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News
The changing world of government financial reporting
4+ mon, 2+ day ago (523+ words) The serious new pressures facing governments of all sizes are changing their financial reporting, says...Joel Black, the chair of the Governmental Accounting Standards Board — and GASB has a lot of projects...A lot of your stakeholders are in government…...
FASB releases guidance on accounting for government grants
9+ mon, 1+ week ago (354+ words) an accounting standards update Thursday providing authoritative guidance on the accounting for government...business assistance disclosures to address requests from investors for increased transparency about government...The amendments in the update include disclosure requirements about the nature of government grants,…...
Governmental Accounting Standards Advisory Council members appointed
8+ mon, 2+ week ago (256+ words) The trustees overseeing the Financial Accounting Foundation have named three new members of the Governmental...
IRS extends Business Tax Accounts to partnerships, nonprofits and government entities
5+ mon, 1+ week ago (305+ words) platform now for partnerships, tax-exempt organizations, and federal, state, local and Indian tribal governments...Business Tax Accounts to partnerships, tax-exempt organizations, and federal, state, local and tribal governments...Top 25 Firm Aprio is expanding its services for government contractors by combining…...
AICPA wants all IRS employees working during government shutdown
7+ mon, 2+ week ago (239+ words) Revenue Service for a contingency plan that would keep 100% of IRS employees on the job in case of a government...The AICPA expressed its angst about the prospect of another government shutdown on tax administration...After last fall's government shutdown,…...
Budget 2026: New Tax Regime May Get Home Loan, Health Insurance Deductions
7+ mon, 3+ week ago (417+ words) the personal income tax framework, with policymakers facing mounting pressure to make the new tax regime...select deductions, particularly home loan interest and medical insurance premiums, within the new regime...At present, most popular deductions are available only under the…...
IRS contingency plan for government shutdown unclear
11+ mon, 2+ week ago (388+ words) Now the IRS is facing the prospect of a government shutdown at midnight on Oct. 1 if Senate Republicans...and Democrats can't agree on a compromise to pass a continuing resolution to keep the government running...the current chaos in Washington,…...
Budget 2026: How FM Sitharaman Can Make New Tax Regime More Attractive, Experts Weigh In
7+ mon, 4+ week ago (641+ words) While the government has continued to simplify the regime by modifying slabs and reducing complexities...“Since the government has already made major improvements to the new income tax regime in Budget 2025...new regime...., while only 28 per cent opted for the…...
As AI replaces search, all roads lead to authority
1+ mon, 4+ week ago (808+ words) producing all the blogs, webinars and social posts they want to, but unless that content moves AI's authority...That's a radical change in how firms show authority and build trust....
Will FM Sitharaman Scrap The Old Tax Regime In Budget 2026-27? What Tax Expert Says
7+ mon, 2+ week ago (666+ words) Old Tax Regime Vs New Tax Regime: As Union Budget 2026-27 draws closer, taxpayers are hoping for tax...income tax regime as it continues to push taxpayers towards the new regime....The New Tax Regime is the default option from FY…...