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Public Sector Gradually Moves Toward Accrual Accounting
Accounting
Governments around the world are slowly but steadily moving away from cash-based accounting and toward accrual systems,…
Read More
Treasury Proposes Regulations Defining Qualified Tips and Eligible Occupations
Accounting
The US Treasury has issued proposed regulations that clarify how the new tip deduction under the One Big Beautiful Bill…
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IRS Drafts Schedule 1-A to Combine Four New Deductions
Accounting
The IRS has released a draft of Schedule 1-A (Form 1040), a single worksheet that gathers four deductions created by H.R. 1,…
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PCAOB Issues Guidance on Broker-Dealer Exemption Report Reviews
Accounting
The Public Company Accounting Oversight Board (PCAOB) has released a staff publication for auditors of SEC-registered…
Read More
IRS Plans to Close Nine Taxpayer Assistance Centers on Nov. 30
Accounting
According to Accounting Today, the IRS has notified Congress that it plans to close nine in-person Taxpayer Assistance…
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PCAOB Posts Technology Working Group Study and Recommendations
Accounting
On Sept. 3, the Public Company Accounting Oversight Board posted two documents from its Technology Innovation Alliance (TIA)…
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OECD Outlines Side-by-Side Path to Address US Concerns on Pillar Two
Advocacy
The Organization for Economic Co-operation and Development (OECD) has circulated a 30-page draft, dated Aug.13, proposing…
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IRS Moves to Rescind Deferred Resignations
Accounting
According to Federal News Network, the IRS will allow some employees who accepted incentives to leave the agency to rescind…
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IRS Wait Time Stats Don’t Match Taxpayer Experience
Advocacy
A new report from the Treasury Inspector General for Tax Administration (TIGTA) finds that key metrics used by the IRS to…
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