FASB Issues New Standard to Add Guidance on Accounting for Government Grants by Businesses
https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-new-standard-to-add-guidance-on-accounting-for-government-grants-by-businesses-423400
https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-new-standard-to-add-guidance-on-accounting-for-government-grants-by-businesses-423400
https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-trump-accounts-established-under-the-working-families-tax-cuts-notice-announces-upcoming-regulations
The IRS recently issued final regulations (T.D. 10037) regarding the application of the 1% excise tax on stock repurchases by publicly traded corporations under Sec. 4501. Introduced by the Inflation Reduction Act of 2022, the tax is based on the fair market value (FMV) of a corporation’s stock that certain corporations repurchase during a tax
IRS Issues Final Regulations on Stock Repurchase Excise Tax Read More »
https://www.fasb.org/news-and-meetings/in-the-news/fasb–issues-new-standard-to-improve-hedge-accounting-guidance-423381
FASB Issues New Standard to Improve Hedge Accounting Guidance Read More »
https://www.aicpa-cima.com/news/article/aicpa-state-cpa-societies-urge-department-of-education-to-recognize
https://www.irs.gov/newsroom/treasury-irs-provide-guidance-for-individuals-who-received-tips-or-overtime-during-tax-year-2025
https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-tax-benefit-for-lenders-on-loans-secured-by-farm-or-rural-property-under-the-one-big-beautiful-bill
The IRS recently announced the production shutdown and acknowledgment retrieval schedule for the Modernized e-File (MeF) system to prepare for the upcoming tax filing season. The schedule is as follows: The shutdown for “Send Submissions” will begin at 11:59 a.m. Eastern Time on Friday, Dec. 26, 2025. Transmitters may continue to use all other service
Modernized e-File Production Shutdown Schedule Read More »
https://www.irs.gov/newsroom/401k-limit-increases-to-24500-for-2026-ira-limit-increases-to-7500
401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500 Read More »
https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-first-quarter-of-2026
Interest rates remain the same for the first quarter of 2026 Read More »