GC Consultants Inc - Giuseppe Brusa CPA LLC

The Financial Accounting Foundation (FAF) has appointed Hillary H. Salo as Vice Chair of the Financial Accounting Standards Board (FASB). Salo, a former KPMG partner and SEC accounting fellow, brings extensive experience and leadership to her new role. Praised for her outstanding leadership and deep accounting knowledge, she is expected to significantly contribute to the FASB's future initiatives. 📍 What is this about? 🐦 Follow us on #twitter: https://lnkd.in/d3RYR_7k https://ln.run/ZLvi8 #FASBLeadership #AccountingExcellence #HillarySalo

The AICPA & CIMA has awarded Vernon J. Richardson, PhD, from the University of Arkansas, the Distinguished Achievement in Accounting Education Award for his significant contributions to accounting education and curriculum development across the United States. Richardson's work, particularly in integrating data analytics into accounting education, has not only reshaped the academic landscape but also guided numerous students and professionals in advancing their careers in the field. 📍 What is this about? 🐦 Follow us on #twitter: https://lnkd.in/d3RYR_7k https://ln.run/A4kqW #AccountingEducation #DataAnalytics #AICPAAward

The Internal Revenue Service has announced the agenda for the upcoming Nationwide Tax Forum, offering tax professionals 45 seminars on a variety of topics including tax law, digital assets, and cybersecurity, along with panels on combating tax scams and fraud. Additionally, an early bird registration rate is available for a limited time before standard pricing applies, and members of participating associations can receive additional discounts. 📍 What is this about? 🐦 Follow us on #twitter: https://lnkd.in/d3RYR_7k https://ln.run/Gn4dq #NationwideTaxForum #TaxProEducation #IRSUpdates

The annual report, “Standards That Work from Main Street to Wall Street,” commemorates the anniversary of the creation of the Governmental Accounting Standards Board (GASB). It reviews the Board's milestones in developing transparent and inclusive accounting standards that enhance financial reporting for taxpayers, officials, and investors. The report includes insights from FAF, FASB, and GASB leaders, highlights of standards and drafts, and comprehensive management discussions and audited financials. 📍 What is this about? 🐦 Follow us on #twitter: https://lnkd.in/d3RYR_7k https://ln.run/ArQv8 #GASBAnniversary #AccountingStandards #FinancialTransparency

Simon Bittlestone has been appointed as the 91st President of the Chartered Institute of Management Accountants (CIMA) and the 9th Chair of the Association of International Certified Professional Accountants. During his term, he will focus on fostering innovation and transformation in the profession, emphasizing sustainability and inclusion to adapt to rapidly changing demographics and technologies in the field. 📍 What is this about? 🐦 Follow us on #twitter: https://lnkd.in/d3RYR_7k https://ln.run/Yo6fI #CIMALeadership #FinanceInnovation #SustainableAccounting

The Internal Revenue Service (IRS) has issued a warning about an increase in impersonation scams targeting older adults, where fraudsters pose as government officials like IRS agents to steal personal information and money. This alert is part of broader efforts leading up to World Elder Abuse Awareness Day, aiming to enhance the protection of seniors through collaboration with federal agencies and the tax community to combat these deceptive schemes. 📍 What is this about? 🐦 Follow us on #twitter: https://lnkd.in/d3RYR_7k http://surl.li/ulnoe #StopElderScams #IRSAlert #ProtectOurSeniors

The AICPA provided recommendations to simplify tax classification for purpose trusts, aiming to reduce compliance complexity for taxpayers and practitioners. These proposals seek to clarify the tax treatment of purpose trusts and similar structures, addressing uncertainties and streamlining filing processes. 📍 What is this about? 🐦 Follow us on #twitter: https://lnkd.in/d3RYR_7k https://lnkd.in/eFdMSDiz #TaxSimplification #PurposeTrusts #AICPAAdvocacy

The IRS and Treasury issued FAQs in Fact Sheet 2024-19, addressing retirement plan distributions and loans for individuals impacted by federally declared major disasters, as provided under the SECURE 2.0 Act. The FAQs offer guidance on taxation, reporting, repayment, and loans from qualified plans in disaster-affected areas. 📍 What is this about? 🐦 Follow us on #twitter: https://lnkd.in/d3RYR_7k https://lnkd.in/gTCAXA4F #IRSFAQs #DisasterRelief #RetirementPlans

The AICPA has submitted recommendations to the U.S. Treasury and IRS regarding regulations on long-term, part-time employee rules for retirement plans. These recommendations aim to clarify implementation dates, vesting requirements, and conditions for excluding employees, ensuring compliance and reducing administrative complexity. 📍 What is this about? 🐦 Follow us on #twitter: https://lnkd.in/d3RYR_7k https://lnkd.in/dhzcjWQJ #AICPAIRSclarification #retirementplanrules #compliancestreamlining

The 2024 Tax and Financial Planner offers monthly planning tips, including education cost savings, aiding client discussions on financial planning. A new podcast episode discusses valuing life insurance policies for gift tax returns amid tax strategy shifts. 📍 What is this about? 🐦 Follow us on #twitter: https://lnkd.in/d3RYR_7k https://lnkd.in/dviB6bwQ #FinancialPlanningTips #TaxPlanner #GiftTaxReturns