Accounting
Millions more workers to get overtime pay under Biden plan
More than 3 million workers would be newly eligible for overtime pay when they work more than 40 hours a...
Forvis sees revenue grow 13% to $1.7B in first year
Top 10 Firm Forvis reported annual revenue of $1,685,539,000 for the fiscal year ending May 31, 2023, a 13% increase...
Generative AI: Optimizing pursuits to fuel growth
The Virginia Society of CPAs' Future of Work Survey 2022 found that the most significant challenges facing CPA firms are...
FASB approves income tax reporting standard
The Financial Accounting Standards Board voted Wednesday to require companies to tell the public more about the taxes they pay....
IFAC highlights sustainability reporting to world finance leaders
The International Federation of Accountants issued a call to action this month to the G20 finance leaders urging them to...
IRS updates guidance on handling special state tax payments
The Internal Revenue Service issued guidance Wednesday on how taxpayers should report the special tax payments, refunds and rebates they...
IRS requires business to start e-filing Form 8300 in 2024
The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over...
Digital collaboration: Building stronger remote accounting teams
The World Economic Forum, back in 2020, predicted that over half of the workforce would be remote in the coming...
FASB supplements conceptual framework with recognition and derecognition info
The Financial Accounting Standards Board released another chapter Wednesday of its conceptual framework related to the recognition and derecognition of...
Ethanol maker says U.S. ‘green’ jet fuel fate hinges on tax policy
Corn farmers and biofuel producers are poised to gain from turning ethanol into sustainable jet fuel — depending on how...
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