To help taxpayers take advantage of retroactive changes enacted late last year affecting Sec. 179 property and bonus depreciation, the IRS issued rules for filing returns to take advantage of these deductions.
FASB issued new rules for presenting and classifying certain cash payments and cash receipts on the statement of cash flows.
The SEC invited input on certain disclosure requirements related to management, certain security holders, and corporate governance matters.
From rental property expenses to worker classification to offers in compromise, the list of areas where tax practitioners must exercise due diligence keeps growing.
CPAs can find much to like in recent reports, including news that their expertise and skills are in such demand that pay is expected to rise and that their employers value professional certifications.
The IRS issued a procedure permitting taxpayers, in certain circumstances, to give an IRA trustee or retirement plan administrator a certification statement to treat a rollover as timely even if the taxpayer failed to complete the rollover within 60 days after a distribution.
The Public Company Accounting Oversight Board will cooperate with the German Auditor Oversight Body in overseeing audit firms that operate under both regulators.
Nearly 4 in 10 social media users browse for vacations or other goods after seeing friends’ purchases online, an AICPA survey found.
GASB's rules for reporting on pollution mediation obligations provide for consistent, timely and complete reporting, according to a review.
FASB recently issued its first major change to not-for-profit accounting standards since 1993. Here are tips for implementing the new standard.
The IRS is proposing to charge a variety of fees, based on whether the taxpayer uses the online application process and/or pays by direct debit.
PCAOB inspectors found deficiencies in 77% of the audits of broker-dealers they reviewed in 2015.
FASB's new accounting standard is designed to help not-for-profits tell their story through their financial statements.
Peer review reports would be modified to clearly indicate if a single audit was selected under a proposal issued by the AICPA Peer Review Board.
CPAs will be able to receive credit for continuing professional education material delivered through nano-learning and blended learning instruction.
FASB issued a proposal that would establish a set of concepts for how recognized items should be presented in a financial statement.
Rising demand for accounting and finance professionals with new skills is making it more likely that companies pay their employees to gain and maintain professional certifications.
See how much you know about recent news from the JofA.
Accounting and finance salaries in the United States are projected to rise 2.8% in 2017, according to a salary guide published by recruiting firm Accounting Principals.
Finance leaders offer suggestions for staying strong in these challenging times.