NSAC Happenings and Latest News - Page 42
IRS Adjusts Tax Item Amounts for 2021 Due to Inflation
The Internal Revenue Service issued its annual inflation adjustments Monday for tax year 2021, revising more than 60 tax provisions, including tax rate schedules, standard deduction amounts and more. The standard deduction for married couples filing jointly for tax year 2021 is increasing to $25,100, up $300 from the previous year. For single taxpayers and married individuals who file separately, the standard deduction is increasing to ...
Read MoreFASB Proposes Three Improvements to Leases Standard
The Financial Accounting Standards Board issued a proposed accounting standards update Tuesday to improve three areas of its lease accounting standard. For lessors, the proposed changes would amend the classification requirements for leases in which the lease payments are mostly variable by requiring lessors to classify and account for those leases as operating leases. In doing so, FASB said the risk of lessors recognizing ...
Read MoreAre You Ready to be Coached?
Executive coaching can help you achieve higher performance and greater personal satisfaction at work. While you may be aware that you need to make changes — in behavior, mindset, or both — to advance your career, you won’t reap the benefits of coaching unless you’re prepared to fully engage in the process. This requires a substantial investment of time and effort, so before you move forward, the most important question ...
Read More6 questions to ask to find out if you're an ethical leader
The director of Ethical Imperatives contends that ethical leaders possess six traits that command, not demand, loyalty. Unlike the purely ceremonial royals of today, kings of old were absolute sovereigns. They answered to no one. Their word was law. And they held unchecked power over life and death in their hands. If so, what distinguishes kings from despots? Only this: the way they appear in the eyes of their people. A ...
Read MoreAccounting and Financial Controllers Steer the Ship
Accounting and financial controllers are some of the hardest-working executives in an organization, but unfortunately, they are often overlooked. There are more than 250,000 controllers in the United States, and 810,000 worldwide, yet CFOs and the C suite seem to get all the media attention. Around the world, companies and organizations turn to their controllers for everything from compliance to cash flow, internal controls and closing ...
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