Monday, November 26, 2012

FASB Expected to Participate in New IASB Accounting Standards Group

The U.S. Financial Accounting Standards Board is expected to be one of the standard-setters participating in a multilateral group that will be advising the International Accounting Standards Board, but it will be among at least a dozen standard-setters from around the world participating in the group.



You can see the article here.

IRS Increases Standard Mileage Rates a Penny in 2013

The Internal Revenue Service has raised the standard mileage rates by 1 cent per mile for next year when calculating the deductible costs of operating an automobile for business, charitable, medical or moving purposes.





You can see the article here.