Accounting
At the expense of its partners’ neutrality, Expensify boosts Biden
Blake Oliver asks whether the company CEO should have hit ‘Send’ on a controversial email. Original Article Posted at : https://www.accountingtoday.com/opinion/at-the-expense-of-its-partners-neutrality-expensify-boosts-biden
Read MoreMajor investments from auditors smoothed CAMs launch
Investor awareness of critical audit matters is ‘still developing,’ though, according to the PCAOB’s interim analysis. Original Article Posted at : https://www.accountingtoday.com/news/major-investments-from-auditors-smoothed-cams-launch
Read MoreA Preliminary Look at 2019 Tax Data for Individuals
The IRS has released tax data covering the first 30 weeks of the tax season, providing a glimpse of how individual taxpayers fared in 2019, the second tax year under the Tax Cuts and Jobs Act (TCJA). The preliminary data provides aggregate information by income group on a range of topics, including sources of income…
Read MoreThe Unintended Consequences of Higher Corporate Taxes on Income Inequality
Taxes paid by corporations and income inequality are both topics of national attention, particularly during the ongoing 2020 presidential campaign. Increasing the corporate tax rate is often offered as a solution to income inequality because higher-income individuals tend to own more corporate shares than others and may bear the burden of a tax increase on…
Read MoreFASB proposes to clarify scope of reference rate reform guidance
The update addresses the Reference Rate Reform ASU issued by the Financial Accounting Standards Board in March. Original Article Posted at : https://www.accountingtoday.com/news/fasb-proposes-to-clarify-scope-of-reference-rate-reform-guidance
Read MoreAICPA awards COVID-19 ‘Student Hardship’ grants
The American Institute of CPAs awarded education grants to 25 accounting students who have been monetarily impacted by the ongoing pandemic. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-awards-covid-19-student-hardship-grants
Read MoreFASB issues guidance on debt restructurings and modifications
The Financial Accounting Standards Board has released a staff educational paper offering an overview of the accounting guidance for debt restructurings and modifications. Original Article Posted at : https://www.accountingtoday.com/news/fasb-issues-guidance-on-debt-restructurings-and-modifications
Read MoreBiden’s Proposed Tax Hikes Would Do Little to Slow The Economy
Former Vice President’s tax proposals would have only modest effects on the economy, according to a new report by the Tax Policy Center (TPC). His…
Read MoreFinding a better model for a financial planning program
It’s time to re-evaluate the structure of your accounting firm’s wealth management practice. Original Article Posted at : https://www.accountingtoday.com/opinion/finding-a-better-model-for-a-financial-planning-program
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