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Accounting Today
Sep 30, 2020

5 reasons to automate client data acquisition
Accounting firms gain much more by automating information collection than you might think.

Accounting Today
Sep 30, 2020

Armanino is attesting to ‘immutable security'
The Top 100 Firm is exploring the bounds of trust with its blockchain services.

Accounting Today
Sep 29, 2020

QuickBooks Online and Amazon Business now integrate
Small businesses using both platforms can now automate purchase reconciliation and categorization when making purchases on Amazon Business.

Accounting Today
Sep 29, 2020

In the blogs: Getting serious
More bucks for the IRS; deductible haircuts; virtues of virtual learning; and other highlights from our favorite tax bloggers.

Accounting Today
Sep 29, 2020

Small businesses hired slightly more in September, says Paychex
Small business employment and hours worked grew a bit in September, especially in the Northeast and within the construction industry, according to the latest monthly report from payroll giant Paychex.

Accounting Today
Sep 29, 2020

Regs on retirement-payment withholding updated
Regs on retirement-payment withholding updated

Accounting Today
Sep 29, 2020

Illinois CPA Society launches pipeline research project
The state society is seeking input from students and professionals under the age of 35 on why they will or won't pursue CPA licensure.

Accounting Today
Sep 29, 2020

EisnerAmper releases return-to-office, social distancing app
The Top 100 Firm has released a free new app designed to help employees returning to work stay safe via social distancing.

Accounting Today
Sep 29, 2020

Art of Accounting: 80s on 8 on Sirius
I have always felt that if I do not excite clients, I have less of a hold on them and the relationship than I should.

Accounting Today
Sep 29, 2020

CAS you like it
Client accounting services give firms the flexibility to move forward in their own way.

Accounting Today
Sep 29, 2020

Trump tax moves stir questions about potential legal exposure
Deductions for haircuts, consulting fee write-offs, a family estate that is treated as a business property and an aggressive refund claim could open President Donald Trump to legal risks once he's out of office.

Accounting Today
Sep 29, 2020

Paving the ramp for a smooth exit
You have five years to get your business-owner clients ready to leave.

Accounting Today
Sep 29, 2020

Trump paying $750 in income tax shows why he's a billionaire
A New York Times story based on Donald Trump's long-sought-after tax data shows he avoided paying income taxes for most of the past two decades and paid only $750 the year he was elected president.

Accounting Today
Sep 29, 2020

CAQ: Auditors can boost value of non-GAAP measures, KPIs
A new report from the Center for Audit Quality highlights a growing opportunity for audit firms.

Accounting Today
Sep 29, 2020

Trump's $73M tax refund stuck with little-known panel
The details published about Donald Trump's tax returns were a revelation to the public but not to a small group of attorneys who work for a little-known congressional panel.

Accounting Today
Sep 28, 2020

Tax pros advise biz clients on going virtual
Practitioners share strategies and warnings for companies weathering the coronavirus pandemic.

Accounting Today
Sep 28, 2020

Local sales tax rates trending up
Coronavirus costs and revenue shortfalls may mean increases at all levels.

Accounting Today
Sep 28, 2020

Grant Thornton reports $1.92B revenue for FY2020
The revenue, for fiscal year ended July 31, 2020, representing a 1 percent year-over-year increase.

Accounting Today
Sep 28, 2020

SEC charges two companies and former execs with disclosure violations
The commission filed settled actions against two public companies and two former executives for improper reporting of quarterly EPS.

Accounting Today
Sep 28, 2020

Trump paid minimal income taxes in 2016, 2017: NY Times
The president deemed the report "fake news," and said he had paid "a lot."

Accounting Today
Sep 28, 2020

5 questions to ask about CAS
Client accounting services could take your firm to the next level.

Accounting Today
Sep 28, 2020

Time for a new firm vision
The massive changes brought about by the coronavirus pandemic make this a great time for accounting firms to revisit their core mission statement, according to Carrie Steffen of The Whetstone Group.

Accounting Today
Sep 28, 2020

5 marketing priorities to keep your firm relevant
Accounting firms should apply these valuable tools to thrive through the pandemic.

Accounting Today
Sep 28, 2020

Building a PPP practice
An inside look at how three firms handle their Paycheck Protection Program services.

Accounting Today
Sep 27, 2020

Accountants favor Trump in election by large margin
Regardless of their voting intentions, they overwhelmingly expect things to improve after November 3.

Accounting Today
Sep 25, 2020

Latest Trump bid to shield taxes meets skeptical judges
Lawyers for Donald Trump were met with skepticism from federal appeals court judges as they made their latest attempt to block New York prosecutors from getting their hands on his tax filings and other financial documents through a grand jury subpoena.

Accounting Today
Sep 25, 2020

Tax relief granted for Hurricane Sally victims
Those impacted in a number of Alabama counties now have longer to file and make tax payments.

Accounting Today
Sep 25, 2020

IRS offers reprieve on tax returns filed late due to CCH outage
The Internal Revenue Service is giving taxpayers and practitioners some extra time if they tried to file their returns on Sept. 15 through CCH Axcess, but were unable to do so because of a system outage.

Accounting Today
Sep 25, 2020

IRS offers reprieve on tax returns filed late due to CCH software outage
The Internal Revenue Service is giving taxpayers and practitioners some extra time if they tried to file their returns on Sept. 15 through CCH Axcess, but were unable to do so because of a system outage.

Accounting Today
Sep 25, 2020

Bots are game changers for accounting firms
Despite the many, many downsides of COVID-19, one of the biggest silver linings has been that it forced CPAs and accountants into being true advisors to their clients.

Accounting Today
Sep 25, 2020

Apple's $15B tax victory faces EU appeal at top court
Apple Inc.'s victory over a record back-tax order faces a challenge at the European Union's top court as Competition Commissioner Margrethe Vestager seeks to rescue her crackdown on allegedly unfair fiscal deals doled out to multinational companies.

Accounting Today
Sep 25, 2020

Avalara debuts compliance product suite for alcoholic beverage industry
The new product comes after Avalara bought Compli, which provides compliance services, technology, and software to producers, distributors, and importers of alcoholic beverages in the United States, last year.

Accounting Today
Sep 25, 2020

People & firms on the move: EY names two office MPs
VSCPA forms Diversity, Equity & Inclusion Advisory Council; Mauldin & Jenkins launched new tax prep service; and more CPA news.

Accounting Today
Sep 25, 2020

Tech News: OnPay debuts customizable reports, and more
Wagepoint receives $10 million investment; Inflo debuts Workpapers for digital audits; and SIX releases data service for assessing tax-related costs.

Accounting Today
Sep 25, 2020

Pandemic forces oil and gas accounting and finance teams to overhaul outdated financial systems
The shutdown in March forced O&G firms to confront the inefficiencies of their financial processes.

Accounting Today
Sep 25, 2020

U.K.'s richest person Jim Ratcliffe surfaces as Monaco resident after PwC resigns as auditor
Ratcliffe and other senior Ineos executives caused tension with the company's auditor, PwC.

Accounting Today
Sep 24, 2020

ACCA rolls out global mentoring program for members and affiliates
The Association of Chartered Certified Accountants is members and affiliates with each other after a successful pilot test in six markets.

Accounting Today
Sep 24, 2020

Wolters Kluwer, Thomson Reuters predict IRS inflation adjustments
Wolters Kluwer Tax & Accounting and Thomson Reuters Checkpoint have released their predictions for the expected annual inflation adjustments from the Internal Revenue Service for various tax-related items.

Accounting Today
Sep 24, 2020

CPA business execs plan to retain office space, but still allow remote work
Most companies don't expect to reduce their office space in the coming year.

Accounting Today
Sep 24, 2020

Whitley Penn to merge in Johnson, Miller & Co.
The Top 50 Firm is expanding in Texas and New Mexico with its latest deal.

Accounting Today
Sep 24, 2020

IAASB approves new quality management standards for auditors
KPMG is already starting to use the new standards to improve audit quality globally.

Accounting Today
Sep 24, 2020

Tax Fraud Blotter: Hard to trust
A Panama sentencing; ‘subcontractor' mess; fun with funds; and other highlights of recent tax cases.

Accounting Today
Sep 24, 2020

Tax Strategy: To defer or not to defer payroll taxes
President Trump issued a presidential memorandum on Aug. 8, 2020, directing the Secretary of the Treasury to permit employers to defer the employee portion of Social Security taxes between Sept. 1 and Dec. 31, 2020. On Aug. 28, 2020, the Treasury issued Notice 2020-65, providing a few details about how the deferral should work. The White House has announced that the deferral will be put into effect for all federal employees. Many private employers remain concerned about aspects of the deferral that may lead them to decide against implementation. While the deferral period has already begun, employers could still decide to start deferral later in the period.

Accounting Today
Sep 24, 2020

AFWA to host virtual 2020 Women Who Count Conference
The annual Accounting and Financial Women's Alliance event will be held online from Oct. 28-30, 2020.

Accounting Today
Sep 24, 2020

COVID-19 is driving a borderless accounting profession
If the pandemic has a silver lining, it's that the global accounting world is becoming smaller and borderless.

Accounting Today
Sep 24, 2020

Leaving N.J. for Chicago gives no easy tax fix to Nasdaq, NYSE
As Nasdaq Inc. and the New York Stock Exchange consider abandoning their New Jersey data centers over a proposed financial transaction tax, they may not find their backup sites in Chicago guaranteed to be levy-free havens.

Accounting Today
Sep 23, 2020

IIA begins search for next CEO
The Institute of Internal Auditors has begun its formal search for a successor to longtime president and CEO Richard Chambers.

Accounting Today
Sep 23, 2020

CEOs notch win as SEC adds hurdles for shareholder campaigns
Regulators are making it harder for small-time shareholders to put forth proposals aimed at cracking down on excessive pay, climate change and other corporate governance concerns.

Accounting Today
Sep 23, 2020

PKF O'Connor Davies merges in Albrecht, Viggiano, Zureck & Co.
PKF O'Connor Davies, a Top 100 Firm based in New York, has added Albrecht, Viggiano, Zureck & Company, P.C., a CPA firm in Hauppauge, New York, expanding its presence on Long Island.

Accounting Today
Sep 23, 2020

Big Four firms release ESG reporting metrics with World Economic Forum
The Big Four accounting firms have developed a set of metrics for companies to use for environmental, social and governance reporting internationally.

Accounting Today
Sep 23, 2020

Lessons from tax season: Home run or rain delay?
We started 2020 with hopes of a solid season after a rebuilding year following the Tax Cuts and Jobs Act. Instead, this season threw us more curveballs, changeups, game delays, and empty seats than any season in history.

Accounting Today
Sep 23, 2020

Managing audit fee pressure during COVID-19
There are two key areas that CPA firms should closely watch to manage audit fees in 2020.

Accounting Today
Sep 23, 2020

The time is now: Automating the back office through the cloud
COVID-19 has changed the game. Leaders will need to reshape their companies for the new normal, making the promise of agility and market responsiveness an actual reality.

Accounting Today
Sep 23, 2020

Intuit debuts omnichannel sales platform QuickBooks Commerce
QuickBooks Commerce is designed to allow small businesses to access multiple sales channels, integrate existing ones, manage orders and fulfillment, sync inventory across online and more.

Accounting Today
Sep 23, 2020

Hedge funds head for Florida with taxes on rich rising elsewhere
Hedge funds are planning to expand their presence in Florida, adding to a migratory trend as wealthy residents of northern states face the threat of higher taxes.

Accounting Today
Sep 22, 2020

In the blogs: Big surprises
Taxes, relief and partisanship; more than a nickel; a new pair; and other highlights from our favorite tax bloggers.

Accounting Today
Sep 22, 2020

IRS says lenders don't need to report PPP loan forgiveness
The Internal Revenue Service said Tuesday that lenders who make Paycheck Protection Program loans that are later forgiven under the CARES Act should not file information returns or furnish payee statements to report the forgiveness.

Accounting Today
Sep 22, 2020

39 states lack the money to pay bills for COVID-19
At least 39 states did not have enough money to pay all of their bills at the end of 2019, leaving them ill-prepared to shoulder the costs of the novel coronavirus pandemic, according to a new report.

Accounting Today
Sep 22, 2020

VSCPA forms diversity council
The Virginia Society of CPAs' new committee will advise its board of directors on diversity-focused programs and engage with local leaders to help grow the accounting student pipeline.

Accounting Today
Sep 22, 2020

VSCPA forms Diversity, Equity and Inclusion Advisory Council
The Virginia Society of CPAs' new committee will advise its board of directors on diversity-focused programs and engage with local leaders to help grow the accounting student pipeline.

Accounting Today
Sep 22, 2020

Colorado model ordinance aims to simplify online sales tax
The hope is that local jurisdictions will sign on so businesses don't have to reach out to each individually.

Accounting Today
Sep 22, 2020

AICPA, CPA.com and Biz2Credit debut PPP loan forgiveness platform
The cloud-based solution provides dashboard visualization and other tools for managing clients' loan forgiveness applications.

Accounting Today
Sep 22, 2020

Financial reporting isn't getting any easier under COVID-19
Now that U.S. companies have experienced two fiscal quarters in the midst of the novel coronavirus pandemic, quarterly reporting for Q3 doesn't seem to be getting any simpler, according to a new report from Deloitte.

Accounting Today
Sep 22, 2020

Share your accounting expertise by becoming an adjunct accounting professor
Teaching is viewed as a chance to improve the profession as well as an opportunity to pass on valuable experiences to those who are just getting started.

Accounting Today
Sep 22, 2020

Wirecard woes mount for Ernst & Young as clients cut auditor
KfW, Germany's third-largest bank by assets, may drop Ernst & Young as auditor as EY continues to be plagued by its role in the country's Wirecard accounting scandal.

Accounting Today
Sep 22, 2020

Trump tax claims in media could justify subpoena, D.A. says
The Manhattan district attorney said press reports suggesting potential misdeeds by President Donald Trump and his company could justify a grand jury subpoena of the president's taxes and other financial records.

Accounting Today
Sep 21, 2020

German regulator looks to open probe into Grenke's accounting
Germany's financial regulator is considering opening a probe into Grenke AG's accounting practices, wading deeper into the controversy after criticism of its failure to unearth fraud at Wirecard AG.

Accounting Today
Sep 21, 2020

Loan fraud, data shortfalls hinder U.S. virus aid, GAO finds
But the federal government has been able to correct some of its earlier missteps, like sending millions of stimulus checks to the deceased, according to the Government Accountability Office.

Accounting Today
Sep 21, 2020

IRS finalizes regulations for estates and non-grantor trusts
The Internal Revenue Service released final regulations Monday to offer guidance on deductions for estates and non-grantor trusts, clarifying that certain deductions aren't to be considered miscellaneous itemized deductions.

Accounting Today
Sep 21, 2020

IRS finalizes 100% bonus depreciation rules
The Internal Revenue Service and the Treasury Department issued the last set of final regulations to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act.

Accounting Today
Sep 21, 2020

Companies making more disclosures about audit committees this year
COVID-19 doesn't seem to be having an impact on such disclosures, according to a report from Ernst & Young.

Accounting Today
Sep 21, 2020

New Jersey, California dodge worst of tax crisis in ‘weird recession'
State tax revenues in some parts of the U.S. are rebounding as the economy emerges from the coronavirus lockdown, a positive sign for governors and mayors who had been bracing for the biggest fiscal crisis in decades.

Accounting Today
Sep 21, 2020

Art of Accounting: Checklist for establishing a fixed price
Prepare an engagement proposal that lists exactly what you will be doing and the total price for the project.

Accounting Today
Sep 21, 2020

COVID's $211B payroll-tax lifeline shifts burden to 2021
Companies that took advantage of federal pandemic-relief efforts like payroll tax deferrals will face bigger bills next year, possibly complicating an already-challenging climb out of the COVID crisis.

Accounting Today
Sep 21, 2020

FASB proposes to simplify revenue recognition for franchisors
The Financial Accounting Standards Board is offering a practical expedient to the current revenue recognition rules for franchise businesses.

Accounting Today
Sep 21, 2020

An internet domain for CPAs
As the AICPA rolls out .cpa, a new internet domain for CPAs, CPA.com president and CEO Erik Asgeirsson explains the value, and the application process.

Accounting Today
Sep 21, 2020

Why the continuous close can't wait
The coronavirus pandemic has made it clear that real-time systems are possible, and critical to decision-making.

Accounting Today
Sep 18, 2020

Tax relief granted for Oregon fire victims
New legislation aims to offer even more help.

Accounting Today
Sep 18, 2020

SASB expands into standards for internet content moderation and human capital
The Sustainability Accounting Standards Board is moving beyond environmental issues and more into the areas of social and governance reporting.

Accounting Today
Sep 18, 2020

Accounting Today calls for nominations for 2020 Top 100 People
The annual list recognizes thought leaders, decision-makers, standard-setters and others who are shaping the future of the profession.

Accounting Today
Sep 18, 2020

People & firms on the move: KPMG International names global head of advisory
Prager Metis launches Latin entertainment group; KPM CPAs hires six; and more CPA news.

Accounting Today
Sep 18, 2020

Mauldin & Jenkins adds Plush Smith
The Top 100 Firm based in Atlanta has acquired Plush Smith P.A., a firm in Sarasota, Florida.

Accounting Today
Sep 18, 2020

Acumatica software update responds to new challenges faced by businesses
The update includes a new point-of-sale tool, advanced expense management, and a new, deep integration with Shopify.

Accounting Today
Sep 18, 2020

Acumatica update focuses on COVID-19 challenges
The update includes a new point-of-sale tool, advanced expense management, and a new, deep integration with Shopify.

Accounting Today
Sep 18, 2020

Cash-starved cities test new approach to taxing streaming services: franchise fees
As state and local tax forecasts continue to paint a very ugly budget picture, there is little reason to doubt that officials are casting about in search of new sources of revenue.

Accounting Today
Sep 18, 2020

An audit cycle unlike any other
With the incremental complexities and associated risks this year, companies and auditors cannot afford to fall behind.

Accounting Today
Sep 18, 2020

Investors call for climate disclosures in company accounts
Money managers and pension funds want companies to publish their 2020 annual reports in line with guidance from the International Accounting Standards Board that calls for incorporating climate-related risks in financial statements.

Accounting Today
Sep 17, 2020

Tax Fraud Blotter: Foul ball
Difficult and complex; $4,000 tax on $2 million; little horse sense; and other highlights of recent tax cases.

Accounting Today
Sep 17, 2020

N.J. governor, lawmakers agree to raise tax on millionaires
New Jersey Governor Phil Murphy and Democratic legislative leaders have agreed on a budget deal that will raise taxes on millionaires to fund rebates for about 800,000 middle-class households.

Accounting Today
Sep 17, 2020

Democrats introduce wildfire disaster tax relief bill
Democrats introduce wildfire disaster tax relief bill

Accounting Today
Sep 17, 2020

FASB updates nonprofit accounting standards for gifts in kind
The Financial Accounting Standards Board released an accounting standards update Thursday to enhance the transparency of how nonprofits report contributed nonfinancial assets, also known as gifts in kind.

Accounting Today
Sep 17, 2020

New bill would give tax breaks for training employees not to spread coronavirus
Rep. Pete Olson, a Republican from Texas, has introduced a bill that would offer tax incentives to employers who train workers about best practices for reducing the spread of COVID-19 in the workplace.

Accounting Today
Sep 17, 2020

Deloitte fined £15M in U.K. for Autonomy audits
The U.K.'s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.

Accounting Today
Sep 17, 2020

CalCPA announces partnership with MindBridge
The state society will have the Canadian company educate its members on AI and data analytics, as well as MindBridge's software solutions.

Accounting Today
Sep 17, 2020

Your job is changing — and that's a good thing
You didn't like that old job much anyway.

Accounting Today
Sep 17, 2020

Wall Street workers may want bonuses ahead of possible Biden win for tax reasons
Wall Street firms may start facing pressure to pay out bonuses earlier than usual as their employees worry about the prospect of higher taxes under a Biden administration and Democrat-controlled Senate.

Accounting Today
Sep 17, 2020

Advisory services in the pandemic: A mutually beneficial right thing to do
Delivering advisory services to help small businesses through the pandemic is a win for everyone.

Accounting Today
Sep 16, 2020

IRS set to begin rolling out new case management system
The Internal Revenue Service is starting with the customer support area of its Exempt Organizations unit.

Accounting Today
Sep 16, 2020

IMA makes new push to spotlight CMA value during tough economic times
The Institute of Management Accountants has launched a new promotional campaign to highlight the role of Certified Management Accountants in real-world situations, taking a more serious tone in the midst of the pandemic than its humorous ad campaigns.

Accounting Today
Sep 16, 2020

CCH Axcess e-filing goes down on tax deadline
Tax preparers started noticing e-filing was not functional on Tuesday, September 15, some accountants receiving a message saying the system was experiencing "temporary filing errors."

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