All articles by Upasana Mukherjee
Upasana Mukherjee
UK tax incentives for savings and investments to reach £41.2bn
According to Bowmore Financial Planning, the increase is attributed to a 22% rise in tax breaks through ISAs.
ICMAI president supports potential merger of CA, CS, and CMA
Bibhuti Bhusan Nayak stressed the need for a structure that boosts governance, transparency, and efficiency.
AICPA backs bipartisan tax bills and more
The endorsed Electronic Filing and Payment Fairness Act suggests applying the “mailbox rule” to e-filed taxes.
HMRC warns UK businesses about tax avoidance scheme
The scheme operates by purchasing ‘advertising’ from the promoter, claiming a deduction for the expense, and reclaiming VAT.
US GASB seeks input on SFS and PD disclosures
The GASB’s current guidance on GCU combines elements of financial stress and continued existence.
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AICPA’s ARSC clarifies financial statement standard for CAS
The update notes that using AR-C section 70 is optional, but accountants can choose to apply it in full or in part as they see fit.
HMRC guidance on tax treatment of lump sum pension payments
ICAEW had previously urged the HMRC to address this issue, which has now been clarified through an updated guidance.
India’s ICAI revises CA exam schedule to three times per year
The CA final exam will now be available in January, May, and September.
CFA report calls for better disclosure of intangible assets
The report suggests that the current accounting for internally generated intangibles should be phased.
Pakistan’s ICAP forms ASEB
The board will focus on enhancing audit quality and promoting ethical conduct within the profession in Pakistan.