Category: NYT Accounting News

The International Auditing and Assurance Standards Board released information on its new standard, while the International Public Sector Accounting Standards Board has an exposure draft on materiality.

What many taxpayers do not realize is that their property tax assessment can — and in many cases should — be reviewed and appealed.

The changes deal with the intersection of the requirements of FASB’s revenue recognition and stock compensation standards as they involve customers.

The move would constitute “a complete death” for energy projects that rely on global supply chains for solar cells, magnets, batteries and other materials.

Rep. Nicole Malliotakis said there’s an “opportunity” to grow the $30,000 state and local tax deduction cap offered by House GOP leaders in negotiations.

The cost of the draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher.

Valuations this year; handling interviewees; AI and accounting ed.; and other highlights from our favorite tax bloggers.

The House Ways and Means Committee held a hearing to mark up the “one, big beautiful bill” extending expiring provisions of the TCJA and adding other tax breaks.

The Federal Accounting Standards Advisory Board wants input on accounting issues and questions related to reorganizations and abolishments amid DOGE cuts.

A report by the Association of Chartered Certified Accountants found 54% of North American respondents say they have career ambitions to be entrepreneurs.