Public Company Accounting Oversight Board member Christina Ho plans to resign by the end of January as a shakeup is expected at the board.
Category: NYT Accounting News
FASB releases guidance on accounting for government grants
The Financial Accounting Standards Board issued an accounting standards update with guidance on accounting for government grants to business entities.
In the blogs: Rated M for Mature
Planning around SSI COLAs; holiday business deductions; complex decisions of inheritance; and other highlights from our favorite tax bloggers.
IASB proposes accounting model for interest rate risks
The new accounting model would reflect how financial institutions manage interest rate risks in their portfolios.
Obamacare tax credit fraud risks persist
Identity theft, fictitious applicants and other forms of fraud continue with the advance premium tax credit for buying health insurance.
House passes bills on IRS penalties and Tax Court
The House approved two pieces of legislation to keep IRS agents from levying fines and penalties without supervisory approval, and to strengthen taxpayer rights in proceedings before the Tax Court.
How AI will change the game for tax pros over the next five years
The word “transformation” doesn’t do justice to the kinds of seismic changes that have started to take root in the accounting profession over the past year.
Charitable deduction gets caps, floors and haircuts in OBBBA
Just in time for Giving Tuesday, there’s some good news for charities, thanks to the One Big Beautiful Bill Act, but also some new caps and limits.
M&A roundup: Deals from Virginia to Massachusetts
Eide Bailly adds Wall, Einhorn & Chernitzer; Brown Edwards acquires Sheldon & Co.; and LGA merges with Cohen Cohen & Co.
Small business jobs and wages grew modestly in November
Last month brought a slight uptick in wage and job growth at small businesses, payroll company Paychex reported.