Art of Accounting: Writing better

Accountants are not known as writers; however, most of what we do is written. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-writing-better

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SEC’s Clayton plans to step down as chairman at year’s end

Jay Clayton, who has led the U.S. Securities and Exchange Commission for most of President Donald Trump’s term in office, said in a statement Monday that he will step down at the end of the year. Original Article Posted at : https://www.accountingtoday.com/articles/secs-clayton-plans-to-step-down-as-chairman-at-years-end

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Biden’s team sees promise in a tax break championed by Trump

President Donald Trump spent months on the campaign trail taking credit for “opportunity zones,” a policy meant to encourage investment in distressed communities across the U.S. Joe Biden’s team sees potential in the idea, too. Original Article Posted at : https://www.accountingtoday.com/articles/bidens-team-sees-promise-in-a-tax-break-championed-by-trump

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New GASB leases standard could be as difficult to implement as FASB’s

The Governmental Accounting Standards Board is giving state and local governments extra time to implement its new leases standard because of the coronavirus pandemic, and they will need it. Original Article Posted at : https://www.accountingtoday.com/news/new-gasb-leases-standard-could-be-as-difficult-to-implement-as-fasbs

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IRS plans to mask info on business tax transcripts to guard against ID theft

The Internal Revenue Service said Friday it intends to start “masking” sensitive information on business tax transcripts, beginning Dec. 13, to safeguard taxpayers against the threat of identity theft. Original Article Posted at : https://www.accountingtoday.com/news/irs-plans-to-mask-info-on-business-tax-transcripts-to-guard-against-id-theft

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