The more frequently companies report their earnings, the less likely investors are to make knee-jerk investment decisions, according to recent research.
Category: NYT Accounting News
Cannabis rescheduling points to new opportunities
If marijuana is reclassified, lots of businesses may want to reconsider their structure.
IRS plans to make free tax prep permanent
The Internal Revenue Service intends to expand the number of states and tax situations in which the free Direct File system will be available.
Short seller Chanos sued by partner alleging misuse of funds
The lawsuit alleges that Jim Chanos “planned on using his power as general partner to run the company into the ground, enjoy the tax benefits of his financial shenanigans, and leave his partners with nothing.”
FAF marks GASB and FASB anniversaries
The Financial Accounting Foundation commemorated the 40th anniversary of the creation of the Governmental Accounting Standards Board in its annual report and also referenced the 50th anniversary last year of the Financial Accounting Standards Board.
ISSB releases jurisdictional guide to sustainability standards
The International Sustainability Standards Board and the IFRS Foundation published an inaugural guide to using their standards in different countries.
Treasury, IRS propose guidance on clean electricity tax credits
The proposed rules on the Clean Electricity Production Credit and the Clean Electricity Investment Credit aim to spur renewable energy development.
Expanded 401(k) eligibility is taking businesses by surprise
There’s a new method of counting defined contribution retirement plan participants that can make a big difference for clients.
Move beyond the busy season mindset
There are advantages to an extended (but carefully scheduled) tax season.
GASB guidance aims to improve government financial reporting
The Governmental Accounting Standards Board released an updated standard to improve some of the main components of the financial reporting model for state and local governments.