Accounting
Avalara acquires Transaction Tax Resources for $377M
The tax content provider adds a high-powered customer list to Avalara. Original Article Posted at : https://www.accountingtoday.com/news/avalara-acquires-transaction-tax-resources-for-377m
Read MoreIESBA revises code of ethics for accountants’ societal role and mindset
The board’s revisions emphasize the trust that the public places in accounting professionals. Original Article Posted at : https://www.accountingtoday.com/news/iesba-revises-code-of-ethics-for-accountants-societal-role-and-mindset
Read MoreFASB delays insurance standard, focuses on post-implementation reviews
The Financial Accounting Standards Board has voted to defer the effective date of its long-duration insurance contract standard for one year in response to the coronavirus pandemic, as the board takes over the process of conducting post-implementation reviews of some of its recent accounting standards such as revenue recognition, leases and credit losses. Original Article…
Read MoreAICPA announces 2020 Effective Learning Strategies Awards recipients
Eight educators across the country were recognized for their innovative tools and strategies in accounting education. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-announces-2020-effective-learning-strategies-awards-recipients
Read MoreBoard members seeing challenges from coronavirus in financial reporting and governance
Corporate boards of directors are dealing with new problems in financial reporting and accounting, along with governance, amid the novel coronavirus pandemic, according to a recent survey by BDO USA. Original Article Posted at : https://www.accountingtoday.com/news/board-members-seeing-challenges-from-coronavirus-on-financial-reporting-and-governance
Read MoreNexus worries for out-of-state workers amid coronavirus
Emilie Burnette, practice lead for state tax analysis and content at Bloomberg Tax & Accounting, talks about what states are doing about taxing companies whose employees are working across state borders during the COVID-19 pandemic, and what they are doing about sales taxes. Original Article Posted at : https://www.accountingtoday.com/podcast/state-tax-nexus-considerations-for-out-of-state-workers-amid-coronavirus
Read MoreState and Local Tax Ballot Measures to Watch on Election Day 2020
Explore Tax Ballot Measures by State Featured Ballot Measures Arizona Proposition 207 Arizona Proposition 207 would legalize recreational marijuana and tax retail sales at 16 percent of retail price. Arizona forecasts roughly $166 million in excise tax revenue when the market has matured, and this revenue would be allocated to community colleges, police departments, fire departments,…
Read MoreColorado Proposition 116: Will Voters Reduce the State Income Tax Rate?
This Election Day, Colorado voters will weigh in on Proposition 116, the Decrease Income Tax Rate from 4.63% to 4.55% Initiative. It would permanently reduce the state’s flat income tax rate from 4.63 to 4.55 percent and be retroactive to January 1, 2020, meaning taxpayers would benefit from the relief starting this year. It is…
Read MoreArt of Accounting: Advising clients on selling or buying a business
About three years ago I was helping a client sell his business in what was a pretty typical negotiation for me. However, the client exhibited apprehension almost every step of the way. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-advising-clients-on-selling-or-buying-a-business
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