While small businesses still primarily use accounting software to record and manage transactions, the percentage using paper actually increased
Day: September 3, 2024
New regs on changing accounting methods for research
Revenue Procedure 2024-34 expands the waiver of the eligibility rules to accounting method changes.
IRS targets large partnerships for increased audits
The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022.
IRS seeks to bolster foreign trust, gift transactions rules
Tax professionals are calling for changes to the proposal, even though they welcome clarifications they have been waiting on for decades.
A quarter of accountants want more DEI
Twenty-five percent of accountants want to increase their roles in implementing diversity, equity and inclusion initiatives, a new study says.
Sustainable services: CPAs positioned for burst in opportunities
As mandatory regulations related to reporting on and assurance of sustainability data begin to take hold, now is the time for CPAs in a variety of roles to position themselves to take advantage.