Month: February 2024

This will usually occur to allow the SOPL to provide more relevant information or provide a more faithful representation of an entity’s performance. Whilst this may be an improvement on the absence of general principles, it might be argued that it does not provide the clarity and certainty users crave. The purpose of the statement … Read more

Occasionally, the IRS may extend the tax deadline due to unforeseen circumstances. For example, for the tax year 2020, the IRS extended the filing deadline to May 17, 2021, due to the challenges of the Covid-19 pandemic. Without that extension, Tax Day would have been April 15, 2021. If you missed one of these key … Read more