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Your Daily Accounting Briefing – 2024-04-06

1 min read
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Let’s see what’s in the news today.

Navigate the IRS audit storm: Essential extension strategies for partnerships

With tax authorities scrutinizing partnerships, CPAs and tax pros need to think more strategically about filing for extensions.

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Bloomberg Tax & Accounting Unveils Next Generation Suite of Integrated Solutions, Revolutionizing the Corporate Tax Process

/PRNewswire/ — Bloomberg Tax & Accounting today announced its next generation suite of integrated solutions that modernize the corporate tax process, from…

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CPAJ News Briefs: FASB, IASB

FASB News FASB Backpedals, Will Tailor International Accounting Rules on Government Grants for U.S. GAAP FASB voted 6 to 1 to tailor an international

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Alaska Air expects wider Q1 loss on accounting change to Boeing compensation

Alaska Air (NYSE:ALK) on Thursday raised its adjusted EPS loss forecast for the first quarter, accounting for the lost earnings due to the January exit door blowout incident and the subsequent Boeing (BA) 737-9 Max aircraft grounding. The carrier said that its Q1 adjusted loss per share will not include the Boeing compensation, and is expected to b…

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Alaska Air expects wider Q1 loss on accounting change to Boeing compensation

Alaska Air (NYSE:ALK) on Thursday raised its adjusted EPS loss forecast for the first quarter, accounting for the lost earnings due to the January exit door blowout incident and the subsequent Boeing (BA) 737-9 Max aircraft grounding. The carrier said that its Q1 adjusted loss per share will not include the Boeing compensation, and is expected to b…

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