600 GE tax professionals moving to PwC

The transfer of 600 General Electric workers helps the Big Four firm grow its international expertise at a time when global tax strategy is growing in importance.
Source: Journal of Accountancy

IASB proposes amendments to 3 IFRS standards

The IASB issued clarifications to standards related to income taxes, borrowing costs and investments in associates and joint ventures.
Source: Journal of Accountancy

FASB addresses debt classification, inventory disclosures

FASB addressed balance sheet classification of debt and the disclosure requirements for inventory under the board’s Disclosure Framework.
Source: Journal of Accountancy

AICPA updates guidance for CPA personal financial planners

The AICPA has updated its guidance on the competencies and information that CPAs who provide financial planning services need to know.
Source: Journal of Accountancy

Inflation adjustments for 2017 issued for employer-provided vehicles

The IRS released its annual notice containing the 2017 inflation-adjusted amounts for the maximum vehicle values to determine the amount that is included in employees’ income for personal use of an employer-provided vehicle.
Source: Journal of Accountancy

FASB clarifies definition of a business

The definition was clarified because of concerns that many transactions that should be considered asset acquisitions were being recorded as business acquisitions for accounting purposes.
Source: Journal of Accountancy

Guidance issued on de minimis safe harbor for information returns/payee statements

The IRS issued a notice that provides the requirements for a payee to make an election to not have the safe harbor for de minimis errors on information returns below certain amounts apply to a payer.
Source: Journal of Accountancy

Technology, Media & Telecommunications (TM&T)

BMB&Co. provides audit, zakat and tax services and management consulting to number of TM&T operational and infrastructure companies …

Transportation & Logistics

BMB&Co. has sufficient understanding of key industry matters, current issues, and best quality practices. This scale of coverage and range of skills …

Real Estate

Real estate (RE) today is a hard market to read. Investors are looking to property to deliver the high returns they once achieved from equities …