"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.
The shift will happen gradually starting this summer until December, when QBOA will be discontinued.
The new Pilot AI Accountant claims to run the entire bookkeeping and financial reporting process with zero need for human intervention.
The tax-filing season for individuals just opened recently, but businesses already got a head start on various tax incentives in the One Big Beautiful Bill Act.
PCAOB adds to advisory groups; Schneider Downs transitions to single CEO structure; and more news from across the profession.
The Top 75 Firm acquired D & Co., expanding its presence in Texas and strengthening its healthcare specialty.
Plus, Sage rolls out AI enhancements for reporting, AP, sales; Datarails launches Spend Control solution for contract visibility.
