National Taxpayer Advocate Erin Collins discussed the changes in a recent blog post. The changes have been long advocated by the AICPA.
Day: October 29, 2024
Herbein acquires Bumpers
The Pennsylvania-based Regional Leader is expanding to Delaware.
TCJA extension or sunset: Gamechangers for professional athletes
Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.
In the blogs: Are we ready?
Foreign gifts and penalties; FBARs and the Constitution; contention and confusion; and other highlights from our favorite tax bloggers.
Accounting for software: FASB proposes amendments to its guidance
The Financial Accounting Standards Board seeks public comment on targeted improvements to the reporting of internal-use software.
Private equity changes accounting career paths
The increasing amount of investment from private equity firms in the accounting profession is transforming the ways accountants pursue their careers, according to a new report.
Small biz job growth impacted by hurricanes
Job and wage growth continued at a moderate pace among small businesses in October, likely slowed by the impact of recent hurricanes down south, according to payroll company Paychex.
How students use — and don’t use — ChatGPT
A study involving 390 students suggests a preference for using ChatGPT as a supplement to traditional resources, such as class notes and textbooks, to complete accounting assignments.