Accounting
No ‘Stealth Tax Hike’ in 2021, but Individual and Business Tax Increases Loom
As taxpayers and policymakers consider the prospects for federal tax policy in 2021, it is important to also consider how existing tax law may change in 2021 and over the next five years. While there are many tax changes built into the tax code over the coming years for individuals and businesses, the recent claim…
Read MoreNews media provides important oversight of Big Four firms, says study
The press helps keep firms honest, according to a new academic paper. Original Article Posted at : https://www.accountingtoday.com/news/news-media-provides-important-oversight-of-big-four-firms-says-study
Read MoreWhy Do States Tax Illegal Drugs?
Say you came into possession of some illegal drugs. What’s your next move? According to some states, you should immediately pay the state’s tax on…
Read MoreK2 recognizes AccountantsWorld, Zoho and others in annual quality awards
AccountantsWorld came away with top honors, winning the 2020 Prime Award. Also notable is Zoho’s win for its relatively young CPA program. Original Article Posted at : https://www.accountingtoday.com/news/k2-recognizes-accountantsworld-zoho-and-others-in-annual-quality-awards
Read MorePwC acquires EagleDream Technologies
PricewaterhouseCoopers’ U.S. firm has agreed to acquire the assets of EagleDream Technologies, a digital transformation company based in Fairport, New York, and a member of the Amazon Web Services Partner Network. Original Article Posted at : https://www.accountingtoday.com/news/pwc-acquires-eagledream-technologies
Read MoreGet ready for the next merger wave in accounting
Between the pandemic, aging CPA firm owners and staffing tensions, many in the accounting profession anticipate a huge uptick in firm mergers and acquisitions over the next 24 months. Original Article Posted at : https://www.accountingtoday.com/opinion/get-ready-for-the-next-merger-wave-in-accounting
Read More$7.2M in SBA coronavirus aid went to family’s fake farms
The single-family house on Forestview Avenue in Euclid, Ohio, a suburb of Cleveland, shows no signs of farming activity. The only things growing on the one-eighth-acre plot are trees, shrubs and grass. Original Article Posted at : https://www.accountingtoday.com/articles/7-2m-in-sba-coronavirus-aid-went-to-familys-fake-farms
Read MoreBillionaire Chris Rokos sues two firms for $72M over tax advice
Billionaire Chris Rokos, who runs the hedge fund that bears his name, sued Deloitte and a U.S. law firm after 39.4 million pounds ($52 million) in tax relief was thrown out by U.K. authorities. Original Article Posted at : https://www.accountingtoday.com/articles/billionaire-chris-rokos-sues-two-firms-for-72m-over-tax-advice
Read MoreBill.com intros product for HNW clients
The company’s offering is aimed at wealth management and accounting firms supporting high-net-worth clients. Original Article Posted at : https://www.accountingtoday.com/news/bill-com-intros-product-for-hnw-clients
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