Accounting News This Week

Top Accounting News This Week

Accounting News This Week

Top accounting news from the last week. Some great stuff in particular the Forbes article at the bottom on why companies don’t focus on accounting departments.

New PCAOB members shaking things up

Since their arrival earlier this year, the board members of the PCAOB have been hard at work gathering insights from both internal and external sources.  Now they’ve come up with a 5 year plan, highlighting four major areas of development.  Read more…

New workaround for SALT limits?

Since the publication of the TCJA, several states have been searching for workarounds that would limit or reduce permissible deductions for state and local tax. Read more on the latest attempt and what the IRS has to say about it….

Tesla continues to struggle

What was supposed to be a reassuring interview with Elon Musk, after some disturbing tweets, ended in another 8.9 percent drop in stocks. Is Tesla’s CEO headed for replacement? Find out more…

Income tax changes for New Jersey

New legislation was passed July 1, 2018 regarding income tax changes.  Among the various areas affected were property tax and child care credits.  For more details, click here….

Accounting & Auditing Highlights

Read some of the latest highlights in public accounting!

A great read on the mistakes companies make when it comes to their accounting departments!

Why is it companies don’t put enough into the one department they rely on so much?

 

 For more information see our other Blog posts!

 

  1. https://www.complianceweek.com/blogs/accounting-auditing-update/pcaob-invites-comment-on-slimmer-strategic-plan#.W3lrNbgnZPY
  2. https://www.accountingtoday.com/news/state-unincorporated-business-taxes-could-provide-workaround-for-federal-limits
  3. https://www.cnbc.com/2018/08/17/tesla-tumbles-3point5-percent-ahead-of-elon-musks-reported-meeting-with-sec.html
  4. https://njcpa.org/stay-informed/topics/article/2018/08/13/recent-new-jersey-income-tax-changes

 

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