Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40). Public business entities must implement ...

A trust fund tax is a tax that is collected and accounted for by a third party, usually a business, which is then responsible for remitting the collected ...

For generations of CPAs, The CPA Journal has arrived in mailboxes as more than a publication—it has been a signal. A signal ...

IN BRIEF Joint ventures have been a popular vehicle for businesses to work together to share competencies and knowledge to reach a mutually beneficial outcome.… ...

Despite the increasing demand for accountants, the number of accounting students and graduates has been consistently declining in recent years. Many accountants have also left… In Brief Many ...

Over the last several years, private equity (PE)-backed companies have become increasingly active within the accounting field. Many CPA firm partners and leaders have received calls from interested PE ...

The shortage of individuals entering the CPA pipeline has reached a crisis stage. While professional institutions like the AICPA have been working on long-term strategies to address the problem, there ...

An individual may elect to defer some of their wages into a retirement plan through their employer’s plan [e.g., 401(k) plan]. That deferral could be as much as $24,500 for 2026. In addition, ...

The Bipartisan Budget Act of 2015 (BBA) created a “centralized system for audit, adjustment and collection of tax that [generally] applies to all partnerships,” with taxable years beginning after 2017 ...

Accountants are always aiming for precision in their work, striving for accuracy and transparency when describing the outcomes of a business's ...

One of biggest practice management challenges facing the accounting profession today is finding and keeping talent. Thought leaders have long been aware of the looming challenges presented by the ...