Accounting

The auction house was accused of helping a wealthy shipping company owner avoid paying income taxes on artwork he purchased. Original Article Posted at : https://www.accountingtoday.com/articles/sothebys-sued-by-new-york-for-helping-client-avoid-taxes

Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans. Original Article Posted at : https://www.accountingtoday.com/podcast/access-denied-underserved-or-ignored

Biden’s win brings some clarity, but the uncertain state of the Senate leaves questions. Original Article Posted at : https://www.accountingtoday.com/opinion/tax-strategy-post-election-tax-planning

President-elect Joe Biden has pledged to repeal President Donald Trump‘s tax cuts as soon as he is inaugurated, but the ongoing financial crisis and the prospect of a Republican-controlled Senate could waylay that proposal for the foreseeable future. Original Article Posted at : https://www.accountingtoday.com/articles/stimulus-and-mcconnell-will-likely-inhibit-bidens-tax-hike-plan

The International Public Sector Accounting Standards Board has deferred the effective dates of several of its upcoming standards and amendments to give government accountants around the world an extra year to implement them during the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/ipsasb-pushes-back-dates-of-public-sector-accounting-standards-due-to-coronavirus

Eighty percent of the business leaders surveyed by BDO in the Americas said the focus of tax legislation changes constantly as the result of the elected party and/or it is difficult to predict. Original Article Posted at : https://www.accountingtoday.com/news/tax-uncertainty-likely-to-continue-past-election

Most CPAs I know don’t think of themselves as being on their clients’ advisory board, but they are. Original Article Posted at : https://www.accountingtoday.com/opinion/forget-about-lifo-and-fifo-your-new-job-is-nifo