Featured News
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FASB poised for another crypto vote
The FASB is closing in on putting its plans for setting new standards for crypto accounting out for comment, with a vote on the matter scheduled for later this week.
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FinCEN provides time estimates for compiling BOI
FinCEN estimates that most companies with a simple structure will require 90 minutes per response to provide compiled beneficial ownership information, but complex entities will require much more time.
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IRS opens online portal for businesses to file 1099 forms
A new online portal where businesses can file Form 1099 series information returns for free is now open.
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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.