The IRS again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations (TPSOs) and will treat 2024 and 2025 as transition years, the Service ...

FASB published an update Tuesday aimed at improving guidance on the reporting of induced conversions related to settlement of convertible debt instruments. The Accounting Standards Update (ASU) ...

Clients often get confused about how enrollment in Medicare affects their eligibility to contribute to a health savings account and what to do if they erroneously made HSA contributions after their ...

With about two in three transformations failing, a leader navigating three transformations at one time explains how she plans to avoid becoming a statistic.

The Governmental Accounting Standards Board aims to bring clarity to the financial reporting of subsequent events and to a variety of topics in its implementation guide.

The IRS extended the deadline for third-party payers that filed employee retention credit (ERC) claims for clients to use the consolidated claim process to resolve incorrect claims (IR-2024-296). In ...

Kelly L. Williams, CPA, Ph.D., explains four depreciation functions, which have three required arguments in common: cost, salvage, and life.