Accounting
Thin-Cap Rules in Europe
High-tax countries create an incentive for companies to finance investments with debt because interest payments are tax-deductible, which is usually not the case for equity costs. This encourages global businesses to lend money internally from entities in low-tax countries to entities in high-tax countries. Tax savings in high-tax countries can exceed the increased tax paid…
Read MoreSEC reduces disclosures of legal proceedings, climate change and human capital risks
The changes represent probably the biggest overhaul of Regulation S-K disclosures in more than three decades. Original Article Posted at : https://www.accountingtoday.com/news/sec-reduces-disclosures-of-legal-proceedings-climate-change-and-human-capital-risks
Read MoreCPA firms’ hiring of accounting grads down 30%
The hiring of accounting graduates by CPA firms has declined 30 percent in recent years, and Illinois CPA Society president and CEO Todd Shapiro hopes to reverse that trend. Original Article Posted at : https://www.accountingtoday.com/news/hiring-of-accounting-grads-by-cpa-firms-declines-30
Read MoreThe importance of employer branding during a crisis
As if marketing an accounting firm wasn’t challenging enough, throw in COVID-19 along with political, social and economic upheaval, and you’ve got a challenge for the ages. Original Article Posted at : https://www.accountingtoday.com/opinion/the-importance-of-employer-branding-during-a-crisis
Read MoreProposals to Lure Foreigners to Greece Highlight Need to Reform Property Taxes
High-net-worth individuals are being identified by tax policymakers these days in various ways. While Portugal recently approved a 10 percent tax on foreign pension income, putting an end to the tax-free regime for foreigners approved during the financial crisis, Greece is looking into attracting foreigners with tax reductions. In order to transfer their tax residency…
Read MoreBiden’s Proposal Would Shift the Distribution of Retirement Tax Benefits
Among Democratic presidential nominee Joe Biden’s many tax proposals, one that has gotten less attention would modify how traditional retirement accounts are treated in the tax code. This proposal would shift some of the benefits of tax deferral in traditional retirement accounts toward lower- and middle-income earners with the goal of encouraging additional saving by…
Read More10 cybersecurity practices that create the best remote environment
As firms work remotely and cloud applications and security become more important than ever, accountants should be thinking about cybersecurity in new ways. Original Article Posted at : https://www.accountingtoday.com/list/10-cybersecurity-practices-accounting-firms-need-now
Read More3 tips to free up working capital and optimize days payable outstanding
Although many factors lead to payment inefficiencies, businesses can take steps to optimize their working capital performance and efficiency. Original Article Posted at : https://www.accountingtoday.com/opinion/3-tips-to-free-up-working-capital-and-optimize-days-payable-outstanding
Read MoreDeloitte Foundation grants $100K to AICPA Foundation
The funds will support the AICPA’s William (Bill) Ezzell Scholarship, which helps students earn their Ph.D. in accounting. Original Article Posted at : https://www.accountingtoday.com/news/deloitte-foundation-grants-100k-to-aicpa-foundation
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