Clarifying that business interest expense subject to Sec. 163 (j) includes any interest incurred and capitalized during the tax year, except for interest capitalized under Secs. 263 (g) and 263A (f); ...

We wrapped up our annual Conference on Current SEC and PCAOB Developments last week, and it’s hard to pick a single theme or ...

The Professional Ethics Executive Committee voted to issue an exposure draft of Proposed Revisions Related to Alternative ...

GASB issued Statement No. 105, Subsequent Events, which clarifies types of subsequent events and information that should be ...

Despite the Eleventh Circuit holding that the Corporate Transparency Act is constitutional, an interim rule from Treasury ...

At the AICPA National Tax Conference, digital assets expert Nik Fahrer, CPA, sympathized with tax pros who dread the upcoming ...

The documents that comprise the taxonomies can be accessed via FASB’s taxonomies webpage or individually at the following ...

A coalition’s letter to the Department of Education expresses opposition to draft regulations that would exclude accounting ...

Several GAQC resources are available to assist practitioners involved in single audits and federal grant compliance with putting the delayed OMB supplement to use.

The problems began the year after the audit report was issued. The audit had gone well, and, like previous years, an unmodified opinion was issued. Armed with a clean opinion, the client attracted a ...

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

Some new rules concerning the deductibility of charitable contributions were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act. The changes introduce incentives ...