2022 - Page 9 of 18 - Journal of Accountancy

June 30, 2022

Tips for managing remote workers

CPAs suggest strategies for helping staff stay productive and connected wherever they are working.

June 29, 2022

FASB adds three new projects to technical agenda

FASB announced the addition of three new projects to its technical agenda based on feedback received during its 2021 agenda consultation project.

June 29, 2022

Survey: LGBT+ employees feel supported by inclusion initiatives

A majority of LGBT+ respondents to a Deloitte survey are more inclined to remain with their current employer because of their inclusion initiatives, although noninclusive behaviors remain a concern.

June 28, 2022

IRS sets procedure for Superfund list changes

The IRS also has posted general Superfund FAQs and tax rates for some chemical substances subject to the recently reinstated excise tax.

June 28, 2022

Cannabis: Opportunities for CPAs in a multibillion-dollar industry

CPAs across the U.S. are investing resources in a flourishing $25 billion industry: cannabis. As more states legalize cannabis each year, the AICPA & CIMA Cannabis Industry Conference, Aug. 8–10, shows how you can enter the field.

June 27, 2022

Regs. proposed for present value of estate deductions

Administrative expenses and claims against estates allowable under Sec. 2053 beyond a three-year grace period would be discounted for current deduction, under proposed rules issued by the IRS.

June 24, 2022

AICPA publishes Q&A to explain SEC guidance on cryptoassets

The AICPA has published a set of questions and answers that explains recently released SEC staff guidance regarding the accounting for entities that have obligations to safeguard cryptoassets held for their platform users.

June 23, 2022

IRS extends e-filing to more 1040-series amended returns

Nonresident alien amended returns and those for Puerto Rico residents are added; superseding returns can be designated.

June 23, 2022

PEEC and ASB issue new requirements for CPAs regarding NOCLAR

New interpretations of noncompliance with laws and regulations (NOCLAR) coincide with an ASB standard regarding prospective auditors’ NOCLAR responsibilities.

June 22, 2022

National Taxpayer Advocate report targets IRS service

In her Objectives Report to Congress for fiscal 2023, National Taxpayer Advocate Erin Collins describes steps the IRS can take to improve its return and correspondence processing and telephone service to taxpayers.

June 21, 2022

PCAOB amends auditing standards to strengthen requirements

The PCAOB adopts amendments to its auditing standards to strengthen requirements that apply to audits involving multiple firms.

June 21, 2022

Supreme Court to resolve FBAR penalty dispute

By agreeing to hear a Romanian-born businessperson’s appeal, the Supreme Court will address a circuit split over how to stack maximum penalties for multiple nonwillful civil violations for failure to file the FBAR.

June 17, 2022

IRS voice bots help set up payment plans

The IRS deploys more AI-powered phone abilities, enabling taxpayers calling the Service to authenticate their identifies and arrange to pay tax liabilities.

June 16, 2022

GASB streamlines guidance on compensated absences with unified model

The GASB updates the model for compensated absences to enhance recognition and measurement requirements and simplify disclosure requirements.

June 15, 2022

Survey reveals need for businesses to build trust with consumers

A PwC survey finds that consumers don’t trust companies on nearly the level that business leaders believe they do.

June 15, 2022

Senate Finance airs post-Wayfair sales tax burdens

Small business owners describe scrambling to comply with varying sales tax compliance rules across a welter of jurisdictions.

June 14, 2022

Better taxpayer service among GAO priorities for IRS

The US Government Accountability Office’s 25 top to-do items for IRS tax administration focus on service, tax fraud, cybersecurity, information reporting, audits and staffing.

June 14, 2022

Addressing continued rise in Sarbanes-Oxley Act compliance costs

An annual survey reveals higher compliance costs in 2022 and suggests that automation may present a path to better efficiency.

June 13, 2022

FASB invites stakeholders to share views on accounting for government grants

FASB is seeking feedback on whether IAS 20 represents a workable solution for improving generally accepted accounting principles for business entities as it relates to the accounting for government grants.

June 13, 2022