Makin’ a list; caught again; back to school; and other highlights of recent tax cases.
Category: NYT Accounting News
A plague on both your (political) parties
Accountants are pretty unhappy with the current political situation.
Accountants and the 2024 election: The home stretch
As Nov. 6 gets closer and closer, the accounting profession is leaning heavily Republican.
IPSASB issues exposure draft on tangible natural resources
The International Public Sector Accounting Standards Board today issued Exposure Draft 92, Tangible Natural Resources.
Harris goes quiet on Biden’s push to tax unrealized gains
Harris’ campaign also declined to say if she supports the specifics of the minimum tax on billionaires included in Biden’s annual budget request.
Andersen establishes institute for finance, economics
The global professional services firm founded by a group of former Arthur Andersen partners has attracted influential economists to its advisory board.
Tax-exempt groups don’t need to file corporate AMT form for 2023
The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don’t have to file Form 4626 for tax year 2023.
PCAOB posts three resources for new standard
The Public Company Accounting Oversight Board posted a practice aid, comparison document and webinar related to the implementation of QC 1000.
Balancing the interests between attorney-client privilege and the auditor’s need to know
Companies often face the tricky task of producing privileged and confidential information to their independent auditors for audit purposes.
Wolters Kluwer announces Axcess enhancements
Wolters Kluwer announced a host of integrations and improvements in tax, practice management and audit for its CCH Axcess product.