Accounting
Auditing in a pandemic: What will stick in 2021?
As firms begin preparing for the busy season, what have we learned about hiring, training and working in a pandemic, and how can we prepare for the new normal? Original Article Posted at : https://www.accountingtoday.com/opinion/auditing-in-a-pandemic-what-will-stick-in-2021
Read MoreTransfer pricing changes drive tax savings for coronavirus-impacted companies
Intercompany pricing corrections now can help generate cash by utilizing tax net operating losses. Original Article Posted at : https://www.accountingtoday.com/opinion/transfer-pricing-changes-drive-tax-savings-for-coronavirus-impacted-companies
Read MoreAccountants respond to the Expensify letter
When David Barrett sent a controversial pro-Biden letter to his company’s 10 million-strong email list, it caused an uproar in the accounting profession. Original Article Posted at : https://www.accountingtoday.com/list/accountants-respond-to-the-expensify-letter
Read MoreCalifornia and Colorado Voters Resist Temptation to Shift More of Property Tax Burden to Businesses
In Tuesday’s election, voters in two states—California and Colorado—were tasked with deciding whether to amend their states’ constitution to change how the property tax burden is distributed. In many ways, the ballot measures were mirror images of each other, but the outcomes were similar. California Proposition 15 sought to shift more of the property tax…
Read MoreElection Analysis: Why Voters Split the Difference on Income Tax Measures
Illinois voters rejected a high graduated rate income tax while Arizonans embraced a large income tax rate increase for high earners, among the many attention-grabbing results from Tuesday’s elections—most of which, admittedly, weren’t about taxes. Coloradans, meanwhile, ratified an income tax cut in a year that many expected voters to instead be weighing in on…
Read MoreADP reports private sector added 365K jobs in October amid election uncertainty
The coronavirus and uncertainty over the election are slowing down employment gains. Original Article Posted at : https://www.accountingtoday.com/news/adp-reports-private-sector-added-365k-jobs-in-october-amid-election-uncertainty
Read MoreElection Analysis: Recreational Marijuana Now Legal in Four More States
Tuesday, voters in four states, Arizona, Montana, New Jersey, and South Dakota, approved ballot measures legalizing recreational marijuana. The vote was only close in one state, South Dakota. That raises the total to 15 states plus the District of Columbia that have legalized recreational marijuana one way or another. Recreational marijuana has been a hot…
Read MoreCannabis: ‘A bit of a bright spot’ for accountants
The burgeoning industry is doing well in the pandemic, making it a hotter niche than ever. Original Article Posted at : https://www.accountingtoday.com/news/cannabis-a-bit-of-a-bright-spot-for-accountants
Read MoreRanking Corporate Income Taxes on the 2021 State Business Tax Climate Index
In the coming weeks, we will break down our recently released 2021 State Business Tax Climate Index with maps illustrating each of the five major components of the Index: corporate, individual, sales, property, and unemployment insurance taxes. Today we look at states’ rankings on the corporate tax component, which accounts for 20.8 percent of each state’s overall rank. The corporate tax…
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