New GASB leases standard could be as difficult to implement as FASB’s

The Governmental Accounting Standards Board is giving state and local governments extra time to implement its new leases standard because of the coronavirus pandemic, and they will need it.

New GASB leases standard could be as difficult to implement as FASB’s


IRS plans to mask info on business tax transcripts

The Internal Revenue Service intends to start “masking” sensitive information to safeguard taxpayers against the threat of identity theft.

IRS plans to mask info on business tax transcripts


Niche marketing: How to gain a competitive edge by narrowing your firm’s focus

These most unconventional times call for concentrating on one or two areas of specialization within the accounting field and exploiting those to the max.

Niche marketing: How to gain a competitive edge by narrowing your firm’s focus


People & firms on the move: KPMG names chief diversity & inclusion officer

Bober Markey Fedorovich adopts new governance structure; Citrin Cooperman promotes 16; and more CPA news.

People & firms on the move: KPMG names chief diversity & inclusion officer


Tech news: TaxCycle integrates with Sage Accounting for Canada market, and more

BlueMail offers email-messaging hybrid app, and Tenenz debuts a free tax highlights video that firms can customize and use for lead generation.

Tech news: TaxCycle integrates with Sage Accounting for Canada market, and more


Net at Work acquires Sage partners Planet Earth Projects and Sysera

The company is also promoting its erpCommerce product for Sage X3, which is designed to enable companies to launch a fully transactional and fully Sage ERP integrated website.

Net at Work acquires Sage partners Planet Earth Projects and Sysera


PCAOB guides audit committees on estimates, specialists

A new resource aims to help educate them on new requirements in those two areas.

PCAOB guides audit committees on estimates, specialists


California rejects changing tax-cap law

Voters turned down Proposition 15, which would have changed how property taxes are assessed.

California rejects changing tax-cap law


Trump CFO’s family tax records reviewed by New York authorities

The investigation is looking into tax-free perks and benefits the chief financial officer of the Trump Organization may have received.

Trump CFO’s family tax records reviewed by New York authorities


RMD tables updated to reflect longer lives

The Treasury’s new rules will generally let retirees hold onto more of their savings for longer.

RMD tables updated to reflect longer lives