NJCPA Office Move: Important Systems Access and Contact Information Posted: June 20, 2019 On July 1, the NJCPA will be in a modern new office location with a technologically advanced and inviting environment for learning. But getting from one location to another is a multi-step process. Here are a few important dates and details that will make it easier to get the support you need between now and July 1.
SEC Adopts Amendments to Improve the Application of the Auditor Independence Rules to Loan Provision Posted: June 19, 2019 The Securities and Exchange Commission has adopted amendments relating to the analysis that must be conducted to determine whether an auditor is independent when the auditor has a lending relationship with certain shareholders of an audit client.
GASB Issues Implementation Guide on Fiduciary Activities Posted: June 19, 2019 Implementation Guide No. 2019-2, Fiduciary Activities, answers many questions about how to apply the provisions of GASB Statement No. 84, Fiduciary Activities.
NASBA and AICPA Seek Input on Evolving Licensure Model Posted: June 19, 2019 The National Association of State Boards of Accountancy and the AICPA are requesting feedback on five guiding principles that are meant to inform the evolution of the licensure model.
GASB Proposes Guidance on Public-Private and Public-Public Partnership Arrangements Posted: June 17, 2019 The Exposure Draft provides proposed guidance for PPP arrangements that are outside of the scope of its existing literature for these transactions. The proposed Statement also would make certain improvements to the guidance currently included in Statement 60 and provide accounting and financial reporting guidance for APAs.
IRS, Treasury Issue GILTI Regs Posted: June 17, 2019 The Treasury Department and the IRS have issued final and proposed regulations concerning global intangible low-taxed income under section 951A, the foreign tax credit, the treatment of domestic partnerships for purposes of determining the subpart F income of a partner and the treatment of income of a controlled foreign corporation subject to a high rate of foreign tax under section 951A.
Staffing Remains Top Concern for CPA Firms, AICPA Survey Finds Posted: June 17, 2019 Staff recruitment remains the top issue for most CPA firms, while growing tax complexity and risk management regarding privacy and data security are rising challenges, new research by the AICPA shows.
IRS Issues Final Regs on Charitable Contributions and SALT Credits Posted: June 11, 2019 The U.S. Department of the Treasury and the IRS have issued final regulations that require taxpayers to reduce their charitable contribution deductions by the amount of any state or local tax credits they receive or expect to receive in return.
AICPA to Oversee New Internet Domain for CPAs Posted: June 10, 2019 The American Institute of CPAs is in the process of being awarded the .cpa domain, which will provide a defined global domain for CPAs worldwide to connect with their clients with increased trust, security and verification.
GASB Invites Governments to Provide Feedback About Implementation Posted: June 4, 2019 The Governmental Accounting Standards Board is inviting governments to participate in a new process for collecting information about the effort and costs associated with implementing major new pronouncements.