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PPC's Classic - Guide to Compilation & Review
"The Authority" for Compilation and Review engagements for more than 30 years!
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Accounting & Auditing News & Views
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FASB issues ASU No. 2010-09 to amend Subsequent Event Date Disclosure Requirements
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(03/09/2010) Accounting Standards Update (ASU) No. 2010-09, Subsequent Events (Topic 855) issued by the FASB on February 24, 2010, amends Subtopic 855-10 to remove some contradictions between the requirements of U.S. GAAP and the SEC's filing rules.
Tax Compliance & Planning News & Views
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Differentiating Stock Traders from Investors for Tax Purposes
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(03/11/2010) Taxpayers buying and selling securities for their own account usually are an investor or trader for tax purposes. Generally, the tax rules are more favorable for traders.
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