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Accounting Today
Apr 10, 2020

The perpetual improvement of the CPA Exam
Michael Decker, vice president of examinations at the AICPA, shares a number of potential and planned changes to the CPA Exam.

Accounting Today
Apr 10, 2020

IRS extends more tax deadlines due to coronavirus
The Internal Revenue Service and the Treasury Department are extending a number of tax deadlines for individuals, trusts, estates, corporations and others due to the impact of the novel coronavirus.

Accounting Today
Apr 09, 2020

KPMG pledges over $2M in coronavirus relief
The Big Four firm and its KPMG U.S. Foundation will support nonprofits across the country directly impacted by the ongoing pandemic.

Accounting Today
Apr 09, 2020

Tax Fraud Blotter: Firestarter
Fate sealed; insults to injury; thanks, dad; and other highlights of recent tax cases.

Accounting Today
Apr 09, 2020

Accenture acquires Revolutionary Security in third cybersecurity purchase this year
Professional services firm Accenture has acquired Revolutionary Security for an undisclosed sum, making it the third cybersecurity purchase for the firm this year. Revolutionary Security provides cybersecurity services for critical infrastructure sectors, of which financial services is one.

Accounting Today
Apr 09, 2020

People & firms on the move: Crowe names first chief diversity officer
BKD promotes 32; Grant Thornton hires fraud risk senior manager; and more CPA news.

Accounting Today
Apr 09, 2020

Crowe appoints inaugural chief diversity officer
Chris Mitchell, a consulting principal within Crowe's technology, media and telecommunications services group, will oversee inclusive practices at the Top 10 Firm.

Accounting Today
Apr 09, 2020

EU eyes pact with banks for financing companies hurt by coronavirus pandemic
Officials in Brussels may ask Europe's financial industry to make a joint pledge to keep credit flowing to companies hurt by the coronavirus pandemic.

Accounting Today
Apr 09, 2020

IASB proposes further IFRS Standards amendments regarding interest rate benchmark reform
The International Accounting Standards Board proposed amendments to assist companies in providing useful information to investors about the effects of interest rate benchmark reform on financial statements.

Accounting Today
Apr 08, 2020

FASB proposes to delay accounting standards in response to coronavirus
The Financial Accounting Standards Board plans to propose that private companies and not-for-profit organizations get an extra year to implement the lease accounting standard while they deal with the pandemic, while also giving private franchisor companies an extra year to get ready for the revenue recognition standard.

Accounting Today
Apr 08, 2020

No, automation won't kill the CPA
The prediction of job elimination via technology has been made eleven times throughout history. It still hasn't happened.

Accounting Today
Apr 08, 2020

AICPA highlights tax filing shortcomings related to coronavirus relief
The American Institute of CPAs has posted a set of frequently asked questions and answers aimed at helping CPAs and their clients with tax filing and tax relief in response to the novel coronavirus pandemic, while pointing out the various shortcomings in the federal government's response.

Accounting Today
Apr 08, 2020

Cherry Bekaert acquires Tax Advantage Group
Cherry Bekaert, a Top 25 Firm based in Richmond, Virginia, has acquired Tax Advantage Group, a consulting firm in Greenville, South Carolina that specializes in providing services related to the New Markets Tax Credit to clients across the U.S.

Accounting Today
Apr 08, 2020

CPA Endowment Fund of Illinois provides laptops to students impacted by coronavirus
The charitable partner of the Illinois CPA Society is providing 16 laptops to local accounting students who are in need of technology at home following school closures.

Accounting Today
Apr 08, 2020

Opportunity zones and cost segregation
Taxpayers who meet the requirements for investing in an opportunity zone can potentially take advantage of increased depreciation deductions through cost segregation, further decreasing their tax liability.

Accounting Today
Apr 08, 2020

How to lead in the age of coronavirus
Now is the time for CPAs to show up as a trusted advisor with good judgment, steady energy and a great, empathetic connection with their clients.

Accounting Today
Apr 08, 2020

Two accounting scandals in China in one week burn investors
China's second accounting scandal in less than a week is underscoring concern over lax corporate governance at some of the country's fastest-growing companies.

Accounting Today
Apr 08, 2020

Fighting anxiety and social isolation from the coronavirus
Teams everywhere will be battling the emotional complexities of COVID-19; here are some helpful strategies.

Accounting Today
Apr 08, 2020

AI-driven bot 'Sophie' answers coronavirus-related questions
The program is designed to stop the spread of misinformation, answering basic questions about vaccines and testing.

Accounting Today
Apr 07, 2020

In the blogs: Fretting
The PPP; customer service now; answers and CARES; and other highlights from our favorite tax bloggers.

Accounting Today
Apr 07, 2020

Coronavirus and Wayfair decision affecting state tax revenues
The coronavirus has caught a number of states off guard, threatening their revenue and impairing their ability to meet obligations that have grown as a result of the epidemic.

Accounting Today
Apr 07, 2020

Most taxpayers lack 1099 forms for reporting crypto transactions
The Internal Revenue Service is including a question at the top of Schedule 1 of the Form 1040 this year asking taxpayers whether they received, sold, sent, exchanged or acquired a financial interest in virtual currency in 2019, but most taxpayers won't have any record from a Form 1099 about their cryptocurrency transactions.

Accounting Today
Apr 07, 2020

U.S. government's financial condition worsened by $8.16T in 2019
Even before the start of the coronavirus pandemic, the federal government was facing dire financial conditions, with its overall financial condition worsening by $8.16 trillion in 2019, according to a new analysis.

Accounting Today
Apr 07, 2020

Global economic confidence plummets due to coronavirus, say ACCA and IMA
The pandemic has prompted confidence among accountants to fall to its lowest levels on record in all regions of the world during the first quarter of the year.

Accounting Today
Apr 07, 2020

Be clear, be calm during coronavirus
Establish a communication plan now, so your firm can come out of this crisis stronger than ever. Here are three key steps to follow.

Accounting Today
Apr 07, 2020

Why I have confidence auditors are ready to meet this time of economic uncertainty from coronavirus
COVID-19 has created the largest health and economic crisis in decades.

Accounting Today
Apr 07, 2020

Can your firm thrive from the coronavirus?
The current pandemic offers opportunities for firms that are ready to change.

Accounting Today
Apr 06, 2020

Considerations in an uncertain economic environment amid coronavirus
It is important to look at cost segregation and what it can do for a taxpayer.

Accounting Today
Apr 06, 2020

GASB working to address coronavirus impact on government accounting
The Governmental Accounting Standards Board is working on several fronts to offer relief to state and local governments and other stakeholders in the midst of the pandemic, including delaying the effective date of some standards.

Accounting Today
Apr 06, 2020

CliftonLarsonAllen upgrades financial scenario modeling tool to tackle coronavirus impact
CLA Intuition 2.0 uses interactive dashboards designed to bring greater financial insight and clarity to navigate change during these unprecedented times.

Accounting Today
Apr 06, 2020

Mazars USA offers Paycheck Protection Program analysis tool for small biz
The tool is available for small businesses, CFOs and accounting firms to help them navigate the program, which can be complex, and increase the speed of the application process.

Accounting Today
Apr 06, 2020

Art of Accounting: Communicating with clients during tax season and coronavirus
Keeping in touch with clients is very important, especially during this period of isolation. Here is a way to provide updates to clients regarding their tax returns and to keep in touch generally.

Accounting Today
Apr 06, 2020

Branson shifts $1.1B Galactic holding between tax havens amid coronavirus
Richard Branson moved assets from the U.S. to the British Virgin Islands, highlighting his use of tax havens at a time one of his businesses sought a state bailout because of the coronavirus pandemic.

Accounting Today
Apr 06, 2020

Private flights getting cheaper thanks to coronavirus stimulus tax relief
The U.S. government's $2.2 trillion stimulus package comes with a perk for high fliers: Flights are getting cheaper for some private-jet customers.

Accounting Today
Apr 06, 2020

Billions in stimulus cash from coronavirus: Who gets it and how to get access
This is normally the time of year when the federal government is collecting taxes due, but the devastating coronavirus now has the U.S. trying to rapidly dole out hundreds of billions of dollars in aid and tax breaks to businesses large and small.

Accounting Today
Apr 06, 2020

Coronavirus: Lessons learned
Jim Bourke of Top 100 Firm Withum shares what his firm and others have learned from responding to the COVID-19 pandemic.

Accounting Today
Apr 06, 2020

10 things to know about IRS operations during the coronavirus pandemic
Even as they still have to deal with tax season, the service is tasked with handling much of the stimulus packages.

Accounting Today
Apr 03, 2020

CFOs steering companies through coronavirus crisis, IMA finds
Chief financial officers are playing a key role in helping their companies cope with the fallout from the coronavirus pandemic and the economic devastation it's causing, according to officials from the Institute of Management Accountants.

Accounting Today
Apr 03, 2020

People & firms on the move: RSM elects international board chair
ICPAS announces 2020 outstanding leadership award winners; Abacus Worldwide and JHI merge; and more CPA news.

Accounting Today
Apr 03, 2020

A guide to coronavirus business survival resources and relief
Accounting and tax professionals are especially in the throes of the evolving situation as federal and state governments discuss how they will provide relief to struggling families and American businesses.

Accounting Today
Apr 03, 2020

Tycoon behind Luckin loses $1B after accounting scandal
The accounting scandal at Starbucks Corp.'s biggest competitor in China triggered a rout in shares linked to the company's chairman, wiping out most of his wealth and knocking the tycoon out of the ranks of China's billionaires.

Accounting Today
Apr 03, 2020

Coronavirus rescue plan for U.S. small business kicks off beset by concerns
The Trump administration's $349 billion small-business rescue kicked off Friday surrounded by concerns about its ability to handle an expected flood of applications and deliver enough aid to mom-and-pop firms hit hardest by the coronavirus pandemic.

Accounting Today
Apr 03, 2020

Some coronavirus stimulus checks may not arrive until September
Some people counting on $1,200 stimulus checks from the government may not see the money until mid-September, according to a House Ways and Means Committee analysis.

Accounting Today
Apr 03, 2020

Leading a 100-percent remote workforce during coronavirus
For years now, my CPA firm has had the ability to work remotely. Never, though, did I consider a scenario where everyone would be working from home for weeks on end.

Accounting Today
Apr 02, 2020

Tax Fraud Blotter: Civic misbehavior
Over the Topps; a thirst for fraud; the sky is limited; and other highlights of recent tax cases.

Accounting Today
Apr 02, 2020

Intuit joins GoFundMe, Yelp to provide small-business relief
The Small Business Relief Initiative is designed to get money in the hands of small businesses specifically struggling to pay employees and business expenses during the pandemic.

Accounting Today
Apr 02, 2020

GASB releases guidance on LIBOR transition
The Governmental Accounting Standards Board published guidance to help state and local governments transition move to newer reference rates that are less prone to market manipulation.

Accounting Today
Apr 02, 2020

IRS warns of coronavirus-related tax scams
The Internal Revenue Service issued a warning urging taxpayers to beware of scammers calling and emailing them about the stimulus payments they are expecting as a result of last week's CARES Act.

Accounting Today
Apr 02, 2020

You might have a tax shelter and not know it. Coronavirus could make matters worse
Ask the average business owner if they have a tax shelter and they'd probably have a chuckle while wistfully thinking about how nice it would be to swim in crystal clear waters while their offshore bank accounts grew, unencumbered by state and federal taxes.

Accounting Today
Apr 02, 2020

FASB mulls pushing back accounting standards deadlines in response to coronavirus
The Financial Accounting Standards Board will be meeting next week to discuss the impact of the novel coronavirus pandemic on its stakeholders, including pushing back the effective dates of some of its upcoming accounting standards.

Accounting Today
Apr 02, 2020

IRS will allow coronavirus stimulus payments for seniors who don't file tax returns
The Internal Revenue Service and the Treasury Department have reversed course on requiring senior citizens to file a "simple tax return" in order to receive a stimulus payment as part of the coronavirus package passed by Congress last week.

Accounting Today
Apr 02, 2020

IRS extends deadlines for applying to Taxpayer Advocacy Panel
The TAP also just welcome 33 new members.

Accounting Today
Apr 02, 2020

KPMG reprimanded, again, and fined $560K for audit failings in U.K.
KPMG and one of its senior partners have been reprimanded and fined 455,000 pounds ($560,000) for failings in its audit of a U.K. company, the latest sanction against the Big Four auditor in recent years.

Accounting Today
Apr 02, 2020

New stats don't bode well for error-free coronavirus stimulus payments
Federal agencies are increasingly sending incorrect benefit payments to Americans, a government watchdog said as the Internal Revenue Service prepares to send more than $292 billion in direct payments to households as part of the government's coronavirus response.

Accounting Today
Apr 02, 2020

Trump, Pelosi put 2017 tax law on table in next coronavirus aid round
Some of the most contested pieces of the 2017 tax overhaul are being revisited as the White House and Congress begin to discuss another round of economic stimulus, including restoring the break for entertaining business clients and lifting the cap on state and local deductions.

Accounting Today
Apr 02, 2020

Generational Viewpoints: Top tips for working from home
NextGen veterans of remote work share their success strategies.

Accounting Today
Apr 01, 2020

Keeping your remote team engaged
Employees can be "all in" no matter where they work, according to Amy Leschke-Kahle of the Marcus Buckingham Co., an ADP company, provided managers are engaged with them.

Accounting Today
Apr 01, 2020

Keep in touch: Video and CRM apps to navigate the coronavirus crisis
As I write this, things are going from bad to worse with the COVID-19 crisis. With the high level of anxiety that comes with a stressful situation, and the equally high level of uncertainty, it's easy to get distracted. But the fact is that most of us are now working from home, and while this is unfamiliar to many, that isn't necessarily a bad thing, even though the circumstances that necessitate it are frightening.

Accounting Today
Apr 01, 2020

The coronavirus pandemic requires bold firm leadership
During these unprecedented times, here are some tips for navigating your team through one of the most tumultuous tax seasons it has ever seen.

Accounting Today
Apr 01, 2020

3 steps to manage your company during economic uncertainty
The time for decisive action is now. Companies that operate well through this downturn may be able to leapfrog competitors.

Accounting Today
Apr 01, 2020

Tax deadlines delayed for alcohol, tobacco, firearms and ammunition businesses hit by coronavirus
The Treasury Department is pushing back the tax payment due dates for wine, beer, distilled spirits, tobacco products, firearms and ammunition excise taxes to offer them more flexibility for businesses that have been negatively affected by the coronavirus pandemic.

Accounting Today
Apr 01, 2020

10 ways to immunize your firm during a crisis like the coronavirus
Here are 10 suggestions to help firms think through near-term needs and create a plan to help shore up business continuity and mitigate some risks during this sensitive time.

Accounting Today
Apr 01, 2020

Firms giving back: Coronavirus edition
An ongoing catalogue of firms' philanthropic efforts in the wake of the coronavirus pandemic.

Accounting Today
Apr 01, 2020

There's a battle brewing for taxpayers' $1,200 government relief check for coronavirus
The world's largest payment companies are fighting for their own piece of the U.S. coronavirus stimulus: an assignment to help distribute some of the relief money that will be sent to millions of Americans in the coming weeks.

Accounting Today
Apr 01, 2020

Make the move to a culture of quality audits
A better audit isn't measured by the number of forms completed.

Accounting Today
Apr 01, 2020

Boomer's Blueprint: From business as usual to unusual business
Making the switch to an entirely new model.

Accounting Today
Apr 01, 2020

Juggling IRS payment deadlines
Managing filing dates, payment dates, and scheduled tax payments is even more complicated this year, thanks to the coronavirus.

Accounting Today
Apr 01, 2020

Pathways to Growth: ‘Chain' reaction
Blockchain explorers share their real-life experiences.

Accounting Today
Mar 31, 2020

Continuous Testing for U.S. CPA Exam candidates to begin July 1
The new testing model, which will replace the existing Testing Window model, will allow candidates to take the exam year-round, with no restriction, in the wake of the coronavirus pandemic.

Accounting Today
Mar 31, 2020

In the blogs: The virtues of virtual
CARES examined; IRS challenges; the months ahead; and other highlights from our favorite tax bloggers.

Accounting Today
Mar 31, 2020

Small businesses feeling the impact of coronavirus on job and wage growth
Small businesses that had been experiencing steady job and wage growth prior to the outbreak of the coronavirus pandemic are seeing that situation change, according to figures from the payroll giant Paychex.

Accounting Today
Mar 31, 2020

Abacus Worldwide and JHI Association to merge
The two accounting associations have signed a letter of intent to merge, effective Sept. 1, 2020.

Accounting Today
Mar 31, 2020

Research credit studies can expedite IRS tax audits
Throughout most of its decades-long history, research credit audits have exposed areas of misunderstanding and, in many circumstances, led to major disagreements with the IRS.

Accounting Today
Mar 31, 2020

White House, Pelosi weigh next stimulus amid ire over last coronavirus bill
One possible move is getting rid of the limit on state and local tax deductions, or SALT, that was part of the 2017 tax overhaul.

Accounting Today
Mar 31, 2020

The keys to leading a remote team
Having your staff work from home is about much more than making sure their technology works.

Accounting Today
Mar 31, 2020

IRS accepting email and digital signatures on tax documents due to coronavirus
The Internal Revenue Service is now accepting email and digital signatures on tax documents to make it easier for tax professionals and taxpayers to communicate with the agency during the novel coronavirus pandemic.

Accounting Today
Mar 31, 2020

IRS employees ordered to work from home to avoid coronavirus
The Internal Revenue Service has asked all of its employees to work from home as a result of the coronavirus pandemic.

Accounting Today
Mar 31, 2020

Staffing a wealth management practice
The wealth management business as we currently know it is far less mature than the CPA or legal professions. After all, the Certified Financial Planner certification was only born in 1972 and the Certified Financial Planner Board of Standards was founded in 1985. With far less history than the CPA profession, the financial planning or wealth management business is still evolving into a profession that can be broadly respected and somewhat consistent from practice to practice. As of this writing, it's my opinion that the wealth management business at large still has a long way to go.

Accounting Today
Mar 31, 2020

Tech News: Inovautus Consulting offers coronavirus-related legislation comms toolkit for firms
Tipalti threads AI into AP platform, and Corcentric creates global partnerships program.

Accounting Today
Mar 31, 2020

Tech News: Inovautus offers coronavirus legislation comms toolkit
Tipalti threads AI into AP platform, and Corcentric creates global partnerships program.

Accounting Today
Mar 30, 2020

CFOs worried about economic impact of coronavirus
Most CFOs polled by PwC expressed great concern for their business and 80 percent anticipate COVID-19 will decrease their revenue or profits this year.

Accounting Today
Mar 30, 2020

IRS postpones deadline for gift and generation-skipping transfer taxes due to coronavirus
The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

Accounting Today
Mar 30, 2020

IRS postpones deadline for gift and GST taxes due to coronavirus
The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

Accounting Today
Mar 30, 2020

Art of Accounting: Caring about practice management amid coronavirus
We are on new ground with the coronavirus pandemic, and we need to adapt as much and as quickly as possible.

Accounting Today
Mar 30, 2020

The fight against sales taxes on professional services goes on
Maryland and California are the main fronts in a continuing war.

Accounting Today
Mar 30, 2020

Navigating the coronavirus crisis
AICPA executives Mark Koziel and Carl Peterson shares strategies, tactics and resources for CPAs trying to make their way through the COVID-19 pandemic.

Accounting Today
Mar 30, 2020

Trump says he wants to restore tax deductions for business meals
President Donald Trump said he wants to restore corporate tax deductions for business meals as restaurants reel from the impact of the coronavirus outbreak.

Accounting Today
Mar 30, 2020

Case Studies: Bookkeeping software in 2020
Three firms share very different approaches to handling clients' books.

Accounting Today
Mar 27, 2020

New Taxpayer Advocate takes the reins early
Erin Collins is getting a jump on handling coronavirus-related issues.

Accounting Today
Mar 27, 2020

$2.2T coronavirus stimulus package signed into law
The measure contains tax relief for both businesses and individuals, and other stimulus measures.

Accounting Today
Mar 27, 2020

Lukka debuts resource library on all things cryptocurrency
The papers are mostly short form, and each addresses a specific issue and is meant to provide viewers with cutting-edge perspectives on issues related to the crypto ecosystem's most hotly-debated topics.

Accounting Today
Mar 27, 2020

How financial close automation can turn data noise into narrative
We live in an age of enormous technological advancement, yet most finance organizations continue to operate with significant manual intensity.

Accounting Today
Mar 27, 2020

Tax Strategy: New health reimbursement arrangements for 2020
Employers have more options for helping employees with medical care.

Accounting Today
Mar 27, 2020

Three tenets of accounting firm sustainability
Accounting firms that manage people, performance and profitability will have the insights and resources to prepare for threats and opportunities.

Accounting Today
Mar 27, 2020

Keeping accounting teams afloat during the coronavirus crisis
A conversation that all accounting firms and departments need to have, especially during times of viral epidemics and other public health crises, is how to keep the business running efficiently during these times.

Accounting Today
Mar 27, 2020

Accountants find themselves working through a public health emergency with coronavirus
A conversation that all accounting firms and departments need to have, especially during times of viral epidemics and other public health crises, is how to keep the business running efficiently during these times.

Accounting Today
Mar 27, 2020

Senate staffers offer answers on coronavirus recovery rebate checks
Republican staff on the Senate Finance Committee have released a set of answers to frequently asked questions about the stimulus payments.

Accounting Today
Mar 27, 2020

People & firms on the move: Crowe outlines CEO succession plan
AAM extends awards deadlines; Seidel Schroeder admits two partners; and more CPA news.

Accounting Today
Mar 27, 2020

Deadline extended for Accounting Today 'Best Firms for Technology' submissions
Firms will be selected based on the policies and technologies they have in place, their philosophies and strategies surrounding technology in their practice, and their history in leveraging and implementing technology for their own and their clients' benefit.

Accounting Today
Mar 27, 2020

IRS closes Practitioner Priority Service and e-Services Help Desk due to coronavirus
The Internal Revenue Service is shutting down its Practitioner Priority Service line, e-Services Help Desk, as well as the e-Services FIRE and AIR system help desks, until further notice, due to staff limitations amid the pandemic.

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