Technology April 25, 2023
In a Battle Between ChatGPT and Accounting Students, the Students Won
While ChatGPT still has work to do in the realm of accounting, it is a game changer for teaching and learning, academics say.
Accounting April 25, 2023
CPA Candidates Given 12 Additional Months to Pass Exam, NASBA Says
However, individual state boards of accountancy will still need to adopt this new NASBA policy before it takes effect.
Firm Management April 24, 2023
Deloitte U.S. to Trim Risk and Financial Advisory Staff by 3%
Overall, the Big Four firm will be letting go of roughly 1,200 employees, or 1.5% of its 80,000-person U.S. workforce.
Firm Management April 20, 2023
Top 100 Firms EisnerAmper and Postlethwaite & Netterville Combine
More than 575 professionals from P&N will join EisnerAmper once the deal closes this summer.
Firm Management April 18, 2023
EY is Laying Off 3,000 Employees in the U.S.
The job cuts come less than a week after EY shelved a yearlong plan to restructure the firm globally.
Accounting April 14, 2023
FASB Issues New Accounting Rules for Investments in Tax Credit Structures
Reporting entities can now elect to account for qualifying tax equity investments using the proportional amortization method.
Accounting March 24, 2023
FASB Issues Long-Awaited Exposure Draft on Crypto Asset Accounting
Board said fair value accounting was the right method for crypto assets, not the current cost-less-impairment model.
Taxes March 23, 2023
IRS Sets Initial Guidance on NFTs
The IRS and the Treasury Department are leaning toward treating NFTs as a collectible for tax purposes.
Accounting March 22, 2023
Texas Close to Allowing CPA Candidates to Test with 120 Credits
The bill, passed by the Texas Senate on Tuesday, now advances to the Texas House of Representatives for a vote.
Taxes March 21, 2023
IRS, Treasury Let U.S. Semiconductor Chip Makers Know How to Claim Tax Credit
Tax incentive looks to boost the making of semiconductors and semiconductor manufacturing equipment in the U.S.
Accounting March 16, 2023
FASB Sets Out Plan to Improve Income Tax Disclosures
The proposed ASU addresses investor requests for more transparency about income tax information.
Taxes March 15, 2023
IRS Bolsters Digital Scanning Abilities
The IRS has scanned more than 120,000 paper forms 940 since the start of this year as part of its new Digital Intake initiative.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
