PCAOB Standards and Related Rules
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This page provides a description of the publication PCAOB Standards and Related Rules
Published on March 08, 2013
2012 Standard Mileage Rates Released
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The IRS released standard mileage rates for use in 2012
Published on January 31, 2012
IRS Releases Standard Mileage Rates for 2013
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Optional standard mileage rates for use of a vehicle went up by 1 cent per mile for 2013
Published on January 31, 2013
New Compilation and Review Engagements Standard
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In December 2009, the Accounting and Review Services Committee (ARSC) issued Statement on Standards for Accounting and Review Services (SSARS) No. 19, Compilation and Review Engagements (AICPA, Professional Standards), which includes the most significant changes to the compilation and review standards since 1978...
Published on November 06, 2012
IRS Releases 2011 Standard Mileage Rates
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The IRS released the standard mileage rates for use in 2011. Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile
Published on February 01, 2011
Applying AICPA Business Valuation Standards in Tax Practice
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the AICPA issued Statement on Standards for Valuation Services (SSVS) No. 1, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset, effective for all engagements accepted on or after January 1, 2008. The...
Published on May 02, 2010
AICPA Tax Standards Strengthened
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Revised AICPA statements on standards for Tax Services (SSTS) became effective on January 1, 2010, and provide high, enforceable ethical responsibilities for CPAs in providing tax services
Published on April 13, 2010
The Tax Return Preparer Standard Policy Developments
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The tax return preparer standard set forth in Sec. 6694 has been subject to a series of revisions and refinements
Published on January 28, 2011
The Proposed Statement on Standards in Personal Financial Planning What Does It Mean for You
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To adapt to this rapidly evolving area of practice, the AICPA released this spring an exposure draft of the Proposed Statement on Standards in Personal Financial Planning Practice
Published on June 11, 2013
IFRS in the U.S.
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The United States and the world are on a clear path to move to one set of global accounting standards. In fact, the one common theme we’ve seen in comments about the U.S. Securities and Exchange Commission’s (SEC) proposal to adopt International Financial Reporting Standards (IFRS...
Published on January 28, 2011
Help Your Clients Gamble to Win
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With the Standard & Poor’s 500 Index (S&P) dropping over 11 percent in the second quarter of this year, many investors are still fearful of the stock market. Consequently households, businesses...
Published on January 28, 2011
IFRS and Your Tax Practice
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International financial reporting standards (IFRS) are coming, and tax advisers need to understand the implications for their clients
Published on January 28, 2011
Are Critics Against the Adoption of IFRS So Compelling
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International Financial Reporting Standards (IFRS) was the hot topic in accounting areas for several years, but it appears to have faded away. Various reasons explain this swing. We can mention the state of...
Published on January 28, 2011
Applying the Material Participation Standards to Nongrantor Trusts
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A taxpayer may deduct losses generated from passive activities only to the extent of the income from such activities. For this purpose, any trade or business or other income-producing activity is passive with respect to a taxpayer if the taxpayer does not materially participate in the activity.
Published on January 28, 2011
IRS Questions Willfulness Standard in Circular 230 Proceedings
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This item summarizes the current definition of “willfulness” for purposes of Circular 230.
Published on January 28, 2011