The IRS has issued new guidance on automatic accounting method changes. Revenue Procedure 2009-39 provides certain additions, modifications and clarifications to Revenue Procedures 2008-52 and 97-27 ...

The Internal Revenue Service has released a new revenue procedure that expands the waiver of eligibility rules for accounting method changes for some research or experimental expenses. Revenue ...

The ability of accounting software to adapt to business expansion represents a fundamental requirement for selection. A small ...

Experts at a recent conference laid out the pressures on accountants — and why firms can't afford to be passive about them.

As regulatory changes continue evolving, so does the financial landscape. Across industries, landscapes are shifting, and ...

Despite three dividend cuts in recent years, more dividend cuts are inevitable, in my opinion, due to negative operating cash flow and cash Distributable Earnings not covering the dividend. Recent ...

Gerlda B. Hines, Georgia’s state accounting officer since September 2021 and the first woman permanently appointed to the ...

IRC section 446(e) requires that a taxpayer secure IRS consent to change its method of accounting. Treasury regulations section 1.446-1(e)(2)(i) specifies that a taxpayer do this before computing its ...

With less than 6 months to go before coming into effect, the UK accounting standards are due to change and impact a host of major sectors. Now is the time for businesses to start preparing ...

From April 2027, Companies House will close its online filing service [1] for annual accounts. From that point, submissions must be done exclusively ...