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AICPA recommends changes in IRS rules for S corp private letter rulings

The institute wants clarified and expanded guidance on taxpayer assistance procedures and when S corps don't need private letter rulings. ....

United States , Jon Williamson , Revenue Service , Treasury Department , American Institute , Internal Revenue Service , Tax Regulations ,

COSO offers guidance on internal controls over ESG reporting

The committee released a study Thursday on how to apply its widely used internal control framework to sustainability reporting. ....

United States , Jennifer Burns , Jon Anders Wiken , Douglas Hileman , Sharih Littan , Robert Hirth , Paul Sobel , Robert Herz , Jeffreyc Thomson , Leadership Knowledge Group , American Accounting Association , Corporate Reporting Research , Institute Of Management Accountants , American Institute , Institute Of Internal Auditors , Financial Executives International , Sponsoring Organizations , Treadway Commission , Management Accountants , Integrated Framework , Improve Confidence , Sustainability Performance Data , Lucia Wind , Knowledge Group , Thought Leadership , Csr Reporting ,

AICPA calls on IRS to reallocate extra $80B to improve taxpayer service

The majority of the service's extra funding from the Inflation Reduction Act is currently dedicated to improving tax enforcement to collect more revenue. ....

United States , Jan Lewis , American Institute , Tax Executive Committee , Revenue Service , National Taxpayer Advocate Erin Collins , Practitioner Services Division , Internal Revenue Service , Inflation Reduction Act , Executive Committee , Practitioner Services , Tax Laws ,

Filling the pipeline

Sue Coffey of the AICPA dives into why the number of people entering the profession isn't keeping up with demand and what accountants can do about it. ....

United States , Dan Hood , Kevin Parise , Association Of International Certified Professional Accountants , Peter University Of New Jersey , Sue Coffey , International Certified Professional Accountants , International Certified Professional , Audit Quality , New Jersey , Sue Coffee , Uncle Bob , Accounting Today ,

Concerns Remain, Execs More Optimistic About Revenue, Profit

Business executives still have grave concerns about the U.S. economy, but are more optimistic about revenue and profit expectations. ....

Industry Economic Outlook , Economic Outlook , Industry Economic Outlook Survey , Us Economy , Association Of International Certified Professional Accountants , Business Executives , Business Expansion , Corporate Expansion , Economic Outlook , Hiring Plans , Us Economy ,