FASB Takes Step Toward Fair Value Accounting of Cryptoassets
As part of its ongoing work on the disclosure of cryptoassets, FASB has tentatively decided to use fair value to measure certain cryptoassets in financial reporting.
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All Featured (34) For the Public (149) Tax News (513) Accounting & Auditing (244) Business & Industry News (142) Regulatory News (118) Legislative News (59) Chapter News (47) Young CPAs (86) Students (104) TSCPA Press Releases (102)Showing : 641–650 of 1265
IRS Announces Inflation Adjustments for Tax Year 2023
The IRS recently released Revenue Procedure 2022-38, announcing the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
View MoreSocial Security Wage Base, COLA Set for 2023
The Social Security Administration recently announced that individual taxable earnings of up to $160,200 annually will be subject to the old age, survivors and disability insurance tax in 2023.
View MoreSEC Adopts Recordkeeping Rule Amendments
The Securities and Exchange Commission recently adopted amendments to the electronic recordkeeping, prompt production of records and third-party recordkeeping service requirements applicable to broker-dealers, security-based swap dealers, and major security-based swap participants.
View MoreIRS Issues Final Regulations To Revise Premium Tax Credit’s Affordability Test
The IRS recently issued final regulations T.D. 9968, modifying the affordability test for employer-sponsored minimum essential coverage for the Sec. 36B premium tax credit to take into consideration the cost of covering an employee's family members.
View MoreIRS Issues Ruling on 10-Year RMD Rule
The IRS and Treasury Department recently issued Notice 2022-53, waiving the 50% penalty on missed 2021 and 2022 required minimum distributions for inherited retirement accounts within the 10-year payout rule.
View MoreSourcing a Strong Candidate Pool Is Pushing Firms Outside Their Comfort Zone
Employee and candidate demands for a flexible schedule or remote working environment are pushing accounting firms outside of their comfort zone as they try to remain competitive.
View More5 Payment Process Improvements
Customer and client convenience demands more online payment methods. Consequently, we thought it was essential to understand these five payment process improvements.
View MoreFASB Seeks Input on Segment Reporting Proposal
The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update intended to improve the disclosures about a public entity’s reportable segments and address requests from investors and other allocators of capital for additional, more detailed information about a reportable segment’s expenses.
View MoreThe Relationship Between Cybersecurity and SOC 2 Audits
As technological advancements continue to break new ground, data increasingly becomes the most valuable currency in the world.
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