The CPA Journal - The Voice of the Accounting Profession
The CPA Journal is a publication of the New York State Society of CPAs, and is internationally recognized as an outstanding, technical-refereed publication for accounting practitioners, …
The Current Landscape of GHG Emissions Disclosure
Dec 20, 2024 · The SEC rule would mandate disclosure of Scopes 1 and 2 as well as require some reporting companies to disclose Scope 3 emissions in gross terms (i.e., before any …
Basic Tax Reporting for Decedents and Estates - The CPA Journal
Aug 3, 2021 · Gift and Estate Tax Returns. A fiduciary generally must file an IRS Form 706 (the federal estate tax return) only if the fair market value of the decedent’s gross assets at death …
Tax Treatment of Liquidations of Partnership Interests
Feb 9, 2021 · Redemption of a Partnership Interest. Redemptions of a partner’s entire partnership interests are governed by IRC section 736. That section does not affect the amount of income, …
FASB’s New Guidance on Accounting for Crypto Assets
Dec 25, 2024 · In December 2023, FASB issued ASU 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60).This final guidance requires all entities to measure …
The Future of Business Data Analytics and Accounting Automation
Jan 31, 2024 · The Value of Business Data Analytics. Michael Parrinello, CPA, is a partner at the Bonadio Group, a mid-sized accounting firm with offices in New York, Texas, and Vermont that …
Tax Consequences of Settlement and Litigation Award Payments ...
Nov 20, 2018 · When an individual receives a settlement or litigation award payment, the likely first question is whether the payment is taxable. While CPAs may know that the answer will …
Sustainability Reporting and the Greenwashing Challenge
Dec 23, 2024 · An ‘Alphabet Soup’ of Sustainability Standards. In the United States, there is an “alphabet soup” of sustainability standards and frameworks (see Exhibits 1 and 2).Companies …
Embrace the Opportunity - The CPA Journal
Dec 13, 2024 · Moreover, CFOs play a critical role in ensuring that sustainability is integrated into the overall corporate strategy. Because they have a seat at the C-suite table, they can ensure …
Fiduciary Duty, Due Care, and the Public Interest
Apr 3, 2020 · Fiduciary duty. Fiduciary duty is a legal concept established by law, not by any accounting, auditing, or other related professional standard. Black’s Law Dictionary defines …