Accounting
FASB updates nonprofit accounting standards for gifts in kind
The Financial Accounting Standards Board released an accounting standards update Thursday to enhance the transparency of how nonprofits report contributed nonfinancial assets, also known as gifts in kind. Original Article Posted at : https://www.accountingtoday.com/news/fasb-updates-nonprofit-accounting-standards-for-gifts-in-kind
Read MoreMore Countries Target the Property Tax
A recent report from the Organisation for Economic Co-operation and Development (OECD) on tax reforms during the past year reveals a tendency towards higher property taxes, often in the form of base broadening, tax rate increases, or both. Even though countries have increasingly targeted property taxes as a source of revenue, on average, they still…
Read MoreCongressional bill would give tax breaks for training employees not to spread coronavirus
Rep. Pete Olson, a Republican from Texas, has introduced a bill that would offer tax incentives to employers who train workers about best practices for reducing the spread of COVID-19 in the workplace. Original Article Posted at : https://www.accountingtoday.com/news/congressional-bill-would-give-tax-breaks-for-training-employees-not-to-spread-coronavirus
Read MoreDeloitte fined £15M in U.K. for Autonomy audits
The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP. Original Article Posted at : https://www.accountingtoday.com/news/deloitte-fined-15m-in-u-k-for-autonomy-audits
Read MoreAn Excise State of Mind
As the economic crisis driven by the pandemic has continued, a troubling trend in tax policy discussions has arisen. It is common these days to hear finance ministers refer to tax increases that would be narrowly targeted at a particular business model or industry simply based on the fact that those businesses appear to be…
Read MoreCalCPA announces partnership with MindBridge
The state society will have the Canadian company educate its members on AI and data analytics, as well as MindBridge’s software solutions. Original Article Posted at : https://www.accountingtoday.com/news/calcpa-announces-partnership-with-mindbridge
Read MoreYour job is changing — and that’s a good thing
You didn’t like that old job much anyway. Original Article Posted at : https://www.accountingtoday.com/opinion/your-job-is-changing-and-thats-a-good-thing
Read MoreWall Street workers may want bonuses ahead of possible Biden win for tax reasons
Wall Street firms may start facing pressure to pay out bonuses earlier than usual as their employees worry about the prospect of higher taxes under a Biden administration and Democrat-controlled Senate. Original Article Posted at : https://www.accountingtoday.com/articles/wall-street-workers-may-want-bonuses-ahead-of-possible-biden-win-for-tax-reasons
Read MoreAdvisory services in the pandemic: A mutually beneficial right thing to do
Delivering advisory services to help small businesses through the pandemic is a win for everyone. Original Article Posted at : https://www.accountingtoday.com/opinion/advisory-services-in-the-pandemic-a-mutually-beneficial-right-thing-to-do
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