Accounting Archives - Page 172 of 362

Mauldin & Jenkins adds Plush Smith

The Top 100 Firm based in Atlanta has acquired Plush Smith P.A., a firm in Sarasota, Florida. Original Article Posted at : https://www.accountingtoday.com/news/mauldin-jenkins-adds-plush-smith-in-florida

Acumatica software update responds to new challenges faced by businesses

The update includes a new point-of-sale tool, advanced expense management, and a new, deep integration with Shopify. Original Article Posted at : https://www.accountingtoday.com/news/acumatica-software-update-responds-to-new-challenges-faced-by-businesses

New Census Data Shows States Beat Revenue Expectations in FY 2020

Key Findings State tax collections declined 5.5 percent in FY 2020 according to new Census data, though actual losses are likely to be significantly lower after accounting for the shifting of income tax collections into the current fiscal year due to delayed tax filing deadlines. After a sharp initial drop under stay-at-home orders, sales tax…

Cash-starved cities test new approach to taxing streaming services: franchise fees

As state and local tax forecasts continue to paint a very ugly budget picture, there is little reason to doubt that officials are casting about in search of new sources of revenue. Original Article Posted at : https://www.accountingtoday.com/opinion/cash-starved-cities-test-new-approach-to-taxing-streaming-services-franchise-fees

An audit cycle unlike any other

With the incremental complexities and associated risks this year, companies and auditors cannot afford to fall behind. Original Article Posted at : https://www.accountingtoday.com/opinion/an-audit-cycle-unlike-any-other

Investors call for climate disclosures in company accounts

Money managers and pension funds want companies to publish their 2020 annual reports in line with guidance from the International Accounting Standards Board that calls for incorporating climate-related risks in financial statements. Original Article Posted at : https://www.accountingtoday.com/articles/investors-call-for-climate-disclosures-in-company-accounts

Tax Fraud Blotter: Foul ball

Difficult and complex; $4,000 tax on $2 million; little horse sense; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-foul-ball

N.J. governor, lawmakers agree to raise tax on millionaires

New Jersey Governor Phil Murphy and Democratic legislative leaders have agreed on a budget deal that will raise taxes on millionaires to fund rebates for about 800,000 middle-class households. Original Article Posted at : https://www.accountingtoday.com/articles/n-j-governor-lawmakers-agree-to-raise-tax-on-millionaires

Democrats introduce wildfire disaster tax relief bill

A group of Senate Democrats introduced legislation to offer tax relief to individuals, businesses and states affected by catastrophic wildfires and other presidentially declared disasters. Original Article Posted at : https://www.accountingtoday.com/news/democrats-introduce-wildfire-disaster-tax-relief-bill