Tax, accounting, auditing news - Journal of Accountancy

November 7, 2017

Not-for-profit standard implementation assistance for health care entities

Three issue analyses from the AICPA Health Care Expert Panel could help with implementation of FASB’s new standard.

November 6, 2017

House bill features many business tax changes

The House tax reform bill contains a large number of proposed changes that would affect businesses.

November 3, 2017

Cybersecurity tips from the ‘Shark Tank’

Shark Tank star and cybersecurity expert Robert Herjavec said CPAs have an important role to play as trusted advisers on cybersecurity.

November 3, 2017

What the House tax bill holds for individuals

From new tax rates to fewer deductions, credits, and exclusions, the tax reform bill released by the House would have wide-ranging effects on the taxation of individuals.

November 3, 2017

FASAB addresses intragovernmental exchanges, component reporting

The Federal Accounting Standards Advisory Board addressed accounting for intragovernmental exchange transactions and assigning assets to component reporting entities.

November 3, 2017

Test your knowledge of unconscious bias

Many professionals, without realizing it, make “unconscious” choices regarding those who are different in terms of race, gender, geographic origin, college education, and other factors.

November 2, 2017

Details of tax reform legislation revealed

The Tax Cuts and Jobs Act released by the House Ways and Means Committee incorporates many of the provisions listed in the Republicans’ September tax reform framework while providing new details.

November 1, 2017

E-filing for 2016 individual returns will shut down soon

The news especially affects taxpayers in recent disaster areas who have received extensions until Jan. 31, 2018, to file their 2016 returns.

November 1, 2017

FinREC releases more revenue recognition working drafts

FinREC has been seeking public comment on working drafts that provide industry-specific guidance for entities implementing FASB’s new revenue recognition standard.

November 1, 2017

Companies continue to increase transparency of external audit oversight

Investors and other stakeholders continue to gain access to more information about how audit committees choose and oversee external audit firms.

October 27, 2017

IRS announces delay in re-launching e-Services

The IRS had planned to launch by the end of the month its updated Secure Access site, which will require using a two-factor authentication process.

October 26, 2017

David Kautter to be named acting IRS commissioner

President Donald Trump plans to name David Kautter as acting IRS commissioner when John Koskinen’s term expires in November.

October 26, 2017

Americans’ financial well-being reaches record high

Stock market gains and a strong job market brought Americans’ financial well-being in the third quarter of 2017 to its highest level in 24 years.

October 25, 2017

What investors want to see

Creating a winning product or service and a sound long-term strategy will help a company attract investors, according to a new survey by the Center for Audit Quality.

October 24, 2017

SEC approves PCAOB’s new auditor’s reporting model

The SEC granted unanimous approval to the new auditor’s reporting standard created by the PCAOB.

October 24, 2017

New TQA helps with public business entity determination

The TQA was developed to assist those seeking clarity in their public business entity status.

October 23, 2017

3 daily questions to help accountants make a difference

John O’Leary, a recovered burn victim who spoke at the AICPA fall Council meeting, said three simple questions can help accountants develop the attitude and strategy they need to succeed.

October 22, 2017

Accountants’ role in managing AI disruption

An AICPA fall Council session addressed how accountants can prepare for the change and lead their communities’ response to the new technology.

October 19, 2017

IRS issues 2018 inflation-adjusted tax tables and many other tax provisions

The IRS issued the annual revenue procedure that updates the almost 60 tax provisions that must be adjusted for inflation each year

October 19, 2017

2018 pension plan contribution limits are announced

The IRS released the inflation-adjusted amounts that apply to pension and 401(k) plans for 2018.

FROM THIS MONTH'S ISSUE

Right-sizing risk management

Sole practitioner or small firm? Risk management doesn’t have to be “one size fits all.” Learn how to help protect your practice without adding unnecessary admin time.