The Financial Accounting Foundation has released its annually updated print edition of the Financial Accounting Standards Board’s FASB Accounting Standards Codification, providing the authoritative source of U.S. GAAP for public and private companies and not-for-profit organizations.
A district court in Hawaii has entered a final judgment against the chief executive of a religious-themed video game company, Left Behind Games, for a multimillion-dollar scheme to boost his company’s revenues with part of his stock-trading profits.
It’s often a challenge to get clients to open up when they come in for their annual appointment during busy season. Maureen Schwartz, executive director of the global public accounting firm association BKR International, offers these 10 conversation starters to ask your clients.
The Internal Revenue Service has issued a notice that provides some relief this tax season from tax penalties for taxpayers who find out when they file their taxes that they received an overpayment of premium tax credits for buying health insurance under the Affordable Care Act.
The American Institute of CPAs has written to some of the top tax lawmakers in Congress asking them to grant relief to taxpayers in appropriate situations when they miss a statutory deadline or make an error in choosing an election.