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Feb 27, 2021
A fresh initiative in the U.S. Senate to put a tax penalty on big companies as a way of forcing higher minimum wages prompted a skeptical reaction among economists including a top adviser to former President Barack Obama.
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Feb 27, 2021
The House passed President Joe Biden's $1.9 trillion pandemic-relief plan, spanning $1,400 stimulus checks, enhanced jobless benefits and fresh funding for vaccines and testing. Also included: a minimum-wage measure with no prospects of passing in the Senate.
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Feb 26, 2021
The uncertainties in the year ahead are making it difficult for corporate tax executives to decide exactly what to do, given the challenges surrounding COVID-19.
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Feb 26, 2021
The International Federation of Accountants is partnering with the International Integrated Reporting Council on a joint initiative.
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Feb 26, 2021
Analytics can help auditors focus on high-risk issues for further analysis and investigation.
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Feb 26, 2021
New York prosecutors have received eight years of Donald Trump's individual and corporate tax returns from the former president's accounting firm, according to a spokesman for Manhattan District Attorney Cyrus Vance Jr.
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Feb 26, 2021
Two Senate committee chiefs are looking at ways to raise taxes on companies paying workers less than $15 an hour, as part of a new strategy to include President Joe Biden's push to boost the minimum wage to that level in his COVID-19 aid bill.
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Feb 26, 2021
Lumsden & McCormick promotes four; Oklahoma Society of CPAs announces 2021 Trailblazer and Path Finder award winners; and more CPA news.
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Feb 26, 2021
Senate Majority Leader Chuck Schumer is weighing adding a provision to the $1.9 trillion COVID-19 relief plan that would put a penalty tax on big companies that don't pay workers at least $15 an hour, a Democratic aide said on condition of anonymity.
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Feb 26, 2021
Even after the coronavirus, the accounting profession will need to keep changing and adapting at a rapid pace.
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Feb 25, 2021
Corporations are starting to buy digital assets like Bitcoin to bolster their treasuries, but the volatility in prices could put a dent in their balance sheet.
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Feb 25, 2021
A βwave' of claims for the Domestic Production Activities Deduction sparks an alert.
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Feb 25, 2021
RAP sheet; shipping out; Pelicon; and other highlights of recent tax cases.
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Feb 25, 2021
The Top Five Firm welcomed 14 inaugural organizations from a wide range of industries to "actively enhance diversity, equity and inclusion within their organizations."
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Feb 25, 2021
Auditing costs have been increasing in recent years for public companies, thanks to new accounting standards and corporate acquisitions, according to a study released Thursday.
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Feb 25, 2021
To best serve your clients, and your own firm, these are the top items to closely monitor in the year ahead.
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Feb 25, 2021
To best serve your clients, and your own firm, these are the top items to closely monitor in the year ahead.
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Feb 25, 2021
Maneuvers played out across the country as census tract boundaries were changed to accommodate wealthy investors whose projects fell outside the lines of roughly 8,700 opportunity zones. About 140 tracts grew in size.
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Feb 25, 2021
Professionals from Top 100 Firm PKF O'Connor Davis share the strategies they're using to maintain firm culture in a remote environment.
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Feb 25, 2021
A host of developments promise to complicate this year's run-up to April 15.
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Feb 24, 2021
The Tax Court added its voice to the dilemma facing many taxpayers working remotely due to the pandemic, denying an attorney his lodging expenses in Maryland because he was not "away from home" while working in the Washington, D.C. area.
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Feb 24, 2021
The Tax Court added its voice to the dilemma facing many taxpayers working remotely due to the pandemic.
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Feb 24, 2021
PricewaterhouseCoopers is turning some of the digital tools it developed internally to train its staff into artificial intelligence products its clients can use in their finance departments.
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Feb 24, 2021
The Treasury Department's Financial Crimes Enforcement Network issued an advisory warning about a growing variety of scams involving Economic Impact Payments aimed at recipients of COVID-19 relief.
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Feb 24, 2021
The Financial Crimes Enforcement Network issued a warning about the widening range of scams involving Economic Impact Payments aimed at recipients of COVID-19 relief.
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Feb 24, 2021
The Internal Revenue Service is confronting some barriers in detecting improper conduct by tax-exempt organizations who abuse the federal tax laws.
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Feb 24, 2021
The lens through which we view a company affects how we measure success. A more complete picture contributes to a more unified understanding of value.
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Feb 24, 2021
Gary Boomer shares five lessons for the future for accountants.
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Feb 24, 2021
More and more accountants are recommending their homeowner clients consider solar panels. Here's why.
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Feb 23, 2021
Delaying filing; inbox anxiety; a new voice; and other highlights from our favorite tax bloggers.
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Feb 23, 2021
Leaders of the House Ways and Means Committee want the Internal Revenue Service to assist taxpayers who are getting information returns in the mail for unemployment benefits they never received.
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Feb 23, 2021
The Securities and Exchange Commission suspended two former KPMG auditors accused of improper professional conduct during an audit of the now defunct College of New Rochelle.
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Feb 23, 2021
Governments around the world are confronting budget deficits due to the COVID-19 pandemic and corporate tax leaders are worried about higher tax assessments, double taxation, penalties, interest and surcharges.
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Feb 23, 2021
Following the disaster declaration by FEMA, the IRS is able to offer all sorts of relief to Texans.
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Feb 23, 2021
Right out of the gate, this year has provided some intriguing storylines that undoubtedly will have ripple effects when tax pros sit down with their clients next winter.
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Feb 23, 2021
The U.K.'s accounting regulator introduced fresh recommendations to put further distance between the Big Four accounting firms and their consulting arms ahead of their impending split.
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Feb 23, 2021
His story reveals the far-reaching net that continues to entangle individuals and firms who were engaged in so-called Cum-Ex transactions, almost a decade after the dividend-tax practice ended.
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Feb 23, 2021
Donald Trump, who managed to keep his tax returns a secret the entire time he was in the White House, is about to see them fall into the hands of a New York prosecutor looking into possible criminal charges against him.
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Feb 23, 2021
A COVID-wrecked economy has changed the calculus for some financial planners.
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Feb 22, 2021
Intuit has acquired OneSaas, provider of e-commerce data integration software, and plans to accelerate the integration of third party e-comm solutions with its QuickBooks platform.
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Feb 22, 2021
Past chair and retired Grant Thornton audit partner Richard Simitian will take the helm on March 1.
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Feb 22, 2021
Two leaders of Congress's main tax committee are questioning why the Internal Revenue Service keeps sending notices to taxpayers about missing returns when it's still catching up on unprocessed mail.
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Feb 22, 2021
The Internal Revenue Service should be doing more to protect the security of tax transcript information available through its Income Verification Express Service program, according to a new report.
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Feb 22, 2021
A new report from the IMA and CalCPA also found that 43 to 55 percent of female, nonwhite, and LGBTQIA respondents polled have left a U.S. accounting company due to a perceived lack of equitable treatment.
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Feb 22, 2021
No one likes to contemplate their own mortality, but John Napolitano of U.S. Wealth Management makes it clear why accountants need to get their business-owner clients thinking about exit planning.
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Feb 22, 2021
The U.S. Supreme Court put a New York grand jury on the brink of getting eight years of Donald Trump's tax returns and other financial records, ending months of delay by rejecting his bid to keep the information private.
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Feb 22, 2021
The Big Four firm created the program to give more people of color the opportunity to become CPAs.
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Feb 22, 2021
A firm found itself shorthanded during tax season when two of its most experienced tax return reviewers left. What should they do?
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Feb 22, 2021
The vaccine rollout may not be happening as fast as we'd like, but an end to the worst of the pandemic is on the horizon. Is your firm ready for it?
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Feb 22, 2021
The Biden administration will give exclusive access to the Paycheck Protection Program to the nation's smallest businesses for two weeks as part of a broader effort to steer federal aid to the most vulnerable parts of the economy.
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Feb 22, 2021
Progressives are eyeing tax measures including an increase in the capital-gains levy.
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Feb 22, 2021
Automation isn't just about improving your business processes β it's also a key way to better serve your clients.
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Feb 19, 2021
Leaders of the tax-writing House Ways and Means Committee are sounding the alarm over the slow start to tax season, reflected in the initial week of data from the IRS.
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Feb 19, 2021
Two members of Congress teamed up Friday to introduce a bipartisan bill that would offer tax credits for income from tips to beauty salon owners and workers.
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Feb 19, 2021
The Financial Accounting Standards Board approved a tweak to the goodwill rules for private businesses and not-for-profits, giving them more flexibility on when to do impairment assessments of triggering events.
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Feb 19, 2021
The Financial Accounting Standards Board approved a tweak to the goodwill rules for private businesses and not-for-profits, giving them more flexibility on when to do impairment assessments of triggering events.
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Feb 19, 2021
You can provide a bit (coin) of good news for clients with outsize short-term gains from alternative assets.
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Feb 19, 2021
Taxpayers who file through TurboTax can now opt to open a Credit Karma Money Spend account and have their tax refund sent there directly.
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Feb 19, 2021
Quadient updates document management, SafeSend rebrands, and Rippling adds time and attendance tracking.
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Feb 19, 2021
For accounting to take a pivotal role in tackling the climate emergency, a single set of sustainability standards is critical.
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Feb 19, 2021
Accountants must now take a pivotal role in tackling the climate emergency, while guiding businesses through an age of unprecedented change.
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Feb 19, 2021
Citrin Cooperman appoints leader of entertainment, music and sports industry practice; Lindquist promotes four; and more CPA news.
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Feb 18, 2021
Democrats on the House Ways and Means Committee are urging the Internal Revenue Service to extend tax season beyond April 15 to give taxpayers another three months until July 15.
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Feb 18, 2021
Democrats on the House Ways and Means Committee are urging the Internal Revenue Service to extend tax season beyond April 15 to give taxpayers another three months until July 15.
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Feb 18, 2021
New guidance shows how employees and employers can carry over unused money from flexible spending accounts and dependent care assistance programs.
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Feb 18, 2021
The Internal Revenue Service provided guidance Thursday on how employees and employers can carry over unused money from flexible spending accounts and dependent care assistance programs during the COVID-19 pandemic.
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Feb 18, 2021
The agency's commissioner is upbeat, but tax preparers and financial planners worry that this year could be especially chaotic due to the COVID pandemic.
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Feb 18, 2021
House Democrats are proposing two pieces of legislation that would also provide more funding for the Internal Revenue Service.
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Feb 18, 2021
House Democrats are proposing two pieces of legislation to increase taxes on high earners and corporations and provide more funding for the Internal Revenue Service.
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Feb 18, 2021
The Internal Revenue Service is still dealing with a backlog of unprocessed mail from 2020, hurting its efforts to provide help with COVID-19 relief payments and this year's tax season.
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Feb 18, 2021
Family affairs; Ultimate crime; level effects; and other highlights of recent tax cases.
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Feb 18, 2021
A potent mash of alcohol regulations, tax obligations and marketplace facilitator laws is brewing as the industry adjusts to living with the COVID-19 pandemic.
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Feb 18, 2021
A potent mash of alcohol regulations, tax obligations and marketplace facilitator laws is brewing as the industry adjusts to living with the COVID-19 pandemic.
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Feb 18, 2021
Amid regulatory change, margin pressure and technological shifts, private equity firms need to rethink their approach to tax and finance functions. Petter Wendel, EY global tax private equity leader, shares how based on findings from the 2020 EY Tax and Finance Operate Survey.
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Feb 18, 2021
Illinois Governor J.B. Pritzker is seeking to cut spending and end some corporate tax breaks to help close the worst-rated state's nearly $3 billion deficit in the coming fiscal year.
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Feb 17, 2021
Paul Knopp, KPMG U.S. Chair and CEO, posted an internal message on LinkedIn reiterating the firm's condemnation of "discrimination, harassment or racism" against Asian-Americans during the COVID-19 pandemic.
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Feb 17, 2021
The pandemic has fueled a dramatic new wave of high-profile migration, sending tech workers to Texas, Wall Street types to Florida β and now YouTube provocateur Logan Paul to Puerto Rico.
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Feb 17, 2021
The pandemic has fueled a dramatic new wave of high-profile migration, sending tech workers to Texas, Wall Street types to Florida β and now YouTube provocateur Logan Paul to Puerto Rico.
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Feb 17, 2021
Holders of donor-advised funds increased their disbursements last year in response to urgent demands for greater charitable contributions to cope with the COVID-19 pandemic.
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Feb 17, 2021
The Internal Revenue Service issued a warning Wednesday to taxpayers to beware of unethical "ghost" tax preparers who don't sign tax returns for clients.
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Feb 17, 2021
While one marketer is good, two or more working toward a common goal is even better.
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Feb 17, 2021
With tax season starting later than usual, and many of your clients still stuck working remotely, you'll need all of the tools you can get to make the tax prep process go as smoothly as possible.
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Feb 17, 2021
Get back 10-plus hours of every week with this strategy.
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Feb 17, 2021
BlackRock has previously endorsed companies reporting climate risks based on frameworks developed by the Task Force on Climate-related Financial Disclosures and the Sustainability Accounting Standards Board. This year, it went a step further.
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Feb 17, 2021
Three House Democrats are pushing legislation that would repeal the carried-interest tax break used by fund managers to reduce the levies they owe to the Internal Revenue Service.
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Feb 17, 2021
A first-ever online integration for QuickBooks, robot restaurants, βOne Outlook,' and seven other developments in technology you may have missed.
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Feb 17, 2021
These five strategies can help you boost your profits, without ever have to sell to a prospect.
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Feb 17, 2021
The Center for Audit Quality and the American Institute of CPAs released a guide Wednesday to environmental, social and governance reporting and attestation for accountants.
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Feb 16, 2021
CFOs and other finance executives are finding they need to reforecast their company's liquidity and cash flow on a weekly and even daily basis as they cope with the pandemic.
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Feb 16, 2021
New digital advertising tax; ripping off PPP; careful with prenups; and other highlights from our favorite tax bloggers.
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Feb 16, 2021
The Biden administration is likely to dramatically change its approach to tax policy, with the first step in the stimulus package it began pushing through Congress this month.
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Feb 16, 2021
IwocaPay becomes the first pay later software integration on the Xero accounting software platform.
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Feb 16, 2021
The CPA Consultants Alliance held its annual meeting online to discuss challenges confronting the accounting profession from COVID-19 and elect a new slate of officers for this year.
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Feb 16, 2021
Some business owners can get hurt by workarounds to the $10,000 limit for state and local tax deductions.
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Feb 16, 2021
Growth consultant Gale Crosley talks about taking a practice across the country and around the world.
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Feb 16, 2021
The Top 20 Firm will hold an annual summer program designed to recruit, develop and retain minority accounting students with a Diversity Leadership Summit and internship opportunities.
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Feb 16, 2021
Like most financial instruments, special purpose acquisition companies present risks and rewards, and require due diligence from accounting firms to help avoid landmines.
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Feb 16, 2021
Over the past few years, household employers have seen a rapid increase in labor law requirements driven by state-level Domestic Worker Bill of Rights legislation, as well as state and municipal paid time off and paid sick leave ordinances.
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Feb 16, 2021
Household employers have seen a rapid increase in labor law requirements, as well as state and municipal paid time off and paid sick leave ordinances.
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Feb 15, 2021
Don't make tax season the deciding factor in the important things in your life.
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