This week on Accountable, Is Remote Work Here to Stay? with Clare Levison, CPA
This week on Accountable, Is Remote Work Here to Stay? with Clare Levison, CPA In addition to being a SCACPA advisor on B&I topics, David Peters is an acclaimed [...]
Genuine Learning Blog: Proposed ASU – Disclosure of Supplier Finance Program Obligations
FASB has issued an exposure draft which would require additional disclosure about supplier financing arrangements sometimes referred to as reverse factoring. These disclosures would provide users with information about [...]
Accountable Blog: Managing Insurance Renewals
The end of the year is a busy time for CFOs and Controllers. In addition to finishing up their CPE requirements for the year, those working in industry are [...]
Genuine Learning Blog: Chapter 4, Conceptual Framework: Elements
The FASB has issued an update to the definition of key elements in the Concept Statements. The definitions of an asset, liability, revenue and expenses have all received an [...]
Label Doesn’t Determine Rental Self-Employment Tax Exclusion and 4 more topics! Nichols’ Tax Update, Issue 22-1
Nichols' Tax Update, Issue 22-1 Label Doesn’t Determine Rental Self-Employment Tax Exclusion In a legal memorandum, the IRS concluded that the definition of rental activity from section 469 doesn’t [...]
This week on Accountable, Bringing Students Back to the Accounting Field, with Dr. Scott Dell, CPA
This week on Accountable: Bringing Students Back to the Accounting Field, with Dr. Scott Dell, CPA In addition to being a SCACPA advisor on B&I topics, David Peters is [...]
Insurance Company Seeks Rescission of Malpractice Policies and 6 more topics! Nichols’ Tax Update, Issue 21-51
Nichols' Tax Update, Issue 21-51 IRS Announces Standard Mileage Rates for 2022 The IRS has announced the optional standard mileage rates used in computing the deductible costs paid or [...]
Genuine Learning Blog: Information System Services Ethics Update
The Professional Ethics Executive Committee (PEEC) of the AICPA has postponed the implementation of the Information System Services Interpretation an additional year. In addition, PEEC has also provided a new [...]
From the IRS: Important Pre-Filing Season Information
Submitted by the IRS With preparations for the next tax season starting, please note the IRS will be sending out two letters to taxpayers in January: Letter 6419 - [...]
Treasury, IRS Set Filing Season Kickoff for January 24
Submitted by Lynn Nichols, CPA The tax return filing season is set to begin in two weeks, but Treasury and the IRS are under no illusions that it’s going [...]
Evolving Remote Workforce Brings Uncertainty, Practitioners Say and 9 more topics! Nichols’ Tax Update, Issue 21-50
Nichols' Tax Update, Issue 21-50 Fact Sheet Updates FAQs on Recovery Rebate Credit The IRS has issued a fact sheet (FS-2021-17) updating its list of frequently asked questions on [...]
Genuine Learning Blog: 2021 A&A Year in Review
Happy New Year! Let's wrap up 2021 with a review of all things accounting and auditing! 2021 saw a flurry of activity from the AICPA, FASB and GASB. We'll [...]
Guidance Implements Termination of Employee Retention Credit and 4 more topics! Nichols’ Tax Update, Issue 21-49
Nichols' Tax Update, Issue 21-49 IRS Advises on Calculating Imputed Underpayments of Partnerships In emailed advice, the IRS advised on whether adjustments to partnership-related items are included in the [...]