News

Senate Tax Reform Bill Contains More Changes
 

Senate Tax Reform Bill Contains More Changes

Posted: November 17, 2017
The Senate Finance Committee committee spent the week amending their tax reform bill, and the final version includes some changes beyond those included in the chairman’s mark released on Tuesday.

House Passes Tax Reform Bill
 

House Passes Tax Reform Bill

Posted: November 16, 2017
The U.S. House of Representatives passed the Tax Cuts and Jobs Act bill, H.R. 1, by a vote of 227–205, on Thursday afternoon, with all Democrats and 13 Republicans voting no. The legislation as passed had not been amended since its approval by the House Ways and Means Committee last week.


Overview of the Senate Tax Bill
 

Overview of the Senate Tax Bill

Posted: November 14, 2017
The AICPA Tax Advocacy team has provided a video overview of the Senate tax plan, including a comparison between the House and Senate versions on major provisions.


GASB Proposes Clarification to Guidance on Majority Equity Interests
 

GASB Proposes Clarification to Guidance on Majority Equity Interests

Posted: November 9, 2017
The Governmental Accounting Standards Board has proposed guidance that would clarify the accounting and financial reporting for a state or local government’s majority equity interest in an organization that remains legally separate after acquisition.

Details of Tax Reform Legislation Revealed
 

Details of Tax Reform Legislation Revealed

Posted: November 3, 2017
The Tax Cuts and Jobs Act incorporates many of the provisions listed in the Republicans’ September tax reform framework while providing new details.

Renew Your CPA License by Dec. 31
 

Renew Your CPA License by Dec. 31

Posted: October 31, 2017
The New Jersey State Board of Accountancy has mailed renewal notices to all licensed CPAs, PAs, RMAs and Public School Accountants. Licenses must be renewed by December 31.

IRS Announces Delay in Relaunching e-Services
 

IRS Announces Delay in Relaunching e-Services

Posted: October 30, 2017
The Internal Revenue Service says that it is reviewing its options for an "identity-proofing vendor" after terminating its contract with Equifax and that, as a result, its move to a Secure Access authentication platform for e-Services, originally scheduled for the end of October, has been delayed until further notice.