NSAC Happenings and Latest News - Page 15
Auto Depreciation Limits Leap with Inflation
The IRS issued sharply higher new depreciation limitations for passenger automobiles, reflecting inflation of vehicle prices in the past year. These limits are updated annually for inflation according to the automobile component of the chained consumer price index for urban consumers. Rev. Proc. 2022-17 contains the Sec. 280F(a) inflation-adjusted dollar limitations on depreciation deductions for passenger automobiles (which includes trucks and ...
Read More2021 Was a Big Year for Changes in the Workforce, But 2022 Will be Bigger
The COVID-19 pandemic has brought numerous changes to our daily lives, including the workforce, which saw a significant shift. The finance and accounting sector, in particular, has been deeply affected as the pace of the modern workplace was exacerbated by COVID-19 and has become a pressure cooker for controllers and their teams as they faced tighter deadlines, expanding compliance obligations, a shift to remote work, and higher scrutiny from ...
Read MoreTCA Spring 2022 ACCTFAX BULLETIN BOARD
Originally published in The Cooperative Accountant, Spring 2022 Issue FASB AMENDS THE LEASE STANDARD TO ALLOW LESSEES THAT ARE NOT PUBLIC BUSINESSES GREATER FLEXIBILITY IN APPLYING INTEREST RATE SELECTION On November 11, 2021, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU 2021-09) that modifies an existing provision of Topic 842 which allows non-public business entities to elect to use a ...
Read MoreThese Are the 20 Most Common Passwords Leaked on the Dark Web — Make Sure None of Them Are Yours
That’s according to a new report from mobile security firm Lookout, which recently published a list of the 20 passwords most commonly found in leaked account information on the dark web. The list ranges from simple number and letter sequences like “123456” and “Qwerty” to easily typed phrases like “Iloveyou.” Choosing easy-to-remember passwords is understandable: The average person has more than 100 ...
Read MoreWant to Boost Your Cybersecurity? Here Are 10 Steps to Improve Your Defenses Now
Ukraine was being hit by cyberattacks well before Russia launched its invasion. DDoS attacks and wiper malware were among the cyber threats that targeted Ukrainian government ministries, banks, media and other services, but there are also other examples from recent history. Russia has been accused of being behind attacks that took down Ukrainian power grids in December 2015, and it's thought that the Russian military was also behind the ...
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