Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
Please note that Kerry does not personally agree with every item included here; but passes them along for the benefit of the readers' understanding of the varied viewpoints on the issues being discussed.
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Tax Guru-Ker$tetter Letter
Wednesday, September 10, 2008
Closing the Information GAAP – Interesting look at plans to replace GAAP (Generally Accepted Accounting Principles) with IFRS (International Financial Reporting Standards) here in the USA. I always get a kick out of non-accounting people who fell for the stereotype of tax and accounting being so cut and dried as to be boring because nothing could be further from the truth. Tax and accounting rules are constantly changing and evolving and will never stop doing so.
Labels: Accounting
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 9/10/2008 05:55:00 PM Send this post:
