, adding “significantly stronger requirements” for U.K. More high-profile corporate collapses in the U.K.

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Cherry Bekaert

MARCH 27, 2024

A Delaware Statutory Trust (DST) is a real estate investment vehicle structured as a separate legal entity. It is imperative that real estate owners, developers and investors understand the structural intricacies and financial implications of DSTs so that they can reap tax benefits and properly account for the investment. 3801 et seq.

Delaware 110

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Cherry Bekaert

MARCH 27, 2024

A Delaware Statutory Trust (DST) is a real estate investment vehicle structured as a separate legal entity. It is imperative that real estate owners, developers and investors understand the structural intricacies and financial implications of DSTs so that they can reap tax benefits and properly account for the investment. 3801 et seq.

Delaware 98

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CPA Practice

MAY 29, 2024

Ethical Judgments and Regulatory Compliance AI systems, while powerful in handling stable and predictable datasets, often lag in adapting quickly to new regulations or interpreting nuanced legal changes without human intervention.

Account 122

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Going Concern

JULY 23, 2024

summaries of accounting standards and interpretations, presentations, and benchmarking of company information with publicly available information from competitors). These firms identified several potential areas where such tools may assist engagement teams in the future with planning and performing audits.

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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.

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Withum

OCTOBER 20, 2022

The new lease accounting standards under ASC 842 were effective for private companies beginning January 1, 2022. These new standards require companies to record substantially all leases on their balance sheets and will affect real estate leases for both tenants and landlords. Author: Lauren Riso | lriso@withum.com.

Real Estate 78

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Withum

JANUARY 12, 2024

This promotes transparency and compliance with accounting standards and regulations, such as Generally Accepted Accounting Principles (Accounting Standards Codification 805) or International Financial Reporting Standards, which mandate specific guidelines for the treatment of assets, liabilities, and goodwill in an acquisition.

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CPA Practice

JANUARY 23, 2024

Have you been over to the Financial Accounting Standards Board’s (FASB) website lately? The group included representatives from the FASB, GASB, and the FAF’s publishing, IT, legal, administration, and communications teams. “We If not, it has a new look.

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CPA Practice

SEPTEMBER 1, 2023

The Risk: Operational Efficiency Many companies have willingly adopted their own methods of ESG reporting, but the ISSB recently unveiled global reporting standards for climate-related disclosures and the SEC is expected to follow suit later this year.

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Going Concern

JUNE 3, 2022

Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true. That is a far broader calculation than the old rules, which were based on losses expected imminently.

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Cherry Bekaert

MARCH 21, 2023

Overview of New Guidance Last summer, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. A holder of equity securities subject to these legal restrictions must consider the impact of the restriction in the fair value measurement of the equity securities.

Sales 74

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inDinero Tax Tips

FEBRUARY 22, 2023

For an executive or business owner, keeping up to date with accounting regulations is low on the to-do list. However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606?

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inDinero Accounting

JUNE 29, 2023

The history of GAAP dates back to 1929 when the Committee on Accounting Procedure was founded by the American Institute of Accountants and tasked with developing uniform accounting standards. Additional resources are required in order to ensure that all financial reports comply with GAAP principles.

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Going Concern

JUNE 2, 2023

Audit, Tax and Legal, and Consulting also saw double digit growth of 10 percent, 13 percent, and 22 percent, respectively. “The sector is facing a number of upward cost drivers, from new audit and accounting standards to inflationary pressures,” said their CEO at the time. billion ($3.4

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Anders CPA

JULY 6, 2022

One of those being the accounting involved in combining businesses. To help simplify purchase accounting for business combinations involving private companies, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-18 back in December 2014.

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