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Accounting Pros Applaud IRS Moves on NFTs
Taxation
Accounting professionals are encouraged by the IRS's preliminary guidance regarding the tax treatment of nonfungible tokens…
Read More
FASB Proposes Accounting Standard for Crypto Assets
Accounting
The Financial Accounting Standards Board (FASB) has proposed a standards update on the accounting for, and disclosing…
Read More
With Gen Z More Eager Than Others to Return to the Office, Companies Make Compromises
NextGen
The members of the cohort known as Generation Z—those born between 1997 and 2012—generally want to go back to the office…
Read More
IRS Updates Form 1099-K FAQs
Taxation
The IRS has updated its frequently asked questions (FAQs) about Form 1099-K, the information return used for reporting…
Read More
Inflation Causing Some Companies to Shift Away from Last-in, First-out Accounting
Accounting
Squeezed by inflationary pressure on their earnings, companies are moving away from “last-in, first-out” (LIFO)…
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ChatGPT’s Use in the Workplace a Growing Topic of Debate
NextGen
The introduction of the viral chatbot ChatGPT has caused friction in the workplace between employees and employers, The Wall…
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Analysts Question Fed's Oversight After Bank Failures
Trusted Professional
After the recent failures of Silicon Valley, Signature and Silvergate Banks, some analysts have called the Federal Reserve…
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IRS Issues Guidance and Requests Comments on NFTs’ Tax Treatment
Taxation
The Treasury Department and the IRS have issued preliminary guidance regarding the tax treatment of nonfungible tokens…
Read More
Bank Collapse Prompts Another Look at Fair-Value Accounting for Securities
Accounting
The collapse of Silicon Valley Bank has prompted members of the banking and investment communities to reconsider accounting…
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