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FASB approves income tax reporting standard

Accounting Today

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

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FASB releases income tax disclosure standard

Accounting Today

The Financial Accounting Standards Board issued an accounting standards update Thursday aimed at improving income tax disclosures from companies.

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Financial vs Tax Accounting

SMB Accounting and Consulting

One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.

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Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore

Counto

Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore As a small business owner or entrepreneur, understanding global financial regulations like the Foreign Account Tax Compliance Act (FATCA) is crucial. government to combat tax evasion by U.S. persons and report their account details.

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