Accounting News of The Week

Top Accounting News This Week

Accounting News of The Week 

July 10, 2019

We bring you each week the Accounting News of the Week:

The IRS responds to TAS recommendations

This year, the national taxpayer advocate made 100 recommendations to the IRS for the 2018 year. Read the full article to see how the recommendations of TAS were prioritized and how the IRS responded.

 

The IRS makes improvements to the 1040 form

In an effort to simplify and streamline personal tax filing, the IRS has removed several lines from the 2017 version of the 1040 form.  These lines have been replaced by schedules.  For more details, click here.

 

How to Fund your CPA education

Earning a CPA degree is a sure fire way to launch your accounting career, yet financing the tuition can get tricky.  Read how these savvy accounting students helped finance their degree.

 

SEC redefines “smaller reporting company”

The SEC has recently raised the threshold for SRC classification.  See what this means for the 966 companies that will now be classified as SRC.

The coming ‘labor shortage’ in America is great news for workers

“America’s labor shortage is approaching epidemic proportions, and it could be employers who end up paying,” CNBC reported this week. That was before yet another monthly jobs report showing solid growth in jobs and wages.

 

  1. https://njcpa.org/stay-informed/topics/article/2018/06/27/national-taxpayer-advocate-identifies-priority-areas-in-mid-year-report-to-congress
  2. https://www.journalofaccountancy.com//news/2018/jun/2018-irs-form-1040-with-schedules-201819245.html
  3. https://www.accountingtoday.com/news/virginia-society-of-cpas-awards-over-58k-in-scholarships
  4. https://www.journalofaccountancy.com/news/2018/jun/sec-definition-smaller-reporting-company-201819259.html
  5. http://www.businessinsider.com/labor-shortage-good-news-workers-2018-7

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