Journal Of Accountancy News
Latest News from Journal Of Accountancy
Most senior executives are pleased by the impact of moving their supply chains closer to home, according to a KPMG report. Learn four keys to considering whether a change would benefit your company.
Posted: October 23, 2024, 7:31 pm
The IRS on Tuesday provided its annual inflation adjustments for over 60 tax provisions in tax year 2025, including increases in the standard deduction for married couples and single individuals.
Posted: October 22, 2024, 9:03 pm
Barry C. Melancon Professional Accounting Research (PAR) Fellowship recognizes the legacy of the retiring CEO and will support research in public and management accounting.
Posted: October 21, 2024, 5:10 pm
GASB issued guidance for certain types of capital assets to be disclosed separately for purposes of note disclosures.
Posted: October 18, 2024, 2:07 pm
Want to build an employee roster that hits all the right notes? These 3 tips are key.
Posted: October 18, 2024, 11:42 am
Serious concerns facing accounting in the government space can be solved only by a multistakeholder commitment to improved conditions, an AICPA/NASACT report finds.
Posted: October 17, 2024, 1:05 pm
Mark Koziel, CPA, CGMA, has been named as the next CEO for the Association of International Certified Professional Accountants. Koziel will begin the role in January 2025. He currently leads Allinial Global, an association of independent accounting and advisory firms with $6 billion in collective revenue.
Posted: October 16, 2024, 1:00 pm
Commissioner Danny Werfel says the IRS has made “substantial progress” in separating eligible claims from ineligible ones.
Posted: October 11, 2024, 7:46 pm
The Financial Crimes Enforcement Network extended filing deadlines for reports of foreign bank and financial accounts (FBAR) for people in federally declared disaster areas of five storms. It also is delaying the filing deadline for people affected by terrorist attacks in Israel.
Posted: October 11, 2024, 6:59 pm
The Social Security Administration announced an increased maximum amount of wages subject to Social Security tax in 2025. The cost-of-living adjustment for Social Security benefits for 2024 is slightly lower than last year’s COLA.
Posted: October 11, 2024, 11:58 am
The regulations terminate the continued application of the Sec. 367(d) annual inclusion in certain cases when intangible property is repatriated to the United States after previously being transferred to a foreign corporation.
Posted: October 9, 2024, 7:35 pm
The Treasury Inspector General for Tax Administration estimated that a change in policy for pre-refund examinations resulted in payment of $2 billion in erroneous employee retention credit claims.
Posted: October 9, 2024, 7:15 pm
The 2024 BDO Audit Innovation Survey found that 54% of leaders expect their audit firm to use artificial intelligence and other advanced technologies to enhance the audit experience, but the human element is irreplaceable.
Posted: October 9, 2024, 6:07 pm
The IRS issued the final regulations identifying these abusive transactions and substantially similar ones as listed transactions that must be reported to the agency.
Posted: October 7, 2024, 8:46 pm
Finance leaders are increasingly being asked to devise plans that use new technologies to improve the bottom line. Recent survey results highlight the most common approaches leaders are taking.
Posted: October 7, 2024, 6:58 pm