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 NEWS: ACCOUNTING TODAY
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   NEWS: ACCOUNTING TODAY
Accounting Today
Apr 30, 2021

Accountants help restaurants apply for new SBA grants


Accounting Today
Apr 30, 2021

IRS previews proposed K-2 and K-3 for int'l taxes


Accounting Today
Apr 30, 2021

The future is asynchronous


Accounting Today
Apr 30, 2021

Firms giving back: KPMG donates $100K toward India COVID-19 relief


Accounting Today
Apr 30, 2021

People & firms on the move: Wipfli names NFP & gov't leader


Accounting Today
Apr 30, 2021

U.S. small biz is recovering after COVID-19 sucker punch


Accounting Today
Apr 30, 2021

Biden tax proposal would kick in at over $500K for couples


Accounting Today
Apr 30, 2021

Biden musters early momentum for tax-spend vision


Accounting Today
Apr 30, 2021

Biden says tax hikes on rich will fund cuts for many more


Accounting Today
Apr 30, 2021

Finding your firm's fan base


Accounting Today
Apr 29, 2021

Biden calls for raising taxes on capital gains and wealthy
President Biden's American Families Plan would provide tax credits for families and low-income workers, but eliminate a popular tax break for inheritances and raise taxes on capital gains.

Accounting Today
Apr 29, 2021

IESBA revamps auditor independence ethics rules
The International Ethics Standards Board for Accountants has revised its ethics standards to safeguard auditor independence for non-assurance services and associated fees.

Accounting Today
Apr 29, 2021

CBIZ acquires Berntson Porter
CBIZ is expanding to the Pacific Northwest, with its subsidiary CBIZ Accounting, Tax & Advisory of Washington buying the non-attest assets of Berntson Porter & Co., a firm in Bellevue, Washington.

Accounting Today
Apr 29, 2021

Tax Fraud Blotter: Thank you for your service
Convoy con; now needs counsel; third time's the charm; and other highlights of recent tax cases.

Accounting Today
Apr 29, 2021

SEC enforcement chief resigns days after taking job
Alex Oh abruptly resigned Wednesday, citing a complication in a case from her prior legal career.

Accounting Today
Apr 29, 2021

Create shareholder value through good corporate citizenship
Having a positive impact on society is more than just making the world a better place; it also makes good business sense.

Accounting Today
Apr 29, 2021

Biden $400K tax-hike threshold may hit couples
The proposal won't affect couples with incomes below $400,000 — but could impact couples who together exceed that threshold.

Accounting Today
Apr 29, 2021

Biden offers a vision of unity with rich paying ‘fair share' of taxes
The president declared the U.S. has turned the corner on a pandemic that's killed more than half a million Americans.

Accounting Today
Apr 29, 2021

Biden dares Democrats to shift tax burden to wealthy
The president called for higher taxes on the rich to fund a massive investment in the nation's social safety net.

Accounting Today
Apr 29, 2021

3 ways to capture opportunity in disruptive times
Accountants have come a long way during the pandemic — but they can go ever further.

Accounting Today
Mar 09, 2021

Global securities watchdog targets greenwashing in ESG plan
Global organizations that set corporate reporting standards failed to keep pace with the ESG boom, opening the door to greenwashing, mispricing and bubbles, according to one such group.

Accounting Today
Mar 09, 2021

A UBS whistleblower, a meeting at a boutique and a record fine
UBS Group AG questioned investigators' dealings with a whistleblower who provided documents and evidence about an event for wealthy clients at the French Open that helped lead to a record 4.5 billion-euro ($5.4 billion) penalty.

Accounting Today
Mar 09, 2021

COVID-19 highlights financial planning opportunities this tax season
Now is a great time to start helping clients plan for their financial futures.

Accounting Today
Mar 08, 2021

Momentum builds for delaying tax deadline
Leaders of the House Ways and Means Committee and accounting groups are calling for extending the tax deadline to give the IRS, taxpayers and tax professionals an extra three months.

Accounting Today
Mar 08, 2021

FICPA appoints new president and CEO
The Florida Institute of CPAs has tapped association executive Shelly Weir as its new president and CEO.

Accounting Today
Mar 08, 2021

IFRS Foundation moves ahead on international sustainability standards board
The International Financial Accounting Standards Foundation is pushing forward on a proposal to set up an international sustainability standards board it would oversee along with the International Accounting Standards Board.

Accounting Today
Mar 08, 2021

AICPA calls for later PPP deadline, revisions to guidance
Confusion around the program and other stimulus measures may be preventing small businesses from getting the help they need.

Accounting Today
Mar 08, 2021

AICPA marks International Women's Day
The Association of International CPAs has shared a number tips for firms to better support and advance female professionals.

Accounting Today
Mar 08, 2021

New ways to be an accountant
Marjorie Adams of Fourlane discusses nontraditional careers in accounting, and why she's setting up a scholarship fund to encourage students to explore them.

Accounting Today
Mar 08, 2021

Art of Accounting: Managing client expectations
Overpromising and missing deadlines is a guaranteed way to disappoint clients.

Accounting Today
Mar 08, 2021

Biden nears big win as $1.9T stimulus goes to final vote
President Joe Biden is on the cusp of his first legislative win with the House ready to give final passage to his $1.9 trillion COVID-19 relief plan. It includes a big expansion in the child tax credit and makes student loan forgiveness tax free.

Accounting Today
Mar 06, 2021

What's in the $1.9T stimulus bill passed by the Senate
Senate Democrats passed the latest version of the $1.9 trillion stimulus bill after a more than 24-hour voting session that included the longest single vote in the chamber's history.

Accounting Today
Mar 05, 2021

SEC creates task force to enforce ESG disclosures
The Securities and Exchange Commission has formed a Climate and ESG Task Force in its enforcement division to identify misconduct in environmental, social and governance reporting.

Accounting Today
Mar 05, 2021

AICPA urges delay in tax deadline until June 15
The American Institute of CPAs is asking the Treasury Department and the Internal Revenue Service to push back the tax filing and payment deadline for two months.

Accounting Today
Mar 05, 2021

Franklin University, Ohio Society of CPAs partner on continuing education courses
The Columbus, Ohio-based university will develop online training courses for CPAs throughout the state.

Accounting Today
Mar 05, 2021

Franklin University, Ohio Society partner on continuing ed
The Columbus, Ohio-based university will develop online training courses for CPAs throughout the state.

Accounting Today
Mar 05, 2021

From Panama to Big Four partner: Conquering personal and professional challenges
Whenever anyone asks me how long I've been with Ernst & Young LLP, I'm always tempted to answer, "Since I was 14."

Accounting Today
Mar 05, 2021

People & firms on the move: Grant Thornton names first chief risk and compliance officer
CalCPA adds new membership category; Maxwell Locke & Ritter celebrates 30 years; and more CPA news.

Accounting Today
Mar 05, 2021

WE Charity leaves a trail of enraged, grieving donors
A donor has asked the IRS to open a fraud investigation into a nonprofit that builds schools in Africa, and for Canada's federal police to seize its records.

Accounting Today
Mar 05, 2021

N.Y. tax and budget deadline converge with Cuomo scandals
Emboldened New York lawmakers could take on a politically weakened Governor Andrew Cuomo to push their own budget agenda, including a more progressive tax policy targeting the ultra-wealthy.

Accounting Today
Mar 05, 2021

Cuomo scandals embolden N.Y. legislature on tax plans
New York lawmakers could take on a politically weakened governor to push their own budget agenda, including a more progressive tax policy targeting the ultra-wealthy.

Accounting Today
Mar 05, 2021

Employers added 379K jobs in February, but cut 1.5K in accounting
The unemployment rate slipped to 6.2 percent , the U.S. Bureau of Labor Statistics reported Friday, although there was a drop in positions in accounting and bookkeeping services.

Accounting Today
Mar 05, 2021

Employers added 389K jobs in February, but cut 1.5K in accounting
Employment increased by a robust 379,000 jobs in February, the U.S. Bureau of Labor Statistics reported Friday, although there was a drop in accounting and bookkeeping services positions.

Accounting Today
Mar 05, 2021

House panel questions opioid companies on using tax break
The House Oversight and Reform Committee is probing whether executives at four drug industry companies plan to use a pandemic-related tax break to deduct opioid settlement payments.

Accounting Today
Mar 05, 2021

House questions opioid companies on tax break
The House Oversight and Reform Committee is probing whether executives at four drug industry companies plan to use a pandemic-related tax break to deduct opioid settlement payments.

Accounting Today
Mar 05, 2021

The corporate accountant's role in implementing technology
They're in the perfect position to make sure their organization gets the most out of their IT investment.

Accounting Today
Mar 04, 2021

AICPA asks Congress for deadline extension on PPP loans
The American Institute of CPAs has requested an extension of at least 60 days from Congress on the March 31 deadline for submitting applications for Paycheck Protection Program loans.

Accounting Today
Mar 04, 2021

Trump claims Constitution still protects his taxes as ex-president
The legal battle over House Democrats' efforts to obtain Donald Trump's tax returns may turn on whether a former president can still assert constitutional protections against congressional requests.

Accounting Today
Mar 04, 2021

Tax Fraud Blotter: Game over
In Touch and in jail; end of the ride; took a powder; and other highlights of recent tax cases.

Accounting Today
Mar 04, 2021

Xero to buy Planday
The cloud accounting software maker is acquiring a provider of workday management and employee-scheduling software, for up to $219.7 million.

Accounting Today
Mar 04, 2021

Becoming a CPA at 60: 10 tips for passing the CPA Exam
Christine Kuglin started her journey to pass the test by thinking, 'Today is a good day to become a CPA.'

Accounting Today
Mar 04, 2021

Becoming CPA at 60: 10 tips for passing the CPA Exam
Christine Kuglin started her journey to pass the test by thinking, 'Today is a good day to become a CPA.'

Accounting Today
Mar 04, 2021

Senate final vote on stimulus likely pushed into weekend
The Senate enters the final stages of debating President Joe Biden's $1.9 trillion pandemic relief bill on Thursday, with passage in the chamber likely pushed off until the weekend.

Accounting Today
Mar 04, 2021

Biden asks for more time on decision to release Trump taxes
The Biden administration said it needed more time to decide whether to turn over former president Donald Trump's tax returns to Congress.

Accounting Today
Mar 04, 2021

Biden wants more time on decision to release Trump taxes
In a court filing Wednesday, the Treasury Department and the Justice Department said they were still weighing how to respond to a subpoena by House Democrats.

Accounting Today
Mar 04, 2021

The fastest-growing firms in the U.S. — 2021
The 20 accounting practices with the highest revenue growth in percentage terms in 2020 from Accounting Today's Top 100 and Regional Leaders list.

Accounting Today
Mar 04, 2021

He Said, She Said: What sort of impact do you and your firm have?
This is a time of for accounting firms to think about their purpose -- what footprint, what impact, what difference they are making, and what legacy they are leaving.

Accounting Today
Mar 03, 2021

GASB to fix gov't reporting for compensated absences
The Governmental Accounting Standards Board is looking for feedback on a proposal to improve the guidance on compensated absences for state and local government employees, along with disclosure requirements.

Accounting Today
Mar 03, 2021

GASB to fix government reporting rules for compensated absences
The Governmental Accounting Standards Board is looking for feedback on a proposal to improve the guidance on compensated absences for state and local government employees, along with disclosure requirements.

Accounting Today
Mar 03, 2021

Goodwill impairment fell in 2019, but rose sharply in 2020
Goodwill impairments recorded by public companies declined in 2019, but the COVID-19 pandemic appears to have caused it to spike in 2020, based on early reports.

Accounting Today
Mar 03, 2021

Goodwill impairment looks to have spiked in 2020
Goodwill impairments recorded by public companies declined in 2019, but the COVID-19 pandemic appears to have caused it to spike in 2020, based on early reports.

Accounting Today
Mar 03, 2021

What kind of firm do you want to create?
High touch vs. high tech? Both have merit, but you can't be both.

Accounting Today
Mar 03, 2021

Yellen names EY's Murillo to top international tax post
Treasury Secretary Janet Yellen added an international tax policy expert to her staff as the U.S. reverses a Trump-era stance over digital taxation of technology companies.

Accounting Today
Mar 03, 2021

New York warns hedge funds: Pay taxes ‘like everybody else'
Thomas Sandell and Sandell Asset Management are paying $105 million to New York, the biggest fine of its kind in the state.

Accounting Today
Mar 03, 2021

Warren backs more audits for rich as part of wealth tax plan
Senator Elizabeth Warren said IRS funding should be bolstered so the richest Americans get audited about once every three years as part of her proposed 2 percent annual tax on wealth in excess of $50 million.

Accounting Today
Mar 03, 2021

Private sector added 117K jobs in February
Employment in the private sector grew by 117,000 jobs last month, according to ADP, despite cuts at big companies, manufacturers and builders, as the economy continued its slow recovery.

Accounting Today
Mar 03, 2021

Finance and accounting fall short on diversity
The corporate finance and accounting area underperforms compared to other job functions when it comes to diversity, equity and inclusion.

Accounting Today
Mar 03, 2021

Practice Profile: Bringing personality to personal finance
Big Four CPA Tiffany Vaughn has a side gig: Helping people achieve their money goals.

Accounting Today
Mar 03, 2021

Staffing: The new virtual reality
As more firms recruit remotely and beyond their geographic borders, some new hires may never need to come into the office again.

Accounting Today
Mar 02, 2021

Florida Institute of CPAs outlines 2021 DE&I goals
FICPA's Task Force on Diversity and Inclusion, launched last September, announced a number of initiatives this year to advance equitable treatment in its member firms.

Accounting Today
Mar 02, 2021

A tax switch on IRAs and 401(k)s could hurt high earners
A Biden proposal to change the tax deduction for contributions to a tax credit could have serious implications.

Accounting Today
Mar 02, 2021

CMAs experienced fewer salary cuts during pandemic
Certified management accountants weren't as hurt salary-wise by the economic downturn caused by the COVID-19 pandemic as non-CMAs, according to a new survey.

Accounting Today
Mar 02, 2021

BDO buys digital marketing firm
The Top 10 Firm is bolstering its tech services by acquiring DemandGen International Inc., a digital marketing strategy and technology services agency.

Accounting Today
Mar 02, 2021

In the blogs: Turning over a new relief
To delay or not delay; three questions about a digital tax; nonprofits and theft; and other highlights from our favorite tax bloggers.

Accounting Today
Mar 02, 2021

Small business wages grew in February
Hourly earnings and weekly hours worked at small businesses improved last month, according to payroll giant Paychex, while hiring dipped slightly during the pandemic.

Accounting Today
Mar 02, 2021

Small-business wages grew in February
Hourly earnings and weekly hours worked at small businesses improved last month, according to payroll giant Paychex, while hiring dipped slightly during the pandemic.

Accounting Today
Mar 02, 2021

Opportunities expand for accountants amid pandemic
Accounting firms must focus on building and nurturing relationships more than ever before.

Accounting Today
Mar 02, 2021

New client service opportunities expand amid pandemic
Accounting firms must focus on building and nurturing relationships more than ever before.

Accounting Today
Mar 02, 2021

Donor asks IRS to open fraud investigation into WE charity
A U.S. donor to Canada's WE Charity said he has asked the Internal Revenue Service to open a fraud investigation into the organization after testifying that it took down a plaque on a Kenya school built to honor his dead son and replaced it with that of another donor.

Accounting Today
Mar 02, 2021

Karbon raises $10M
A strategic investment will help the practice management software developer support its growth worldwide.

Accounting Today
Mar 02, 2021

The risks of tax season
Practitioners face malpractice issues right from the start of filing, and this year may be even worse than usual.

Accounting Today
Mar 01, 2021

IRS offers guidance on employee retention credit and PPP eligibility
The Internal Revenue Service released guidance Monday for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program.

Accounting Today
Mar 01, 2021

SASB moves forward on standard-setter consolidation
The Sustainability Accounting Standards Board is finalizing a merger with the International Integrated Reporting Council, while watching efforts to establish a standard-setter overseen by the International Financial Reporting Standards Foundation.

Accounting Today
Mar 01, 2021

IRS faces delays, risks for tax season amid pandemic
The Internal Revenue Service needs to take action to avoid processing delays this tax season due to the COVID-19 pandemic, according to a new government report.

Accounting Today
Mar 01, 2021

Baker Tilly tops the charts in 2020 SEC audit clients
A major merger puts the firm in the lead at the end of a difficult year.

Accounting Today
Mar 01, 2021

Art of Accounting: Email etiquette
While email is the most expeditious way to communicate, we have to be mindful and thoughtful about what we choose to share before clicking Send.

Accounting Today
Mar 01, 2021

Elizabeth Warren, other progressives propose ‘ultra-millionaire' tax
Senator Elizabeth Warren, joined by Representatives Pramila Jayapal and Brendan Boyle, proposed a new wealth tax on households with a net worth of more than $50 million.

Accounting Today
Mar 01, 2021

Warren and other progressives propose ‘ultra-millionaire' tax
Senator Elizabeth Warren, joined by Reps. Pramila Jayapal and Brendan Boyle, proposed a new wealth tax on households with a net worth of more than $50 million.

Accounting Today
Mar 01, 2021

Democrats shelve minimum wage tax to speed stimulus
Senate Democrats are jettisoning a proposal to use the Tax Code to penalize corporations that don't raise the minimum wage for their lowest-paid workers in an effort to keep President Joe Biden's broader stimulus plan on track for quick passage, according to two people familiar with the matter.

Accounting Today
Mar 01, 2021

Democrats shelve minimum wage tax to speed work on stimulus
Senate Democrats are jettisoning a proposal to use the Tax Code to penalize corporations that don't raise the minimum wage for their lowest-paid workers in an effort to keep President Joe Biden's broader stimulus plan on track for quick passage, according to two people familiar with the matter.

Accounting Today
Mar 01, 2021

U.S. drops digital tax demand, opening door to global deal
The U.S. has dropped a key demand in negotiations over digital taxation of technology companies such as Alphabet Inc.'s Google and Facebook Inc., lifting a barrier that had raised transatlantic trade tensions and prevented an international deal.

Accounting Today
Mar 01, 2021

Myth-busting: The move to advisory
Will Hill and Paul Miller of "The Pulse of the Practice" podcast correct some of the accounting profession's biggest misconceptions around the shift to value-added services.

Accounting Today
Mar 01, 2021

Ensure they're insured
CPA financial planners should play a major role in giving life insurance advice to their clients.

Accounting Today
Feb 27, 2021

Corporate-tax proposal in Senate stokes economists' concern
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.

Accounting Today
Feb 27, 2021

House passes Biden aid with $1,400 checks; focus moves to Senate
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.

Accounting Today
Feb 26, 2021

Tax executives have trouble plotting strategy this year
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.

Accounting Today
Feb 26, 2021

IFAC teams with IIRC on integrated reporting assurance
The International Federation of Accountants is partnering with the International Integrated Reporting Council on a joint initiative.

Accounting Today
Feb 26, 2021

Leverage data analytics to curb fraud risks
Analytics can help auditors focus on high-risk issues for further analysis and investigation.

Accounting Today
Feb 26, 2021

Trump's tax returns arrive at Manhattan prosecutor's office
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.

Accounting Today
Feb 26, 2021

Key senators float corporate tax to enable minimum-wage hike
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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