Featured News
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‘Digital assets’ replace ‘virtual currency’ on 2022 Form 1040s
The IRS is replacing its “virtual currency” term on Form 1040 with “digital assets,” a term that covers more than cryptocurrencies.
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IMA seeks accounting pros to participate in retention survey
The Institute of Management Accountants (IMA) invites all accounting and finance professionals to participate in a short survey to explore talent retention in the profession.
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New fraud research reveals best practices for auditing
New academic research reveals best practices for enhancing fraud-related financial audit performance.
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FASB mulls two new software accounting options
The FASB recently agreed to study two new methods for companies to use in accounting for certain software costs, the CFO Dive website reports.
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IRS issues higher auto depreciation limits
The IRS issued sharply higher new depreciation limitations for passenger automobiles, including those that are applicable for bonus depreciation.
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Using ‘stay’ interviews to boost retention
Asking employees the right questions can give organizations what they need to know to hold onto accounting staff.
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IRS works to implement Inflation Reduction Act
The IRS is in the process of revising dozens of tax forms and developing tax regulations to implement the Inflation Reduction Act, according to a new report.
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63% of organizations prep for M&A deal this year, report finds
In a new survey, nearly two-thirds (63%) of financial professionals involved in mergers and acquisitions (M&A) said their companies are preparing for an M&A deal this year.
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IRS urged to crack down further on tax scam promoters
A new report from the Government Accountability Office (GAO) urges the IRS to do more to detect and deter promoters of abusive tax schemes.
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FASB provides update on disaggregation project
FASB issued a series of tentative board decisions related to its project on the disaggregation of income statement expenses.