CPA business executives improve their outlook on economy

CPA business executives improve their outlook on economy

CPAs who are also top executives at their companies are feeling a little more upbeat about the U.S. economy as recession fears fade, and more of today’s top stories.?

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CPA business executives improve their outlook on economy

Inflation no longer retains the top spot among the business challenges cited by the survey respondents since the end of 2021.

In other news today:

IRA fosters small-biz optimism and IRS efficiencies

A new survey suggests small businesses see the economy — and the tax service — improving.

IRS requires business to start e-filing Form 8300 in 2024

The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over $10,000, starting Jan. 1, 2024.

IFAC highlights sustainability reporting to world finance leaders

The International Federation of Accountants issued a call to action to the G20 finance leaders urging them to focus more on sustainability as a way to achieve the United Nations' Sustainable Development Goals.

FASB approves income tax reporting standard

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

IRS updates guidance on handling special state tax payments

The Internal Revenue Service issued guidance on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.

Albert Nguyen

Wholesaler at Allergy, Asthma & Sinus Center

1 年

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