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Trump berates Republicans to 'Stop talking,' pass tax cuts | Accounting Today
President Donald Trump called on members of his party to unite behind his economic agenda in Congress, putting pressure on factions of lawmakers who are calling for last-minute changes to the legislation to drop their demands.
IRS can only give tax data to ICE in deportation, criminal cases | Accounting Today
The IRS can share taxpayer data with federal immigration officials only in cases involving immigrants with final deportation orders or ongoing criminal investigations, according to a newly unsealed agreement between the Treasury and Homeland Security departments.
'One big beautiful bill' full of tax surprises | Accounting Today
The far-reaching tax reconciliation bill advanced this week by the House Ways and Means Committee is full of provisions that would not only extend the expiring provisions of the Tax Cuts and Jobs Act of 2017, but add significant new provisions to the Tax Code.
IAASB offers guidance on going concern standard | Accounting Today
The International Auditing and Assurance Standards Board released additional information Thursday on its new going concern standard, while the the International Public Sector Accounting Standards Board issued an exposure draft on materiality for public comment.
New Jersey CPAs back additional pathway to CPA licensure | Accounting Today
The New Jersey Society of CPAs is proposing an additional pathway to obtain CPA licensure in the Garden State, backing a bill that would modify New Jersey's Accountancy Act to allow CPA candidates to qualify for licensure by earning a bachelor's degree, completing two years of experience and passing the CPA exam.
Trump tax plan gains momentum in House before floor vote | Accounting Today
President Donald Trump's signature economic package took a major step toward becoming law when the House Ways and Means Committee approved trillions in new tax cuts for corporations, households and small businesses on a party-line vote.
FASAB mulls accounting impact of federal reorganization | Accounting Today
The Federal Accounting Standards Advisory Board is asking for input on emerging accounting issues and questions related to reporting entity reorganizations and abolishments as the federal government endures wide-ranging layoffs and reductions in force, including the elimination of entire agencies by the Elon Musk-led Department of Government Efficiency.