Developing News

FASB Issues Exposure Draft for Crypto Assets

The Financial Accounting Standards Board (FASB) has issued an Exposure Draft that contains guidance for improving the accounting and disclosure of crypto assets. The guidance applies to all entities holding crypto assets.

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On March 24, 2023, the Washington State Supreme Court determined that the Washington capital gains tax is a constitutional excise tax on the sale or exchange of capital assets and not an income tax prohibited under the Washington constitution.

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Are you considering making a substantial gift? Here are five reasons to act sooner than later:

1. Lifetime Gift Tax Exemption Is at an All-Time High

The Federal 2023 total individual lifetime gift tax exemption has increased to $12,920,000,

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Regulatory changes at the SEC and demands from large enterprise customers are requiring many small and midsized businesses (SMBs) to report the volume of their greenhouse gas emissions. Some customers are also requiring that these reports are then verified by independent third parties.

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A recent SEC proposal, along with strong interest from enterprise companies, is resulting in many privately held companies calculating and reporting their greenhouse gas (GHG) emissions to major customers. With the pressure to mitigate the effect of GHG emissions on climate change,

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