The Federal Accounting Standards Advisory Board issues
Technical Bulletin 2002-1, Assigning to Component Entities Costs
and Liabilities that Result From Legal Claims Against the Federal
Government ( www.fasab.gov/pdf/presreltb.pdf ). According to
the guidance, all such costs and liabilities must be attributed either
to the component entities responsible for the programs or activities
that contributed to the claims or to their successor component
entities.
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Tax reform complicates year-end tax planningGet your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.
VIDEO
What RPA is and how it worksRobotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.