2014 News Archive
 

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GWSCPA News

2015 inflation adjusted items and tax tables issued

The IRS issued the annual inflation adjustments for 2015 for more than 40 tax provisions as well as the 2015 tax rate tables for individuals and estates and trusts ( Rev. Proc. 2014-61 ). Among the inflation-adjusted amounts that have increased...

FASB Issues Proposals on Fair Value Measurement & Earnings Per Share

Today the FASB issued the following Exposure Drafts: Proposed Accounting Standards Update, Earnings Per Share (Topic 260): Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions (a consensus of the FASB...

Changes Coming Next Year in W 2 and 1099 Forms

The Internal Revenue Service is making changes in W-2 and 1099 forms and reporting requirements, starting next year. Read more on Accounting Today .

FASB Meeting Tentative Decisions: October 29, 2014

At its October 29 meeting, the FASB discussed (1) Accounting for Financial Instruments—Impairment and (2) Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. Read more at FASB.org .

Goodwill Impairment Drops to Five Year Low

Public companies reported the lowest levels of goodwill impairment in 2013 since the financial crisis touched off a downward spiral in corporate values beginning in 2008. In its annual study of goodwill impairment, valuation firm Duff &...

AICPA and GWSCPA Announce Winners of 2014 Women to Watch Awards

2014 Women to Watch Awards | Press Release FOR IMMEDIATE RELEASE State Society Contact: Ashley Fearn 202.601.0564 | afearn@gwscpa.org AICPA and Greater Washington Society of CPAs Announce Five Winners of Women to Watch Award Program Recgonizes...

G&A Cost Management, Reimagined

The nature of overhead costs has changed markedly in recent years, demanding a rethinking of how they're understood and managed. A shift in recent years in the kinds of overhead costs companies are incurring demands a reconsideration of the way...

Report: IRS leaves out 500k ID theft victims

The IRS didn’t give more than half a million taxpayers that were victims of identity theft an identification number to smooth their filing process in 2013, according to an inspector general report released Tuesday. The tax agency has made...

Judge Dismisses AICPA Lawsuit against the IRS

A federal judge has dismissed a lawsuit against the Internal Revenue Service by the American Institute of CPAs over its new program offering voluntary education and testing of non-CPA tax preparers. Judge James Boasberg, the same judge who handed...

N.Y. top court is good friend to global banks, foreign account holders

New York’s highest court did a big favor for international banks last week in its decision in Motorola v. Standard Chartered . But they’re not the only beneficiaries of the ruling, at least as the banks tell the story. According to amicus briefs...