IRS Announces Standard Mileage Rates for 2013

Published on December 12, 2012.

The Internal Revenue Service has issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:   •            56.5 cents per mile for business

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IFRS: Moving Forward or Backward?

Published on December 3, 2012.

International Board Weighs in on SEC  Staff Report The Worldwide movement toward global accounting standards has received broad coverage in this publication during 2012. As evident from the discussions concerning leases, revenue recognition and financial instruments, the myriad of challenges and controversies surrounding IFRS have led to further delays and uncertainties. Consequently, the lack of a definitive recommendation by the

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