Accounting
Tax Fraud Blotter: Hard to trust
A Panama sentencing; ‘subcontractor’ mess; fun with funds; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-hard-to-trust
Read MoreTax Strategy: To defer or not to defer payroll taxes
President Trump issued a presidential memorandum on Aug. 8, 2020, directing the Secretary of the Treasury to permit employers to defer the employee portion of Social Security taxes between Sept. 1 and Dec. 31, 2020. On Aug. 28, 2020, the Treasury issued Notice 2020-65, providing a few details about how the deferral should work. The…
Read MoreAFWA to host virtual 2020 Women Who Count Conference
The annual Accounting and Financial Women’s Alliance event will be held online from Oct. 28-30, 2020. Original Article Posted at : https://www.accountingtoday.com/news/afwa-to-host-virtual-2020-women-who-count-conference
Read MoreCOVID-19 is driving a borderless accounting profession
If the pandemic has a silver lining, it’s that the global accounting world is becoming smaller and borderless. Original Article Posted at : https://www.accountingtoday.com/opinion/covid-19-is-driving-a-borderless-accounting-profession
Read MoreLeaving N.J. for Chicago gives no easy tax fix to Nasdaq, NYSE
As Nasdaq Inc. and the New York Stock Exchange consider abandoning their New Jersey data centers over a proposed financial transaction tax, they may not find their backup sites in Chicago guaranteed to be levy-free havens. Original Article Posted at : https://www.accountingtoday.com/articles/leaving-n-j-for-chicago-gives-no-easy-tax-fix-to-nasdaq-nyse
Read MoreCBO Forecasts The National Debt Will Be Twice The Size Of The Economy. Watch Out For Higher Taxes
It is hard to overestimate what a dismal fiscal future the Congressional Budget Office foresees. In its new long-term budget estimate , CBO projects that…
Read MoreRecent Changes in Top Personal Income Tax Rates in Europe
In 2018, revenue from personal income taxes made up 23.9 percent of total tax revenue across OECD countries. Countries tax labor income in various ways through payroll taxes, personal income taxes, and, in some cases, surtaxes. From 2017 to 2020, ten European countries in the OECD changed their top personal income tax rates. Of these ten countries, six cut their…
Read MoreSplit Roll Initiative in California Threatens Property Tax Limitations on Commercial Real Estate
Key Findings: California has one of the nation’s least business-friendly tax environments, ranking 48th on the Tax Foundation’s State Business Tax Climate Index, which measures tax structure. However, the state’s property tax code is a relative bright spot, with the state ranking 14th on that component of the Index. If approved by California voters on…
Read MoreIIA begins search for next CEO
The Institute of Internal Auditors has begun its formal search for a successor to longtime president and CEO Richard Chambers. Original Article Posted at : https://www.accountingtoday.com/news/iia-begins-search-for-next-ceo
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