The Governmental Accounting Standards Board has released a new Implementation Guide with questions and answers about GASB’s new standards on accounting and financial reporting for post-employment benefits other than pensions, such as retiree health care.
The guide also deals with some issues related to another standard, Statement No. 74, Financial Reporting for Post-employment Benefit Plans Other Than Pension Plans. The free downloadable guide is available through
A review of over 800 calls found that the overwhelming majority of phone interactions with Internal Revenue Service reps were courteous and professional.
Despite the government shutdown, the IRS is reminding taxpayers and tax professionals that 2024 tax returns that were put on extension are still due.
Taxpayer Advocate Erin Collins warns about the potential downsides for some taxpayers of the IRS moving entirely to electronic payments.
The fact that many financial advisors say they do not provide tax planning belies how much value they may add through that service, according to an expert.
The billionaire NBA star told his financial advisors that if he goes broke "it ain't going to be good for you," he shared on a recent podcast.
Whether your accounting firm should dictate what software a client will use depends on the context of your services and their needs.
