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The International Auditing and Assurance Standards Board released additional information Thursday on its new going concern standard. The new Frequently Asked Questions document aims to support...
The far-reaching tax reconciliation bill advanced this week by the House Ways and Means Committee is full of provisions that would not only extend the expiring...
Playing defense; shocking stuff; to the cleaners; and other highlights of recent tax cases. Washington, D.C.: Thomas G. Ehr, a longtime associate of a former defense...
The Public Company Accounting Oversight Board staff released a new publication highlighting the perspectives of audit committee chairs. The publication, “2024 Conversations With Audit Committee Chairs,”...
There has recently been an increasing pushback on property taxes across the country. In November 2024, multiple states including Arizona, Florida, Georgia, New Mexico, Virginia and Wyoming had...
The chair of the House’s tax-writing panel said the $30,000 limit his committee put on the state and local tax deduction is “fair” and lawmakers from...
The cost of Republican lawmakers’ draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The...
A Republican tax plan seeking to cut clean-energy subsidies includes provisions that threaten to cripple the incentives before they even end. Little-noticed restrictions in the legislation...
The Financial Accounting Standards Board issued an accounting standards update Thursday to offer guidance on share-based consideration payable to a customer in conjunction with selling goods...
Two New York Republicans signaled that the cap on the state and local tax deduction may rise to as much as $80,000 as GOP lawmakers from...
