Journal of Accountancy - Accounting, tax, auditing news
The Journal of Accountancy is the ultimate resource for today’s CPA, providing daily professional and regulatory updates, breaking news and videos.
Injunction lifted; FinCEN extends most BOI deadlines to Jan. 13
Dec 23, 2024 · The Fifth Circuit Court of Appeals on Monday granted a Justice Department motion to lift an injunction imposed by a district court ruling. Hours later, FinCEN announced, …
January 2025 - Journal of Accountancy
NEWS APP How to add the JofA to your Apple News app This quick guide walks you through the process of adding the Journal of Accountancy as a favorite news source in the News app from …
Social Security wage base announced for 2025 - Journal of …
Oct 11, 2024 · The Social Security Administration announced an increased maximum amount of wages subject to Social Security tax in 2025. The cost-of-living adjustment for Social Security …
IRS again delays effective date of $600 threshold for Form 1099-K …
Nov 26, 2024 · The delay, the third by the IRS for Form 1099-K reporting for third-party settlement organizations, will treat 2024 and 2025 as transition years.
Medicare’s tricky rules on HSAs after age 65
Jul 1, 2021 · Individuals working past age 65 who want to continue contributing to a health savings account need to carefully follow Medicare’s enrollment rules to avoid significant …
Extension to BOI reporting deadline removed from budget bill
Dec 18, 2024 · The bill passed Friday night to avert a federal government shutdown didn't include a one-year extension to the deadline for companies to file beneficial ownership information …
Auto depreciation limitations increase - Journal of Accountancy
The IRS issued the 2024 depreciation limitations for passenger automobiles, including those for which bonus depreciation is applied.
What AI can do for auditors - Journal of Accountancy
Feb 1, 2024 · Artificial intelligence (AI) is a technology that auditors are exploring, but they may not yet be reaping all the benefits it can offer In an audit, AI can be used in a variety of ways, …
A Framework for Auditor Independence - Journal of Accountancy
n November the Independence Standards Board (ISB) issued an exposure draft (ED) of a conceptual framework for auditor independence containing the concepts and basic principles …