XBRL International, a global consortium of more than 200 accounting, technology and financial service organizations, releases version 2.1 of extensible business reporting language (XBRL), a protocol for electronic financial reporting ( www.xbrl.org/newsandevents/index.asp?sid=4 ). The new implementation will make it easier for software developers to create XBRL tools that work without major modifications to operating systems.
Where to find March’s flipbook issue
The Journal of Accountancy is now completely digital.
Get Clients Ready for Tax Season
This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.