Accounting Archives - Page 118 of 362

Wirecard ex-CEO Braun leaves lawmakers hanging in hearing

Wirecard AG’s former chief executive officer appeared in public for the first time since his July detention in connection with the collapse of the electronic payment company, but lawmakers hoping for insights from the disgraced manager were left disappointed. Original Article Posted at : https://www.accountingtoday.com/articles/wirecard-ex-ceo-braun-leaves-lawmakers-hanging-in-hearing

Congress blasts IRS for limits on forgiven PPP loan tax breaks

The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven. Original Article Posted at : https://www.accountingtoday.com/articles/congress-blasts-irs-for-limits-on-forgiven-ppp-loan-tax-breaks

Tax Fraud Blotter: Fast, fuel, FEMA and fraud

Drug money; Phoenix descending; stepping down; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-fast-fuel-fema-and-fraud

IRS makes final push before stimulus payment deadline

The Internal Revenue Service reminded taxpayers Thursday that they only have until Nov. 21 at 3 p.m. Eastern Time to register for an Economic Impact Payment of $1,200 or more. Original Article Posted at : https://www.accountingtoday.com/news/irs-makes-final-push-before-stimulus-payment-deadline

Intuit introduces HubSpot for QuickBooks

The offering brings CRM directly into the QuickBooks Online environment. Original Article Posted at : https://www.accountingtoday.com/news/intuit-introduces-hubspot-for-quickbooks

SEC relaxes MD&A disclosure requirements

The Securities and Exchange Commission voted to amend the disclosure requirements in the Management’s Discussion and Analysis portion of financial reports. Original Article Posted at : https://www.accountingtoday.com/news/sec-relaxes-md-a-disclosure-requirements

Reviewing Effective Tax Rates Faced by Corporate Income

Among President-elect Joe Biden’s proposals is increasing taxes on corporate income, both at the entity level and at the shareholder level. If enacted, Biden’s plan would reduce after-tax income for corporations and shareholders across the income distribution, reduce economic growth by over 1.5 percent, and eliminate more than half-a-million jobs. Increasing taxes on corporate income…

PCAOB aligns auditor independence rules with SEC

PCAOB aligns auditor independence rules with SEC Original Article Posted at : https://www.accountingtoday.com/news/pcaob-aligns-auditor-independence-rules-with-sec

M&A roundup: Baker Tilly, ABIP and Benning expand

Baker Tilly is acquiring Brown Adams Agbayani; ABIP CPAs & Advisors is combining with Parr & Associates; and Benning Group is merging in Boeke & Associates. Original Article Posted at : https://www.accountingtoday.com/list/m-a-roundup-baker-tilly-abip-and-benning-expand