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Jan 22, 2021
The Securities and Exchange Commission tapped deputy chief accountant Paul Munter to become acting chief accountant when chief accountant Sagar Teotia leaves in February.
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Jan 22, 2021
The Treasury Department said Friday it plans to launch an all-out effort to deliver Economic Impact Payments to people who haven't yet received the two rounds of stimulus payments that they should have received last year or this month.
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Jan 22, 2021
The U.S. Small Business Administration released a one-page form aimed at simplifying the process of applying for forgiveness of Paycheck Protection Program loans, along with newly revised and updated forms to meet the requirements of the latest stimulus legislation.
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Jan 22, 2021
Prager Metis names co-MP; Mauldin & Jenkins adds HR advisory services practice; and more CPA news.
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Jan 22, 2021
The Internal Revenue Service hasn't been properly vetting millions of dollars in deductions claimed for the qualified business income tax break that could be erroneous, according to an inspector general's report.
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Jan 22, 2021
Big Four firm EY's College MAP mentorship program also saw 400 high school students receive nearly $800,000 in scholarships for 2020.
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Jan 22, 2021
Some leading organizations are taking the SEC's cue and tightening up their filings to provide stakeholders with better clarity, focus and insight.
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Jan 22, 2021
Thanks to vagaries of the accounting world, Donald Trump's administration had a chance in the final weeks of the presidential race to cancel more than $200 billion of student loans with no immediate hit to the Department of Education's massive portfolio. Yet it didn't do it. Now, perhaps Joe Biden will.
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Jan 22, 2021
The Treasury Secretary-designate said she would work with lawmakers to fast-track a series of tax increases on corporations and wealthy Americans.
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Jan 22, 2021
Treasury Secretary-designate Janet Yellen said she would work with lawmakers to fast-track a series of tax increases on corporations and wealthy Americans as the Biden administration tries to pass spending on infrastructure and expanding the social safety net.
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Jan 21, 2021
Benchmarking has become a useful tool for organizations of all kinds to gauge their performance during the uncertain environment the COVID-19 pandemic has created.
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Jan 21, 2021
Drug money; ghosts of a chance; skin games; and other highlights of recent tax cases.
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Jan 21, 2021
President Biden has picked Allison Herren Lee, a member of the Securities and Exchange Commission, as the acting chair of the SEC, as nominee Gary Gensler waits in the wings as a more permanent chair once he is confirmed by the Senate.
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Jan 21, 2021
Financial executives feel that the requirements for documenting their organization's internal controls are getting to be too much and many of them are behind the curve when it comes to applying technology for internal control over financial reporting, according to a new report.
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Jan 21, 2021
Top 20 Firm Dixon Hughes Goodman announced that Wesley McLeod, partner for the firm's insurance practice, will head the new committee devoted to diversity in the insurance sector.
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Jan 21, 2021
Dixon Hughes Goodman's Wesley McLeod, a partner at the Top 20 Firm's insurance practice, will head the Insurance Accounting & Systems Association's new committee devoted to diversity in the insurance sector.
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Jan 21, 2021
The International Integrated Reporting Council has published its revised Integrated Reporting Framework, incorporating some major changes since the IR Framework was first published in 2013.
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Jan 21, 2021
From legal considerations to tax implications, these entrepreneurs face some unique challenges.
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Jan 21, 2021
Albert J. Pirro Jr., a former business partner of Donald Trump and the ex-husband of Fox News host Jeanine Pirro, was pardoned by the departing president on his last day in office at the end of a flurry of clemency.
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Jan 20, 2021
Prager Metis combines with Blair, Bohlé & Whitsitt; REDW joins with CPA Global Tax & Accounting; Somerset CPAs and Advisors adds Rowley & Company; and Fineman West merges in Katz & Associates.
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Jan 20, 2021
The Association of Chartered Certified Accountants found the majority of accountants internationally believe they are in an inclusive profession, but nearly two-thirds think the profession still has an issue to deal with when it comes to diversity.
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Jan 20, 2021
The Internal Revenue Service released information on how employees now have until the end of the year to repay any payroll taxes they deferred from last year.
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Jan 20, 2021
Given the turbulence of the past year, agility should be at the forefront of our minds when building a budget and strategy for 2021.
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Jan 20, 2021
President Joe Biden plans to extend a freeze on federal student-loan repayments until at least the end of September, keeping in place a pandemic measure that's reduced costs for tens of millions of borrowers.
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Jan 20, 2021
The Association for Accounting Marketing is seeking nominations for its Marketing Achievement Awards and Marketer of the Year award.
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Jan 20, 2021
The software vendor has updated its free website with interactive tools to help small business owners and the self-employed assess their eligibility for federal relief and related tax credits.
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Jan 20, 2021
Reliance on data automation will only increase as the decade marches on.
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Jan 20, 2021
Investigators probing President Donald Trump's finances have gotten hold of some of his tax records, allowing them to move ahead even without a Supreme Court order that would give them eight years of his returns.
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Jan 20, 2021
The Big Four accounting firm says it worked hard to preserve its workforce and continue providing competitive compensation and benefit packages.
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Jan 20, 2021
Wells Fargo and Bill.com partner on AP automation for SMBs, and nine other developments in technology from the past month.
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Jan 19, 2021
PricewaterhouseCoopers released an update Tuesday to its annual audit quality report for the firm, pointing to improvements on inspection results from the Public Company Accounting Oversight Board.
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Jan 19, 2021
CPA firms will be in a great position to help their small business clients with the latest round of the Paycheck Protection Program, according to Barry Melancon.
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Jan 19, 2021
CPA firms will be in a great position to help their small business clients with the latest round of the Paycheck Protection Program, according to Barry Melancon, president and CEO of the American Institute of CPAs.
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Jan 19, 2021
Mississippi State University's Richard C. Adkerson School of Accountancy will offer two virtual master's programs, in accounting and taxation, beginning in fall 2021.
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Jan 19, 2021
Ignoring conflict; SALT substitute; your own organizers, cheap; and other highlights from our favorite tax bloggers.
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Jan 19, 2021
Companies and their advisors will want to make sure they're up on what's reported on the form, how it's changing the 1099-MISC, and the state-reporting wrinkles that go along with it, says Janice Krueger of Greatland.
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Jan 19, 2021
As more accounting firm leaders get a better understanding of how to transform their practices, they begin to realize that in order to achieve greatness, they absolutely must have a diverse team.
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Jan 19, 2021
Sometimes having a fresh set of eyes — a beginner's mind — gives you a better perspective on tackling tough problems at your organization.
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Jan 19, 2021
President-elect Joe Biden's team of financial regulators is taking shape, with progressive favorites being chosen for the top jobs at the Securities and Exchange Commission and the Consumer Financial Protection Bureau — moves that mean Wall Street should prepare itself for a new era of tougher oversight and stricter rules.
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Jan 19, 2021
Deutsche Bank, TP ICAP and two German lawyers are the targets of M.M. Warburg & Co.'s latest legal attempt to recoup the big tax bill it was ordered to pay over controversial Cum-Ex trades.
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Jan 19, 2021
Here are five ways the latest round of the Paycheck Protection Program is different.
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Jan 19, 2021
Digital formats and a host of pandemic-related questions are transforming this traditional tool.
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Jan 18, 2021
Not too many firms conduct such meetings, whose purpose is to update all team members on how the firm is doing.
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Jan 15, 2021
Adoption accelerated, and competitive advantage faded, experts say.
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Jan 15, 2021
Now is the time for firms to be creative, thinking about new industry-specific applications and firm-specific pain points where AI could play a role.
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Jan 15, 2021
Many firm leaders are in denial and fall short of what's required, and that's the principal reason why so many firms can't get to the next level.
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Jan 15, 2021
The Institute of Internal Auditors is giving corporate America only a modestly better grade on governance in 2020 compared to 2019, and any improvement is probably due to the coronavirus pandemic.
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Jan 15, 2021
Big Four firm KPMG makes donations to mark MLK Day; Baker Newman Noyes donates laptops to Maine schools; and more charitable initiatives.
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Jan 15, 2021
The Internal Revenue Service plans to open filing season on Feb. 12, although it is making its Free File program available starting Friday.
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Jan 15, 2021
Topel Forman appoints new managing partner; Armanino promotes record number of partners; and more CPA news.
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Jan 15, 2021
Thirty minority students are the latest group to graduate from the state society's annual diversity and internship training program.
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Jan 15, 2021
A member of Deutsche Bank AG's supervisory board faced criticism from lawmakers and the bank itself for suggesting that Wirecard AG go after journalists that had written critical stories about the since-collapsed payments company.
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Jan 15, 2021
President-elect Joe Biden's $1.9 trillion COVID-19 relief plan is designed to both pump money into the economy and contain the coronavirus pandemic.
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Jan 15, 2021
President-elect Joe Biden's $1.9 trillion economic relief proposal serves as the opening salvo in a legislative battle that could be prolonged by the go-big price tag and the inclusion of initiatives opposed by many Republicans.
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Jan 15, 2021
The use of a .cpa domain allows practitioners to strengthen their brand identity in online communications and provides better security and resistance to Internet fraud, such as phishing and spoofing.
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Jan 14, 2021
The Internal Revenue Service's Criminal Investigation Division issued a warning Thursday about a new wave of COVID-19 scams tied to the latest round of stimulus payments, especially targeting taxpayers in the District of Columbia.
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Jan 14, 2021
Last month's COVID-19 relief bill has accountants recommending some deductions to clients, and wondering about the applicability of others.
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Jan 14, 2021
Sen. Ron Wyden, D-Oregon, who is chairing the Senate Finance Committee now that Democrats have won control of the Senate, described some of his policy priorities, including the tax area where his committee has oversight.
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Jan 14, 2021
Smells fishy; getting the boot; quit the day job; and other highlights of recent tax cases.
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Jan 14, 2021
The U.S. added Austria, Spain, and the U.K. to the string of countries it says are discriminating against American companies through their decisions to tax local revenue of internet giants such as Facebook Inc.
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Jan 14, 2021
The updated practice aids are designed to help firms implement the new requirements in SAS 134-140 and SSARS 25.
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Jan 14, 2021
Hindsight is 20/20 and 2021 is finally here.
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Jan 14, 2021
Hindsight is 20/20 and 2021 is finally here.
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Jan 14, 2021
The U.S. Small Business Administration plans to reopen the Paycheck Protection Program to small lenders on Friday and to all lenders next Tuesday.
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Jan 13, 2021
A majority of middle-market CFOs are predicting an economic recovery and revenue increases for their companies in 2021, according to a new survey by BDO USA.
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Jan 13, 2021
Institute of Management Accountants president and CEO Jeff Thomson is predicting six major developments in the finance and accounting profession this year.
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Jan 13, 2021
Institute of Management Accountants president and CEO Jeff Thomson is predicting six mega trends in the finance and accounting profession this year.
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Jan 13, 2021
Thirteen people joined IRSAC, including nine accountants and tax practitioners.
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Jan 13, 2021
Tax-refund delays and stimulus-payment hiccups could spill into the upcoming tax season as the Internal Revenue Service continues to face challenges related to the coronavirus pandemic and as Congress considers yet another round of direct payments.
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Jan 13, 2021
The New Jersey Society of CPAs has awarded $1,200 each to ten of its members to help offset tuition costs on the road to becoming a CPA.
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Jan 13, 2021
Sagar Teotia, chief accountant at the Securities and Exchange Commission, plans to leave the SEC at the end of February.
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Jan 13, 2021
Bento for Business updates spend management solution, and Net at Work is named Sage Partner of the Year.
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Jan 13, 2021
With the filing season upon us, a raft of brand new challenges await ahead of the April 15 deadline.
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Jan 13, 2021
With the tax filing season upon us, a raft of brand new challenges await ahead of the April 15 deadline.
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Jan 13, 2021
President-elect Joe Biden will seek a deal with Republicans on another round of COVID-19 relief, rather than attempting to ram a package through without their support, according to two people familiar with the matter.
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Jan 12, 2021
Gary Gensler, a former head of the U.S.'s main derivatives regulator, is President-elect Joe Biden's likely pick to lead the Securities and Exchange Commission, according to two people familiar with the matter.
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Jan 12, 2021
Gary Gensler, a former head of the U.S.'s main derivatives regulator, is President-elect Joe Biden's likely pick to lead the Securities and Exchange Commission, according to two people familiar with the matter.
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Jan 12, 2021
Pugliese will succeed the longtime leader of the Institute of Internal Auditors, Richard Chambers, at the end of March.
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Jan 12, 2021
Anthony Pugliese will succeed the longtime leader of the Institute of Internal Auditors, Richard Chambers, at the end of March.
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Jan 12, 2021
The Virginia Society of CPAs is offering local professionals a series of programs to counter mental stress and hardships from the ongoing pandemic and social climate.
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Jan 12, 2021
The new rule for defining an employee vs. an independent contractor is likely to be challenged in the incoming Biden administration.
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Jan 12, 2021
The latest on PPP; retirement drawdowns; goals of your practice; and other highlights from our favorite tax bloggers.
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Jan 12, 2021
The American Institute of CPAs released a set of technical questions and answers on performing a third-party assessment engagement, offering what it called "non-authoritative" guidance on third-party assessment programs, describing the steps practitioners should follow when conducting such engagements.
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Jan 12, 2021
The Top 100 Firm embraced togetherness for its staff members in the year ahead despite the ongoing limits of the coronavirus pandemic.
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Jan 12, 2021
The Public Company Accounting Oversight Board said Tuesday that board member J. Robert Brown will be leaving the PCAOB at the end of this month, the latest in a string of high-profile departures in recent years.
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Jan 12, 2021
Often the hardest part about developing a new habit is just getting started.
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Jan 12, 2021
The work-from-home phenomenon has triggered a fresh frustration for U.S. corporations: Americans are blowing the whistle on their employers like never before.
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Jan 12, 2021
Highly paid college sports coaches and hospital executives are among the nonprofit employees the Internal Revenue Service is targeting in the final version of a tax-law regulation.
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Jan 12, 2021
The Securities and Exchange Commission has been launching enforcement actions against various types of financial fraud schemes, with improper revenue recognition seen as the most common type of fraud, according to a new analysis.
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Jan 11, 2021
The Internal Revenue Service sent a set of recommendations to Congress for how it plans to carry out the far-reaching set of reforms.
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Jan 11, 2021
Tax advisory firms took a projected $3 billion hit on their revenues around the world last year because of the coronavirus pandemic, according to a new report.
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Jan 11, 2021
The U.S. Small Business Administration and the Treasury Department relaunched the Paycheck Protection Program on Monday to new borrowers, prioritizing loans from community lenders.
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Jan 11, 2021
These are books I learned a lot from and wholeheartedly recommend to my colleagues and all business managers and leaders.
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Jan 11, 2021
Avalara Managed Returns for Accountants automates sales tax preparation and filing, providing clients with a fully managed returns service.
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Jan 11, 2021
The changes of the past year around how and where staff can work are irreversible, and accounting firms need to adjust and find ways to make the most of the tremendous opportunities afforded by "boundaryless" work, say Jennifer Wilson and Renee Moelders of ConvergenceCoaching.
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Jan 11, 2021
The National Association of Enrolled Agents has named association executive Megan Killian to effectively lead the organization.
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Jan 11, 2021
The National Association of Enrolled Agents has named association executive Megan Killian as its new executive vice president and chief of staff to effectively lead the organization. She took office Monday.
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Jan 11, 2021
The U.K. arm of Deloitte got a record fine from Britain's accounting watchdog in September. With the full judgment against the firm laid bare last week, you can see why.
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Jan 11, 2021
President-elect Joe Biden's plan to pass a multitrillion-dollar economic stimulus package early in his administration faces challenges in a closely divided U.S. Senate, with a potential impeachment trial for Donald Trump that could add to delays.
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Jan 11, 2021
Artificial intelligence is being put to the test in service areas far beyond just audit.
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