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Inside GASB's far-reaching agenda

Accounting Today

Some examples include a statement of net position, a note disclosure on significant accounting policies, and management discussion and analysis. GASB has formed a Voluntary Digital Financial Reporting Taxonomy Consultative Group to provide advice from a group of experts. All rights reserved.

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On the move: RRBB adds partner

Accounting Today

CONNECTICUT FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut Courtesy of GASB The Financial Accounting Foundation board of trustees announced it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council for an initial one-year term beginning Jan.

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Tax Fraud Blotter: Getting personal

Accounting Today

After not filing income tax returns for many years, in 2015 Edwards filed returns for 2009 through 2013 and later filed a return for 2017. million in taxes. He did not pay the taxes nor the interest and penalties assessed. All rights reserved. On these returns, Edwards admitted that he owed more than $2.5

Tax
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Year-End Tax Strategies for Businesses

Withum

The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion.

Tax
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Friday Footnotes: Baker Tilly Did What!?; Internship Ranking Winner Same As Last Year; Pillar II to Be a PITA | 10.25.24

Going Concern

accounting standard setter’s meeting last week. Investors had supported the International Accounting Standards Board’s March proposal, saying it would help them assess acquisitions. The board’s plan would require companies to publish full details of post-acquisition performance against targets in the notes to their financial accounts.

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My Teaching Method

Withum

Introductory Course in Financial Accounting at Baruch College This Friday, I will start a new semester teaching the introductory course in financial accounting at Baruch College, my alma mater. About 60% of the students are split between accounting and finance majors.

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Private sector adds 104K jobs

Accounting Today

Accounting Payroll ADP Employment data MORE FROM ACCOUNTING TODAY Tax Corporate AMT proposed regs revised The IRSs Notice 2025-28 will affect applicable corporations with financial statement income attributable to investments in partnerships. All rights reserved.