As much as it will change the profession, the new technology offers tremendous opportunities for accountants. according to Ron Quaranta and Erik Asgeirsson. READ MORE »
The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month. READ MORE »
The Internal Revenue Service is warning taxpayers who owe more than $51,000 in tax debts they could have their passport applications or renewals denied unless they pay up. READ MORE »