Leaders of the accounting profession across the world made a united stand Tuesday in calling for accountants to put their skills to work to help businesses fight climate change. Fourteen accounting bodies representing members worldwide published a call to action urging accounting professionals to put sustainability and the fight against climate change at the forefront […]
Accounting profession leaders call for action against climate change
Leaders of the accounting profession across the world made a united stand Tuesday in calling for accountants to put their skills to work to help businesses fight climate change. Fourteen accounting bodies representing members worldwide published a call to action urging accounting professionals to put sustainability and the fight against climate change at the forefront […]
What Is Form 1065?
Is your business structured as a partnership or multi-member LLC? If so, you must file Form 1065 annually. Read on to learn what is Form 1065 and what kind of information you need to fill it out. And, find out how to file the tax form, including where to send it and when it’s due. […]
Proposed regs. issued on meal and entertainment expense deductions
In REG-100814-19, the IRS issued proposed rules clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal and entertainment expense deduction under Sec. 274 made by the tax law known as the Tax Cuts and Jobs Act (TCJA), […]
Better Every Day: We become what we think about – Accounting Today
I had the opportunity to sit down with Roman Kepczyk of Right Networks to record a “Better Every Day” podcast episode. Roman has always been an inspiration to me — one of those unique individuals who truly lives his life, both professional and personal, with intention. A person who maintains a conscious focus on learning, […]
What is the Maximum Income Tax You can Save (FY 2019-20)?
What is the Maximum Income Tax I can save for this Year (FY 2019-20)? A question I am often asked. Tax laws keep changing year on year especially in Budget. We publish eBook every year after budget which tells you about all tax saving options that are available to an individual (both salaried & business). In this post […]
‘The stuff we learn… is so applicable’: Creighton accounting students help others file taxes for free – KETV Omaha
Creighton University students are giving back to their community by helping others file their income taxes for free.Creighton’s accounting program is working with the Volunteer Income Tax Assistance (VITA) program to do this. Kristin Swolley spent her Saturday morning filing her taxes, with the help of accounting students at Creighton University.”You just take your stuff, […]
Creighton accounting students help others file taxes for free – KETV Omaha
Quanecia Fraser Creighton accounting students help others file taxes for free Share Shares Updated: 8:42 AM CST Feb 22, 2020 Hide Transcript Show Transcript COMING UP ON 8:05, FILING YOUR EARNINGS COULD BE EASIER AND FREE IF YOU QUALIFY. CREIGHTON UNIVERSITY STUDENTS ARE TAKING PART IN TAX SEASON. WAVERLE: THEY WILL HELP OTHERS FILE THEIR […]
GASB proposes criteria for financial statement disclosures
A proposed concepts statement issued Friday by GASB would establish new criteria for state and local governments to follow in developing their disclosures for notes to financial statements. The exposure draft, Communication Methods in General Purpose External Financial Reports That Contain Basic Financial Statements: Notes to Financial Statements, describes the types of information that should […]
FASAB clarifies loss allowance for intragovernmental receivables
Accounting guidance for federal government entities on the loss allowance for intragovernmental receivables was clarified in a technical bulletin issued Thursday by the Federal Accounting Standards Advisory Board. Technical Bulletin 2020-1, Loss Allowance for Intragovernmental Receivables, explains that the recognition of losses, provided in Paragraphs 40–52 in Statement of Federal Financial Accounting Standards 1, Accounting […]