Month: November 2024

Genuine Learning Blog: Proposed ASU – Disclosure of Supplier Finance Program Obligations

FASB has issued an exposure draft which would require additional disclosure about supplier financing arrangements sometimes referred to as reverse factoring. These disclosures would provide users with information about the agreements and the location of the obligation in the financial statements. Comments are due March 21. https://fasb.org/cs/ContentServer?c=Document_C&pagename=FASB%2FDocument_C%2FDocumentPage&cid=1176179161221 Has your organization or your clients entered into …

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Genuine Learning Blog: Information System Services Ethics Update

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members. Melisa is a speaker on audit topics at SCACPA’s annual Spring Splash and Fall Fest conferences. She also takes part in many SCACPA seminars and rebroadcasts. With over 15 years of experience in the accounting profession, …

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Accountable Blog: Managing Insurance Renewals

The end of the year is a busy time for CFOs and Controllers.  In addition to finishing up their CPE requirements for the year, those working in industry are also haggling with department heads about budgets, discussing any issues related to closing the books, and struggling to find a few minutes to allocate pay raises …

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Label Doesn’t Determine Rental Self-Employment Tax Exclusion and 4 more topics! Nichols’ Tax Update, Issue 22-1

Nichols’ Tax Update, Issue 22-1 Contact the author . . . e-mail . . . lynnnicholscpa@outlook.com I have relied on Tax Analysts® to provide reliable and timely analysis of Federal tax developments for over 30 years. The “headnotes” you see here are from “Tax Notes Today” In my opinion, the preeminent source of accurate information and thoughtful analysis of important …

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From the IRS: Important Pre-Filing Season Information

Submitted by the IRS With preparations for the next tax season starting, please note the IRS will be sending out two letters to taxpayers in January: It is important that your clients retain these letters. Entering incorrect advance child tax credit or economic impact payment amounts will cause delays in tax return processing and the …

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#WhyCPA? Because CPA is the Gold Standard 

Here are examples of the #WhyCPA messages: What does all this mean to you? It means your community will begin to better understand what you do and why what you do can, in turn, improve what they do. It means your community and clients will be educated on the difference between a CPA and a tax preparer or traditional accountant and …

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