Learn about MO Tax Amnesty Program
As authorized by HB 384, Missouri will offer a tax amnesty from Sept. 1 to Nov. 30, 2015. The tax amnesty provides individuals and businesses with a one-time opportunity to pay back taxes that were due prior to Dec. 31, 2014 without having to pay interest or penalties.
Former MO Senator Anita Yeckel Passes Away
Our condolences go out to the family and colleagues of Sen. Anita Yeckel, who passed away on Aug. 26. Sen. Yeckel played a vital role in passing the Uniform Accountancy Act in Missouri, among many other accomplishments.
Share Your Workplace Culture Expectations
MSCPA committee leaders are conducting a short survey about workplace culture in Missouri. Participation takes only five minutes of your time. Please submit your responses by Fri., Sept. 11. Thank you for your help on this important initiative!
Return Due Dates Changed in Highway Funding Bill
The federal highway funding extension bill passed by Congress contains several tax provisions, including changing the due dates for partnership and corporate tax returns. Other changes affect mortgage interest statements, basis of inherited assets and the six-year statute of limitation, reports the Journal of Accountancy.
Be Aware of these IRA Distribution Rules
If the beneficiary of a deceased owner of an individual retirement account fails to comply with the post-death required minimum distribution rules and the other post-death IRA distribution rules, then the beneficiary can be subject to penalties from the IRS, reminds Accounting Today.
IASB Follows Suit on Deferring Revenue Recognition Standard
The International Accounting Standards Board has decided to delay the effective date of its revenue recognition standard by one year, just as the Financial Accounting Standards Board has, reports Compliance Week.
Feedback Without Measurement Won’t Do Any Good
The managerial feedback was excellent, and each criticism was acknowledged and understood. Yet days later, nothing substantive had changed; it was as if that open and honest exchange had never taken place. The Harvard Business Review explains how feedback can motivate true change.