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PSC Provides Feedback on Proposed ASU Topic 230, Statement of Cash Flows

The TXCPA PSC commented on proposed FASB guidance addressing digital assets and their classification and disclosure as cash equivalents. The PSC generally agrees with the proposed approach but recommends greater clarity around stablecoin requirements.

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Today's CPA Magazine

Today’s CPA is TXCPA’s flagship publication featuring accounting, tax, auditing, technology and professional insights for CPAs, accounting and finance professionals.

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TXCPA News

PSC Provides Feedback on Proposed ASU Topic 230, Statement of Cash Flows
New Tax Act Temporarily Improves Casualty Loss Deductions and Provides a Wildfire Relief Exclusion
Practitioners May Have to Deal with New Questions About Taxpayer Alien Status on Draft 1040
IRS Reminder on Written Information Security Plan
PSC Supports PCAOB Draft Strategic Plan Goals and Objectives
TXCPA’s Federal Tax Policy Committee Requests IRS Action on Taxpayer Interview Practices
PSC Provides Feedback on PCAOB’s Proposed Standard‑Setting Priorities
Emerging Website Privacy Claims: What Your Organization Should Know
OPR Guidance on Use of AI in Tax Practice, Plus Some Practice Tips for Your Firm

MORE TXCPA NEWS

I would love to tell you a story about finding a passion for helping business owners or saving people money on their tax returns. The honest truth is I realized being a CPA was going to give me a job forever and help me build the lifestyle I wanted. I enjoy travel, fancy restaurants, and good wine. Being a CPA has given me a path to that. Along the way I have certainly enjoyed helping people (I'm not a monster y'all), but its not the actual WHY that drove my choice.

-Brandon L. Howard, CPA, Owner of Brandon L. Howard CPA PLLC.

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-Lara Akinboye, CPA, CFE, CMA

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I am grateful for the volunteer leadership opportunities that have helped me hone some very useful skillsets for my work outside of TXCPA.

-Josh LeBlanc, CPA

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