AccountantsWorld Daily News Oscars $100K Free Gifts Trigger IRS Tax Bill
(Forbes) - Free gifts are hard to resist, even if you're a star, unless they come with a tax bill. How can gifts be taxed as income? The answer is when they are not really gifts.
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Whatâs Happening at the Auditing Standards Board
(CPA Journal) - Itâs a new reporting standard, so itâs a new section in AU-C 700. Itâs mainly to address a couple of things. One, it adopts a new form of report for what we used to call limited scope audits;
State-by-State Guide to the Taxability of Digital Products
(CPA Practice Advisor) - Sales tax laws donât always keep up with the times. Although more and more of us now use digital products in our work and fill our free time with ebooks, Spotify, and Netflix, many states still donât tax their sale or rental of these products. Thatâs steadily changing.
Finding Value in Revenue Recognition Implementation
(JofA) - The challenges associated with FASBâs new revenue recognition standard have been substantial for many companies, but at least theyâre gaining valuable data and process improvements as a result of the implementation.
How to Connect Your iPhone or iPad to Your TV
(PC Mag) - Your iOS devices are great media players, but sometimes you want to watch on a big screen. Here's how to connect your iPhone or iPad to your TV.
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Oscars $100K Free Gifts Trigger IRS Tax Bill State-by-State Guide to the Taxability of Digital Products Accounting/Audit
Whatâs Happening at the Auditing Standards Board Finding Value in Revenue Recognition Implementation Business News
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