FASB ASU addresses supplier finance programs
A proposed Accounting Standards Update would help investors and others better consider the effects on a buyer’s working capital, liquidity and cash flows. The comment deadline is March 21.
Armanino launches ‘Accelerated Path to Manager’ program
FASB looks for disclosures on supplier finance programs
With Biden’s plan adrift, tax bills for rich Americans are in doubt
U.S. tax overhaul shelved, imperiling credits, millionaire levy
SALT payments before year end a priority for passthroughs
To be deductible at the entity level, payments by passthrough entities of state and local taxes should be made in the tax year of the liability, but state-specific elections may complicate that timing, tax advocates advise.