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Jan 17, 2020
Less than a thousand businesses were affected by an OMB determination involving the refundable corporate minimum tax credit.
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Jan 17, 2020
Baker Newman Noyes and Aronson cut ribbons on new offices; Sweeney Conrad celebrates 40 years; and more CPA news.
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Jan 17, 2020
Marketing directors and partners at accounting firms share the same goal: advancing the firm's brand and helping it achieve specific growth and profitability targets.
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Jan 17, 2020
Aprio promotes a dozen to partner and director; Mathieson, Moyski, Austin & Co. hires first firm administrator; and more personnel news.
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Jan 17, 2020
Savings for the top six U.S. banks from President Donald Trump's signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders.
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Jan 17, 2020
A group of international accounting organizations is calling for improved reporting and action on the UN's Sustainable Development Goals to hit the ambitious goals set for 2030.
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Jan 17, 2020
Barry Pennett has been placed in the new role of vice president and general manager of Intuit's ProConnect Group, just in time for tax season.
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Jan 17, 2020
Barry Pennett has been named to the new role of vice president and general manager of Intuit's ProConnect Group, just in time for tax season.
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Jan 17, 2020
They call themselves the Patriotic Millionaires, and they say with straight faces it's time the ultra-affluent kick in more to Uncle Sam.
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Jan 17, 2020
Filing taxes last year was a nightmare for taxpayers, their accountants and the Internal Revenue Service. This year might not be much better.
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Jan 17, 2020
Top 100 Firm Boyer & Ritter also donated more than 3,100 cans of food as part of the firm's holiday party.
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Jan 16, 2020
A little off the top; noted; over the Edge; and other highlights of recent tax cases.
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Jan 16, 2020
UHY Advisors and UHY LLP merged in Pattison, Koskey, Howe and Bucci, CPAs; MBAF expanded its tax and accounting practice by adding Kramer & Associates; and Fiondella, Milone & LaSaracina merged in Viola Chrabascz Reynolds and Formica & Dobkin.
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Jan 16, 2020
The Financial Accounting Standards Board has issued a standards update aimed at clarifying the interaction between the rules related to equity securities, equity method investments and certain derivatives.
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Jan 16, 2020
The year 2019 was a continuation of the banner year of 2018 for major law and administrative changes in sales and use tax compliance, inspired and driven in large part by the Supreme Court's decision in South Dakota v Wayfair.
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Jan 16, 2020
The Association of Chartered Certified Accountants will provide mental health, lifestyle and community support as part of a new online resource.
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Jan 16, 2020
The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged.
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Jan 16, 2020
Professor S. Mark Young, the George Bozanic and Holman G. Hurt chair in sports entertainment business and professor of accounting at the University of Southern California, was recognized for his contributions to management accounting education.
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Jan 16, 2020
Vladimir Putin is putting his trust in an obscure technocrat with little political experience to be prime minister and revive Russia's flagging economy, as he prepares the country for the most significant constitutional overhaul in a generation.
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Jan 16, 2020
A former Internal Revenue Service analyst persuaded a judge not to send him to prison for leaking confidential government records on suspicious banking activity by President Donald Trump's former lawyer Michael Cohen.
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Jan 16, 2020
A group of six travel and expense management software vendors — Abacus, Captio, Certify, Chrome River, Nexonia and Tallie — have come together under a single company, Emburse, in an effort to challenge SAP Concur.
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Jan 15, 2020
The ability to explain accounting clearly is the power that will make accountants superheroes.
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Jan 15, 2020
The new credit losses accounting standard is not expected to have a major impact on the loan loss reserves of most large publicly listed U.S. banks, according to Moody's Investors Service.
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Jan 15, 2020
The Taxpayer First Act protects a broad range of disclosures about potential violations of IRS rules or tax fraud.
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Jan 15, 2020
Twenty-six diverse college students are the most recent class to graduate from the three-day internship preparation course.
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Jan 15, 2020
Average audit fees increased 4.25 percent from 2017 to 2018, according to a new report.
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Jan 15, 2020
Customer relationship management is an essential part of an accounting firm's business, but it often gets overlooked in favor of the good accounting work the firm does for their client.
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Jan 15, 2020
House Democrats' lawsuit seeking President Donald Trump's federal tax returns was put on hold as a judge said he's waiting for a higher court's ruling in a separate case on whether Congress can make ex-White House counsel Don McGahn testify.
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Jan 15, 2020
Some of the hardest evidence yet indicates that the 2017 Republican tax law is pushing money and people from high-tax U.S. states like New York and New Jersey and into low-tax states including Florida.
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Jan 15, 2020
The White House continues to work on a tax-cut plan in hope that Republican lawmakers will be in control of Congress after the 2020 elections, President Donald Trump's top economic aide Larry Kudlow said.
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Jan 15, 2020
With a little bit of data analysis, accountants can help small businesses develop more profitable approaches.
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Jan 14, 2020
Tracking refunds; an extra deadline; the Advocate's report; and other highlights from our favorite tax bloggers.
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Jan 14, 2020
The firm has continued its recent expansion streak in Southern California, snapping up its third firm in the Los Angeles area in recent months.
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Jan 14, 2020
Far fewer are concerned about the Tax Cuts and Jobs Act, unlike last year.
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Jan 14, 2020
Technology such as data analytics, artificial intelligence, machine learning, blockchain and robotic process automation will be playing a greater role in the accounting profession this year, according to a recent report from the Institute of Management Accountants.
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Jan 14, 2020
Accountants are left disgruntled with a lack of information.
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Jan 14, 2020
BlackRock, the world's biggest fund manager, said Tuesday that it plans to put sustainability at the center of its investment strategy and it will push companies to improve their climate risk disclosures.
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Jan 14, 2020
The Internal Revenue Service unveiled an enhanced Tax Withholding Estimator on its website Tuesday, designed to help workers fill out the new W-4 withholding form and hopefully avoid the problems seen last year when many taxpayers found themselves owing more taxes or receiving less of a tax refund than they expected.
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Jan 14, 2020
The move to the cloud is allowing users to make more of their data and of the many new intelligent tools that are out there.
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Jan 14, 2020
The Big Four firm's $450 million, 55-acre learning and development center is set to host 28,000 professionals through its first year of operation.
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Jan 14, 2020
For the owner of a multimillion-dollar company, selling by the end of 2020 could result in a much smaller tax bill than striking a deal in 2021 under new rules.
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Jan 13, 2020
New Jersey Governor Phil Murphy signed legislation Monday giving small businesses in the Garden State a workaround for the $10,000 cap on state and local tax deductions under the Tax Cuts and Jobs Act.
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Jan 13, 2020
The Internal Revenue Service's Whistleblower Office made 181 awards to whistleblowers in fiscal year 2019, totaling over $120 million and collected more than $616 million.
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Jan 13, 2020
The brand-new withholding form for 2020 will present taxpayers with challenges, and tax pros with opportunities, says ADP's Pete Isberg.
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Jan 13, 2020
I always prepare for client meetings. Sometimes I overprepare because I don't want to be unprepared and also because I want to control the pace, direction and timing of the meeting.
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Jan 13, 2020
Wulf Matthias of Wirecard AG resigned after months of controversy over the digital payments company's accounting practices.
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Jan 13, 2020
Wirecard AG Chairman Wulf Matthias resigned after months of controversy over the digital payments company's accounting practices.
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Jan 13, 2020
Priority ERP integrates AvaTax, Vertex achieves "Built for NetSuite" status, and Doc.It updates portal software.
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Jan 13, 2020
Priority ERP integrates AvaTax, Vertex achieves "Built for NetSuite" status, and Doc.It updates portal software.
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Jan 13, 2020
The Association of International Certified Professional Accountants and the Management Accounting Section of the American Accounting Association recognized three college professors with the 2020 Greatest Potential Impact on Management Accounting Practice Award.
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Jan 13, 2020
Accountants should be ‘ladies and gentlemen serving ladies and gentlemen.'
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Jan 10, 2020
The company has also partnered with Verady, a crypto-focused accounting firm, to acquire reliable data on the volatile virtual currency markets.
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Jan 10, 2020
BKD and MBAF each relocate NYC offices; AAM celebrates 30 years with new logo and Facebook Live event; and more CPA news.
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Jan 10, 2020
BKD and MBAF each relocate NYC offices; AAM celebrates 30 years with new logo and Facebook Live event; and more CPA news.
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Jan 10, 2020
Changes should make it easier for taxpayers to find the free versions of tax prep software from vendors who have been accused of misleading consumers into paying for the products.
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Jan 10, 2020
Katz, Sapper & Miller appoints first CIO; Reynolds, Bone & Griesbeck announces next MP; and more personnel news.
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Jan 10, 2020
The amount of time needed to prepare an audit or create a budget or forecast is greatly reduced with fintech, leaving staffers with the time they need to do more strategic work.
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Jan 10, 2020
The institute has asked the IRS and the Treasury to issue a notice clarifying that relief will also apply to S corporations.
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Jan 10, 2020
Consumers in 2019 were more likely to say plans to hike taxes on the wealthy would harm economic growth than they were in prior years, despite it being a key campaign pledge for nearly every Democratic presidential candidate, according to a new University of Michigan survey.
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Jan 10, 2020
Illinois firm Scheffel Boyle also donated 34 care packages to active U.S. service members.
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Jan 10, 2020
For years, accounting firms have relied on firm partners to use their personal and professional connections, charisma, and contacts to "make it rain" — to bring in new business and revenue that would enable the firm to grow and succeed.
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Jan 10, 2020
Most small businesses do run their own payroll, but they also wish they didn't have to.
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Jan 10, 2020
Bad news; 'tis the season; injunction schmunction; and other highlights of recent tax cases.
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Jan 09, 2020
Accounting firms are beginning to wade into the use of blockchain technology for audits, but with caution as the technology spreads beyond the cryptocurrency space where it's been used for digital assets like Bitcoin.
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Jan 09, 2020
Many dark money groups that raise funds for political and social causes and don't pay taxes aren't notifying the Internal Revenue Service of their intent to operate as tax-exempt organizations under section 501(c)4 of the Tax Code and haven't been penalized, according to a new report.
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Jan 09, 2020
The proposed changes could have the potential for expanding future enforcement proceedings.
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Jan 09, 2020
The average U.S. household is paying an annual surtax of more than $3,000 to subsidize taxpayers who aren't paying all they owe, a new report from the Taxpayer Advocate Service found.
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Jan 09, 2020
U.S. prosecutors recommended a three-month prison sentence for a former Internal Revenue Service analyst who pleaded guilty to illegally disclosing suspicious activity reports related to the private banking information of Michael Cohen, the former personal lawyer of President Donald Trump.
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Jan 09, 2020
The controversy keeps mounting over a new tax break for investing in poor U.S. communities. But investors keep piling in.
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Jan 09, 2020
The Internal Revenue Service debuted a new Gig Economy Tax Center on its IRS.gov website to help taxpayers who work with companies like Uber and Airbnb meet their tax obligations through more streamlined information.
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Jan 09, 2020
CPAs should be wary of these seven client requests around revenue recognition.
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Jan 08, 2020
The International Ethics Standards Board for Accountants has released a set of revisions to the International Code of Ethics for Professional Accountants, making some changes in the independence standards for assurance engagements, other than audit and review engagements.
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Jan 08, 2020
Windes merges in Smith, Linden & Basso; UHY Advisors acquires Stewart, Beauvis & Whipple; TYS merges with Lefkowitz; and McGuire Sponsel acquires Align Global Consulting.
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Jan 08, 2020
The National Society of Accountants is urging accounting undergraduates attending two- or four-year institutions to apply.
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Jan 08, 2020
The job numbers were boosted by employment in professional and business services.
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Jan 08, 2020
Avoid some of the problems that can come up during an audit by using the wrong words.
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Jan 08, 2020
The Internal Revenue Service's new anti-fraud filters are unnecessarily flagging millions of tax returns and delaying legitimate tax refunds for weeks or months, according to a new report from the acting National Taxpayer Advocate's office.
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Jan 08, 2020
Sometimes it can feel like now, it's up to the client to do their part so you can do your job. In many ways, you're right.
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Jan 08, 2020
Bookkeepers using tax prep as a loss leader, artificial intelligence everywhere, and eight other developments in technology this past month and how they'll impact your clients and your firm.
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Jan 07, 2020
Get working on it now, before the filing season rush begins.
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Jan 07, 2020
Top posts of last year; decades of breaks; parenting credits; and other highlights from our favorite tax bloggers.
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Jan 07, 2020
The Internal Revenue Service's announcement last month delaying a requirement for reporting partners' share of partnership capital offers some extra time to busy tax practitioners, but the issue still isn't going away and may lead to some other problems.
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Jan 07, 2020
The Avantax Wealth Management parent views HK Financial as another way of working with CPAs and tax professionals branching into the field.
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Jan 07, 2020
The Financial Accounting Foundation's board of trustees has named Joel Black, partner in charge of the audit practice at Top 100 Firm Mauldin & Jenkins, the next chair of the Governmental Accounting Standards Board.
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Jan 07, 2020
Donald Trump can face a lawsuit in New York because his residency at the White House "is not permanent" and his tax returns would prove it, according to an advice columnist suing the president for denying he raped her two decades ago.
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Jan 07, 2020
France and the U.S. will seek a compromise on the taxation of digital services over the next two weeks in an effort to avoid an escalation in the transatlantic trade dispute.
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Jan 07, 2020
The annual report looks back at 2019, while also detailing the agency's plans for the future.
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Jan 07, 2020
PKF O'Connor Davies adds DHL&S; LBMC Technology Solutions merges with InterDyn Artis; Finkler joins HW&Co.; Gilliam Coble & Moser merges with Apple, Bell, Johnson & Co.; and Blucora plans acquisition of HK Financial Services.
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Jan 07, 2020
PKF O'Connor Davies adds DHL&S; LBMC Technology Solutions merges with InterDyn Artis; Finkler joins HW&Co.; Gilliam Coble & Moser merges with Apple, Bell, Johnson & Co.; and Blucora plans acquisition of HK Financial Services.
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Jan 07, 2020
While the temptation may be great to take your foot off the gas pedal and coast into commencement, I recommend taking an alternate approach.
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Jan 07, 2020
For many tax pros, temporary staff aren't worth the trouble.
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Jan 06, 2020
Filing will begin on Monday, Jan. 27, 2020.
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Jan 06, 2020
BDO adds Biegel Waller; Brown Edwards expands in Virginia; Prager Metis combines with Shine & Company; Hoffman Eells merges with Abbott, Frenyea & Russell; and Mariner Wealth Advisors acquires the tax practices of David G. Miller & Associates and G.M. Bremer & Associates.
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Jan 06, 2020
BDO adds Biegel Waller; Brown Edwards expands in Virginia; Prager Metis combines with Shine & Company; Hoffman Eells merges with Abbott, Frenyea & Russell; and Mariner Wealth Advisors acquires the tax practices of David G. Miller & Associates and G.M. Bremer & Associates.
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Jan 06, 2020
The American Institute revealed the Q1 and Q2 target release dates for the 2020 CPA Exam on Monday.
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Jan 06, 2020
The company is focusing its efforts on hiring marketing, sales and software development personnel in 2020.
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Jan 06, 2020
The clients and markets of the future will require firms and accountants to think more clearly about the investments and effort they want to put into developing new capabilities, according to consultant Gale Crosley.
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Jan 06, 2020
As tax authorities around the world crack down on corporate tax avoidance strategies, demand for transfer pricing advice is fueling growth in advisory services.
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Jan 06, 2020
Strong cybersecurity and employee training are crucial to preventing phishing attacks.
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