The institute sent a letter to officials at the Treasury and the IRS asking for immediate guidance on a provision of the One Big Beautiful Bill Act for deducting R&D costs.
Day: August 6, 2025
Bloomberg T&A adds feature for ASU 2023-09 compliance
Bloomberg Tax and Accounting launched an embedded solution to help users adhere to the FASB Accounting Standards Update that concerns income tax disclosures.
GENIUS Act sets up framework for stablecoin
Under the new law, issuers with more than $50 billion in stablecoins outstanding would be required to submit audited annual financial statements.
Docyt launches AI engine
The new Docyt High Precision Accounting Intelligence engine was built specifically to automate complex accounting workflows via a variety of AI agents.
The Spirit of Accounting: There is so much wrong here on so many levels
To those who might remember this column that ran for more than 20 years, and to those who don’t, it took something especially egregious to bring me back.