"Interpreting FAS 109 - accounting for income taxes" (June 19-July 9, 2006, page 14) implied that "Accounting for Uncertain Tax Positions" had been issued as a standard, and that it is effective for taxpayers whose fiscal years end after Dec. 15, 2005. In fact, the interpretation has only been released in an exposure draft; it would only be effective if it is approved.
A hearing on Capitol Hill reveals some of the problems with the act, and why we may see 'massive' noncompliance.
A staff report from the Public Company Accounting Oversight Board recommends digging into the factors underlying firm deficiencies.
The International Sustainability Standards Board published a new taxonomy to help investors analyze sustainability disclosures.
The U.S. firm attributed the uptick to the return of business travel since the pandemic, according to its 2024 Impact Plan report.
Sovos announced the launch of Sovos Indirect Taxes, which features e-invoicing capacities and integrates with over 70 ERPs and transaction management systems.
The number of individual income tax returns received rose by 16.34% in the final week of tax season.
