Withum

JANUARY 4, 2024

Click Here Listen in as John Smith and James Trubenbach-Byrne discuss in this timely webinar how to ensure your healthcare organization is prepared for all the year-end tax accounting and auditing qualifications. View On-Demand Webinar Learning Objectives: Interpret implementation and general tax updates.

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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.

accrual accounting 98

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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.

tax preparation 97

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Going Concern

DECEMBER 23, 2022

IRS delays Form 1099-K $600 reporting threshold [ Journal of Accountancy ]. Should we tax robots? [ placed a tax on robots? Because robots can replace jobs, the idea goes, a stiff tax on them would give firms incentive to help retain workers, while also compensating for a dropoff in payroll taxes when robots are used.

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Tax auditor audit tax return 91

ThomsonReuters

APRIL 18, 2023

That’s why it is no surprise that the AICPA’s most recent “Top Firm Issues Survey ” found that “keeping up with changes and complexity of tax laws” is among the top issues for firms large and small. The lease accounting standard became effective in 2019 for public companies.

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Account accountant accounted Technology 52

Basis 365

JULY 21, 2023

Accounting standards, such as ASC 606 (IFRS 15), provide guidance on revenue recognition for these types of businesses. Properly classifying workers as employees or contractors is important for tax purposes and determines the associated payroll taxes, benefits, and other employment-related expenses.

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Account accountant accounted accounting principles 52

Cherry Bekaert

FEBRUARY 19, 2024

Contributor: Anthony Walsh The Governmental Accounting Standards Board (GASB) has issued Statement No. 16, Accounting for Compensated Absences , which was issued in 1992, and aims to align the treatment of paid leave benefits for employees across different government entities. This new guidance supersedes GASB Statement No.

financial statements 59

financial statements Government payroll payroll tax 59