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FASB proposes changes to grant and contribution accounting (Journal of Accountancy) - Accounting guidance for contributions received and made, primarily by not-for-profits, would change under new rules FASB proposed Thursday. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Tax pros doubt reforms this year (Accounting Today) - Nearly three-quarters of tax, finance and business professionals are not confident that comprehensive tax reform will be passed in Congress in 2017, according to a recent Deloitte poll, while nearly half are doubtful about tax reformâs prospects. Donât Take the Bait, Step 5: Prevent Remote Access Takeover Attacks (IRS) - The Internal Revenue Service, state tax agencies and the tax industry today reminded tax professionals that their entire digital network could be at risk for remote takeover by cybercriminals. Such a takeover could lead to fraudulent tax filings and damage to their clients. Kansas City wants a higher minimum wage. Missouri is blocking it. (CNN) - Kansas City voters overwhelmingly approved a $10 minimum wage, but a Missouri state law will keep it from taking hold. The ballot measure would raise the minimum wage from $7.70 to $10 an hour in the city, followed by annual increases up to $15 in 2022. When Your Big Customer Wants to Pay Late (CFO) - Itâs the new normal: big companies are paying their bills late, later, and latest. When economic hard times hit in 2007â2008, CFOs and finance departments felt pressure to improve their organizationsâ working capital positions. Taxation Accounting/Audit | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Parks and Rec Accounting Jokes   |