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The Addition, ASCPA Weekly Digital Newsletter
Authors
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Megan Hughes
Helen Oglesby
Jeannine Birmingham
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AICPA Tax Executive Committee Approves Revised Tax Standards Following Comment Period
In August 2022, the American Institute of CPAs (AICPA) released proposed revisions to the Statements on Standards for Tax…
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Article: How Mental Shortcuts Expose You to Wire Fraud Risk
Despite awareness, a CPA’s client service focus may lead to wire fraud claims. Learn to short-circuit a faulty mental…
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Aon Risk Alert: Navigating Corporate Transparency Act/Beneficial Ownership Reporting
Starting January 1, 2024[1], a significant number of businesses will be required to comply with the Corporate Transparency…
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From Bradley: Remind Your Clients to Renew Their Alabama DOR Tax Account License (or Obtain a Copy of Their Customer’s 2024 License)
The Alabama Department of Revenue (or “ALDOR”) just posted on their website a timely reminder to all companies that sell…
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401(k) limit increases to $23,000 for 2024; IRA limit rises to $7,000
The Internal Revenue Service announced on November 1 that the amount individuals can contribute to their 401(k) plans in…
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IRS Offers Process for Withdrawing Bogus ERC Claims
From Accounting Today, October 20, 2023 The Internal Revenue Service is giving employers a way to rescind inaccurate claims…
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Corporate Transparency Act Presents Opportunity and Risk for Firms
From Accounting Today, October 19, 2024 Accounting firms across the U.S. must prepare now to advise their clients and be…
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AICPA Resources for BOI Reporting
Beginning January 1, 2024, most companies created in or registered to do business in the U.S. will need to will need to…
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IRS Announces Withdrawal Process for Employee Retention Credit Claims; Special Initiative Aimed at Helping Businesses Concerned about an Ineligible Claim Amid Aggressive Marketing, Scams
As part of a larger effort to protect small businesses and organizations from scams, the Internal Revenue Service today…
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