We wrapped up our annual Conference on Current SEC and PCAOB Developments last week, and it’s hard to pick a single theme or ...

GASB issued Statement No. 105, Subsequent Events, which clarifies types of subsequent events and information that should be ...

Clarifying that business interest expense subject to Sec. 163 (j) includes any interest incurred and capitalized during the tax year, except for interest capitalized under Secs. 263 (g) and 263A (f); ...

The Professional Ethics Executive Committee voted to issue an exposure draft of Proposed Revisions Related to Alternative ...

The Tax Court denied an estate’s claim of a deceased spousal unused exemption (DSUE) amount, holding that the decedent’s predeceased spouse’s estate did not make a valid portability election (i.e., an ...

Susan S. Coffey, CEO–Public Accounting at the Association of International Certified Professional Accountants, shares her top takeaways from last week’s Conference on Current SEC and PCAOB ...

The IRS announced inflation-adjusted limits on benefits and contributions for various retirement accounts on Thursday, including maximum contribution amounts for 401(k) plans and traditional and Roth ...

Despite the Eleventh Circuit holding that the Corporate Transparency Act is constitutional, an interim rule from Treasury ...

At the AICPA National Tax Conference, digital assets expert Nik Fahrer, CPA, sympathized with tax pros who dread the upcoming tax season because of digital asset reporting requirements.

The documents that comprise the taxonomies can be accessed via FASB’s taxonomies webpage or individually at the following links: 2026 GRT (including the 2026 EBPT): Contains updates for FASB ...

University and college accounting programs are changing their teaching approaches. Fundamentals courses are becoming showcases for the profession’s opportunities. And in some places the focus is ...

The emotional aspects of a divorce often interfere with planning for the efficient distribution of the marital estate. The shock and ill feelings may create a barrier between spouses that prevents ...