The President signed the Tax Cuts and Jobs Act (TCJA) into law on December 22, 2017.
The Tax Cuts and Jobs Act, signed into law on December 22, 2017, enacted significant U.S. tax reform that is expected to have major implications on the financial reporting of most U.S. corporations.
In recent years, the Financial Accounting Standards Board (FASB) has made significant changes to its guidance in accounting for revenue recognition.
Continuing Growth Deepens Firm’s Tax Expertise
The Tax Cuts and Jobs Act Bill (the Act) was passed by Congress on December 20, 2017.