NASBA honors three with service awards

The National Association of State Boards of Accountancy recognized Carlos Johnson, Raymond Johnson and Russ Friedewald during NASBA’s 113th Annual Meeting for their contributions in advancing the profession forward. Original Article Posted at : https://www.accountingtoday.com/news/nasba-honors-three-with-service-awards

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The tax pros and cons of S corp status for small businesses

A client of mine recently asked me what I thought was the best organizational structure for a small business, especially related to the tax issues. Original Article Posted at : https://www.accountingtoday.com/opinion/the-advantages-of-s-corp-status-for-small-businesses

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Finance, tech billionaires boost wealth after election wins

Tech billionaires in Silicon Valley saw a hotly contested ballot question on the employment status of gig workers pass in their favor, while an Illinois measure to swap the state’s flat income tax with a graduated system went down in defeat after Citadel’s Ken Griffin spent millions to oppose it. Original Article Posted at :…

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Comparing Europe’s Tax Systems: Consumption Taxes

Today we examine how European countries rank on consumption taxes, continuing our map series on our recently published 2020 International Tax Competitiveness Index (ITCI). The ITCI measures and compares the competitiveness and neutrality of all 36 OECD countries’ tax systems, looking at corporate income taxes, individual taxes, consumption taxes, property taxes, and the international tax…

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FASB deals with uncertainties from pandemic and election

Having started his transition at the beginning of the pandemic, Board Chair Richard Jones now faces the uncertainty of the presidential election and what Congress might do with accounting standards. Original Article Posted at : https://www.accountingtoday.com/news/fasb-deals-with-uncertainties-from-pandemic-and-election

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IRS warns of new EIP text scam

The latest scheme claims to need a taxpayer’s bank account information to direct deposit a stimulus payment. Original Article Posted at : https://www.accountingtoday.com/news/irs-warns-of-new-eip-text-scam

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