NEWSLETTERS

2024-05-01T12:04:02-04:00

May 2024

NEUHAUS CPAs MAY 2024 NEWSLETTER Neuhaus CPAs 311 Blvd of the Americas Suite 303 Lakewood, NJ 08701 (732) 886-5430 [...]

  • IRS warns about more tax scams May 17, 2024
    The IRS said scams involving the fuel tax credit, the sick and family leave credit, and household employment taxes led thousands of taxpayers to file inflated refund claims.
  • SEC strengthens requirements for response to data breaches May 16, 2024
    Changes to Regulation S-P call for covered institutions to develop an incident-response plan beginning in 2026.
  • New SSAE caps standards related to quality management May 15, 2024
    The statement offers new definitions of “other practitioner” and completes the suite of standards that firms performing A&A services are required to use to design and implement a QM system by Dec. 15, 2025, and to perform A&A services in accordance with for engagements beginning on or after that date.
  • Regulations finalize PTIN fees for tax return preparers May 14, 2024
    The IRS was required to reduce the charge for preparer tax identification numbers after a federal court found the previous amount excessive. The final regulations adopt the text of interim final and proposed regulations issued in 2023 without change.
  • PCAOB updates general auditor responsibilities, quality control rules May 14, 2024
    PCAOB updates general auditor responsibilities, quality control rules AS 1000, General Responsibilities of the Auditor in Conducting an Audit, replaces AICPA-provided standards, and QC 1000, A Firm’s System of Quality Control, considers the AICPA’s new quality management standards.

NEWSLETTERS

2024-05-01T12:04:02-04:00

May 2024

NEUHAUS CPAs MAY 2024 NEWSLETTER Neuhaus CPAs 311 Blvd of the Americas Suite 303 Lakewood, NJ 08701 (732) 886-5430 [...]

  • IRS warns about more tax scams May 17, 2024
    The IRS said scams involving the fuel tax credit, the sick and family leave credit, and household employment taxes led thousands of taxpayers to file inflated refund claims.
  • SEC strengthens requirements for response to data breaches May 16, 2024
    Changes to Regulation S-P call for covered institutions to develop an incident-response plan beginning in 2026.
  • New SSAE caps standards related to quality management May 15, 2024
    The statement offers new definitions of “other practitioner” and completes the suite of standards that firms performing A&A services are required to use to design and implement a QM system by Dec. 15, 2025, and to perform A&A services in accordance with for engagements beginning on or after that date.
  • Regulations finalize PTIN fees for tax return preparers May 14, 2024
    The IRS was required to reduce the charge for preparer tax identification numbers after a federal court found the previous amount excessive. The final regulations adopt the text of interim final and proposed regulations issued in 2023 without change.
  • PCAOB updates general auditor responsibilities, quality control rules May 14, 2024
    PCAOB updates general auditor responsibilities, quality control rules AS 1000, General Responsibilities of the Auditor in Conducting an Audit, replaces AICPA-provided standards, and QC 1000, A Firm’s System of Quality Control, considers the AICPA’s new quality management standards.