Featured News
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AICPA rallies against tax deduction changes
The AICPA is asking accountants to reach out to their congressional representatives and protest the proposed elimination of the ability of pass-through entities to deduct state and local taxes.
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FASB updates guidance on share-based consideration
FASB recently published an Accounting Standards Update (ASU) that provides guidance for share-based consideration payable to a customer in conjunction with selling goods or services.
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Survey: Accounting seen as gateway for entrepreneurial ambitions, skills
A recent global talent survey found that over half of North American accounting and finance professionals aspire to become entrepreneurs.
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PCAOB shares insights from chats with audit committee chairs
The PCAOB recently highlighted the results of conversations that board staff had with audit committee chairs of U.S. public companies and broker-dealers last year.
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IRS now accepting VITA, TCE grant applications
The IRS is now accepting grant applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) programs.
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AICPA, NASBA approve new CPA licensure path
The boards of directors of the AICPA and the NASBA recently approved an expansion of accountancy’s model legislation to include an additional path to CPA licensure.
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FASB issues guidance on business combinations
FASB recently published an Accounting Standards Update (ASU) to improve the requirements for identifying the accounting acquirer in FASB ASC Topic 805, Business Combinations.
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AICPA weighs in on updated instructions to estate tax form
In a letter to the IRS, the AICPA provided comments regarding the updating of instructions for Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent.
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Survey: Tax leaders prioritize transparency, digitalization
A new survey found that transparency and digitalization continue to be key priorities for tax leaders around the world.
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Handling financial stress in volatile times
A new AICPA survey finds that money-related stress is at the top of most Americans' minds, with more than 70% of respondents feeling either cautious or uncertain about their financial situation.