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Get the latest news and updates relevant to your business needs in bookkeeping, payroll, billing, and reporting.
Business Frame Weekly - FASB Seeks Input on Conceptual Framework / SEC Unveils 5-Year Strategic Plan / Alation Connected Sheets Launches
The Financial Accounting Standards Board (FASB) is currently seeking comments from stakeholders on the proposed new chapter of its Conceptual Framework related to the recognition/derecognition of an item in financial statements. Comments are due by Feb 21, 2023.
Business Frame Weekly - IRSAC Members Discuss Modernization / Crypto Traders Up 149% in 2020 / QuickBooks Desktop UK Discontinuing
The IRS Advisory Council (IRSAC) suggested in a report issued Wednesday that the IRS must build better trust with Congress members and speak more plainly with taxpayers in order to “modernize” the agency.
Business Frame Weekly - U.S. Inflation Cooling / Accounting & Finance Apprenticeship Program Launches / Financial Benefits of Offering a 401(k)
U.S. inflation cooled down in October by more than forecast. According to a Labor Department report, the consumer price index was up 7.7% year-over-year, and core prices advanced 6.3%, pulling back from a 40-year high.
Business Frame Weekly - Intuit Expects Above-Guidance Fiscal Year 2023 / Supreme Court May Challenge SEC, FTC / IRS Tax Gap to Increase
Global financial tech platform Intuit Inc., which consists of TurboTax, Credit Karma, QuickBooks, and Mailchimp, expects to report results for the first quarter fiscal 2023 above guidance ahead of its Nov 29 earnings announcement.