Accounting
Tax Fraud Blotter: Diabolical dues
What a POS; bad bet; too sick to go to prison; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-diabolical-dues
Read MoreCalCPA announces partnership with Thomson Reuters
The partnership will introduce the Practice Forward Tax Advisory Platform to California professionals. Original Article Posted at : https://www.accountingtoday.com/news/calcpa-announces-partnership-with-thomson-reuters
Read MoreIncreasing the Tax Burden on Capital Investment and Automation Hurts Workers
Over the past half decade, there has been an ongoing debate about how automation and the use of robots in the workplace has impacted workers’ wages and employment. Recently, economists Andrea Manera and Daron Acemoglu of the Massachusetts Institute of Technology (MIT) and Pascual Restrepo of Boston University examined whether tax policy favors certain forms…
Read MoreNo, We Don’t Need a Federal Work-From-Home Tax
Multinational banks do clickbait too. That’s my analysis of one of the proposals from a recent Deutsche Bank publication titled What Must We Do to Rebuild?—a proposal sure to work up those who work from home. Because, among other short pieces with titles like “The delivery dilemma” and “The case for post-COVID rural investment,” there’s…
Read MoreDivided Congress may slow new tax legislation
Tax policy for the next two years, and therefore tax planning strategies, may be determined in Georgia early next year. Original Article Posted at : https://www.accountingtoday.com/news/divided-congress-may-slow-new-tax-legislation
Read MoreAndreas Barckow to succeed Hans Hoogervorst as next IASB chair
Andreas Barckow, an accounting professor and president of the Accounting Standards Committee of Germany, was appointed Thursday by the trustees of the International Financial Reporting Standards Foundation, as the next chair of the International Accounting Standards Board, succeeding longtime chairman Hans Hoogervorst, starting in July 2021. Original Article Posted at : https://www.accountingtoday.com/news/andreas-barckow-to-succeed-hans-hoogervorst-as-next-iasb-chair
Read MoreComparing Europe’s Tax Systems: Property Taxes
Today’s map shows how European OECD countries rank on property taxes, continuing our series on the component rankings of our 2020 International Tax Competitiveness Index (ITCI). Although an important element when measuring the neutrality and competitiveness of a country’s tax code, property taxes account on average for less than 5 percent of total tax revenue…
Read MorePCAOB adjusts plans for coronavirus
The Public Company Accounting Oversight Board has been making changes to its strategic plans and agenda in response to the pandemic as it sees auditors doing more work remotely. Original Article Posted at : https://www.accountingtoday.com/news/pcaob-adjusts-plans-for-coronavirus
Read MoreRanking Individual Income Taxes on the 2021 State Business Tax Climate Index
This week’s map examines states’ rankings on the individual income tax component of the 2021 State Business Tax Climate Index. The individual income tax is important to businesses because states tax sole proprietorships, partnerships, and in most cases limited liability companies (LLCs) and S corporations under the individual income tax code. However, even traditional C corporations are…
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