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Day: November 25, 2024

NYT Accounting News

Generative AI will upgrade you, not replace you: KPMG

November 25, 2024
KPMG research has found gen AI has a 3-17% EBITDA impact, but this is no reason to replace human accountants.
NYT Accounting News

IRS plans National Tax Security Awareness Week

November 25, 2024
The Internal Revenue Service and its partners in the public and private sectors are planning to highlight the importance of cybersecurity next week.
NYT Accounting News

IRS extends R&D tax credit transition period

November 25, 2024
The Internal Revenue Service is extending the transition period for revising claims for the research and development tax credit through Jan. 10, 2026.
NYT Accounting News

GASB proposes standard on subsequent events

November 25, 2024
The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.
NYT Accounting News

FASB reviews impact of revenue recognition standard

November 25, 2024
The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its implementation.
AICPA News

GASB issues two exposure drafts for comment

November 25, 2024
The Governmental Accounting Standards Board aims to bring clarity to the financial reporting of subsequent events and to a variety of topics in its implementation guide.
AICPA News

Managing change: 3 strategies to avoid a tech transformation tailspin

November 25, 2024
With about two in three transformations failing, a leader navigating three transformations at one time explains how she plans to avoid becoming a statistic.
AICPA News

Answering common questions about HSAs and Medicare enrollment

November 25, 2024
Clients often get confused about how enrollment in Medicare affects their eligibility to contribute to a health savings account and what to do if they erroneously made HSA contributions after their eligibility ceased.
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  • Debra S. Pitschman, CPA
  • Gil Davis, CPA/PFS
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  • David J. Mesko, CPA

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