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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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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. illegally, submit fraudulent individual federal income tax returns that claimed $25 million in refunds.

Tax
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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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Private sector adds 104K jobs

Accounting Today

The service-providing sector added 74,000 jobs in July, including 9,000 in professional and business services such as accounting and tax preparation. "It All rights reserved. The 104,000 jobs added in July was a big improvement from a revised negative number of 23,000 in June.

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UHY Adds Flynn & Co. in Ohio

CPA Practice

has offered a wide range of tax preparation services and a full line of financial accounting, reporting, and attestation services to a variety of clients, including financial institutions, manufacturing and construction companies, privately owned businesses, and not-for-profit organizations.

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Friday Footnotes: Pokemon But Make It Tax; IRS Employees Get Their Jobs Back; PwC Severs Ties in Africa; | 4.4.25

Going Concern

Since 2020, some of the SECs largest enforcement actions were brought against companies engaged in accounting violations. As a result, some execs will have to pay back a cumulative $609,613 in cash bonuses that the company awarded them through the end of 2024, according to the filing.

Tax
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Small businesses added jobs and increased pay in July

Accounting Today

Accounting Payroll Paychex Small business 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.