The Office of Management and Budget (OMB) requests comments on its “Draft Report to Congress on the Benefits and Costs of Federal Regulations and Agency Compliance with the Unfunded Mandates Reform Act”, available at https://buff.ly/4eCP8Bs The Draft Report is divided into two parts, the first of which is further divided into several chapters. Part I, chapter I examines the benefits and costs of major Federal regulations issued in fiscal year 2023. Part I, chapter II discusses regulatory impacts on State, local, and Tribal governments, small business, wages and employment, and economic growth. Part I, chapter III offers recommendations for regulatory reform. Part II summarizes agency compliance with the Unfunded Mandates Reform Act. OMB requests that comments be submitted electronically to OMB by December 9, 2024, through buff.ly/3cgTK2K using Docket ID OMB-2024-0012. https://buff.ly/3O8cVi3
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Financial Reporting Advisor | Ind AS, IFRS and Indian GAAP | Author | Independent Director
Responded to Issue Id: 4807 applying following Ind AS: Ind AS 20 – Accounting for Government Grants and Disclosure of Government Assistance No. of Issues in Issue Repository on Ind AS 20: 62 #GAAPAdvisors - Enabling Excellence in Financial Reporting
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Here Nancy explains why source documents are so important. Source documents are important not only for coding purposes, but also for any audits that may need to be taken out by the Inland Revenue. Watch the short video above for more information
Why does my accountant need source documents copies of receipts etc
https://www.youtube.com/
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I polish punctuation, syntax, grammar, and word usage to enhance the writer's image and please the reader's senses.
In informal contexts, a single right apostrophe often replaces the first two digits of a particular year. “This year’s tax return is the most challenging one I’ve completed since the ’90s!” But beware of how some software programs treat apostrophes! Some automatically convert a right single apostrophe at the beginning of a word to a left single apostrophe, and the default may need to be manually corrected. Three ways to manually enter a right apostrophe are to (1) enter “2019,” then press and hold the Alt key and enter “x”; (2) press and hold the Ctrl key, then press the apostrophe key. Release both and press the apostrophe key again; (3) enter a single quotation mark twice to create a left quotation mark immediately followed by a right quotation mark, then backspace to delete the left mark. To shorten “and” to the letter “n” in informal writing, replace both the “a” and the “d” with a left apostrophe. This tip follows the Chicago Manual of Style.
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This post comes in 2 parts: Part 1. It is so important that MNEs respond to this. Doing nothing will cost tens if not hundreds of thousands of Euros. Here are some things to ask for. Right now both the OECD and the EU seems to be following a very hands-off approach and seem to let the individual countries do what they want. 1. Ask that all countries use the exact same schema and do not each throw in their own odds and bits. Read this post of mine on CbCR (you know, the "easy" one) and how country specific requirements (link below) create unnecessary complexity. 2. Ask that countries exchange the P2 files with each other as much as possible, so we do not have to do multiple filings. 3. When countries do do their own thing, ask that they publish sample xml files (which work and are not outdated). 4. Ask countries to stop inventing their own DocRefID requirements. They are all sharing these files with each other and if Germany must read UK filings and the UK must read Dutch filings, standardise the all the DocRefIds and focus on ease of compliance. 5. Publish what the standard UTF-8 character set is. Right now different countries are rejecting different characters. 6. Make the required namespace public (it happens automatically if the OECD and countries would also publish sample xml files). 7. Make xml conversion and validation tools available online, or better still develop one central tool that can convert an Excel template into the required xml schema. If I can do that, so can the OECD and the countries.
Draft User Guide for the GloBE Information Return XML Schema
oecd.org
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"The government will focus on improving the productivity of the public sector to deliver high quality public services and achieve value for money." Critical reading for public finance professionals: https://lnkd.in/eFCs4Kiv With the 2024/25 pay award leading to £9.4bn pressure on resource limits (table 1), a 3 year spending review (Spring 2025) and an Office for Value for Money, there's going to be a need for local accountability and transparency on how local public organisations have improved productivity and maintained standards
Fixing the foundations: public spending audit 2024-25
gov.uk
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Scanning the face page of your K-1❓ That's a great start ❗ Now take the next step. Extract PDF K-1 data from your ✅ State reporting ✅ Whitepapers ✅ K-3 #taxcompliance #taxtechnology #taxtransformation
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CRO | CEO | COO | President | Operating Partner | Board Member | Venture Capital | Private Equity
Scanning the face page of your K-1❓ That's a great start ❗ Now take the next step. Extract PDF K-1 data from your ✅ State reporting ✅ Whitepapers ✅ K-3 #taxcompliance #taxtechnology #taxtransformation
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Account Executive | Building trust by adding value | Delivering solutions that advance clients’ goals | Go-to client resource | Growing Revenue | Mastering product and industry knowledge
Scanning the face page of your K-1❓ That's a great start ❗ Now take the next step. Extract PDF K-1 data from your ✅ State reporting ✅ Whitepapers ✅ K-3 #taxcompliance #taxtechnology #taxtransformation
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Scanning the face page of your K-1❓ That's a great start ❗ Now take the next step. Extract PDF K-1 data from your ✅ State reporting ✅ Whitepapers ✅ K-3 #taxcompliance #taxtechnology #taxtransformation
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