NSAC Happenings and Latest News - Page 86
5 Tactics for Transforming Performance Reviews That Range From Ineffectual to Invaluable
Employee appraisals that improve performance are essential to reaching company goals. Many business leaders and experts say that performance reviews are just not that effective. It's true that there are many ways employers can tank one of these reviews and make it less helpful for workers. Some employees feel unfairly targeted or find it hard to listen at all. The reality is that performance reviews have evolved into a fairly standard ...
Read MoreFASB Proposes Tweaks for Leasing Standard
The Financial Accounting Standards Board is proposing to make a number of narrow improvements in the lease accounting standard as public companies get ready for it to take effect at the end of the year. The proposal aims to reduce some of the costs and implementation headaches of applying the leasing standard. It would also clarify a specific requirement in the standard related to lessor accounting with sales taxes and other similar ...
Read MoreTreasury and IRS Propose Regulations for Increasing Depreciation Deduction to 100%
The Treasury Department and the Internal Revenue Service proposed regulations to increase and expand the first-year depreciation deduction for qualified property from 50 to 100 percent, carrying out a provision of the Tax Cuts and Jobs Act. The tax code overhaul, which Congress passed last December, increased the first-year depreciation deduction from 50 to 100 percent for qualified property acquired and placed in service after Sept.
Read MoreQualified Business Income Deduction Regs. Proposed
The IRS issued proposed regulations regarding the qualified trade or business income deduction under Sec. 199A, which was enacted by P.L. 115-97, the law known as the Tax Cuts and Jobs Act (TCJA) (REG-107892-18). At the same time, it issued Notice 2018-64, which provides guidance on how to compute W-2 wages for purposes of the deduction, along with FAQs. The proposed rules include a way that taxpayers can group or aggregate separate ...
Read MoreSeven Safeguards to Combat Payroll Fraud
“Alice" was "Dr. Young’s" office manager, and had been with his practice for more than 15 years. He often referred to her as his lifesaver because she handled all of the administrative and bookkeeping duties. The office ran in tip-top shape and Dr. Young could focus on his passion: helping and healing his patients. Alice wore many hats for Dr. Young. She processed the office’s payroll and handled the accounts receivable and ...
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