Accounting
Baker Tilly merges in Squar Milner
Two major CPA firms, Baker Tilly and Squar Milner, are joining forces, with the combined firm likely to become one of the 10 largest accounting firms in the U.S. when the deal takes effect on Nov. 1. Original Article Posted at : https://www.accountingtoday.com/news/baker-tilly-merges-in-squar-milner
Read MoreWirecard’s Jan Marsalek added to Interpol’s most wanted list
Former Wirecard AG executive Jan Marsalek was added to Interpol’s red notice list, sparking a worldwide manhunt for one of the executives allegedly at the center of a multibillion-euro accounting scandal at the fintech company. Original Article Posted at : https://www.accountingtoday.com/articles/wirecards-jan-marsalek-added-to-interpols-most-wanted-list
Read MoreArchitecting the perfect virtual sales call
The pandemic may rule out in-person business development, but that doesn’t mean you should stop reaching out. Original Article Posted at : https://www.accountingtoday.com/opinion/architecting-the-perfect-virtual-sales-call
Read MoreInventory Valuation in Europe
As with capital investment, businesses cannot immediately deduct the full cost of inventory purchases against taxable income. Instead, the cost of inventories is deducted when sold. The deduction amount depends on the inventory valuation method. Today’s map shows which of the three inventory valuation methods European OECD countries require their businesses to use for tax…
Read MoreTeleworking Employees Face Double Taxation Due to Aggressive “Convenience Rule” Policies in Seven States
Key Findings When a person lives in one state but works in another, they may have tax liability in both states, but typically receive a tax credit to eliminate double taxation of that income. Seven states, however, tax people where their office is even if they do not actually work in the state, and these…
Read MorePayroll processors await IRS guidance on tax deferral
Payroll companies need guidelines on how to implement President Trump’s executive order before they can start processing paychecks next month. Original Article Posted at : https://www.accountingtoday.com/news/payroll-processors-await-irs-guidance-on-tax-deferral
Read MoreMnuchin, Kudlow say congressional vote needed for capital gains cut
The White House isn’t considering an executive order to carry out President Donald Trump’s call for a cut in the capital gains tax because Congress probably would have to change the rate, administration officials said. Original Article Posted at : https://www.accountingtoday.com/articles/mnuchin-kudlow-say-congressional-vote-needed-for-capital-gains-cut
Read MoreInternal auditors losing ground on digital transformation
Internal audit departments are slowing down the adoption of next-generation technologies, such as artificial intelligence and machine learning, according to a new survey. Original Article Posted at : https://www.accountingtoday.com/news/internal-auditors-losing-ground-on-digital-transformation
Read MoreNevada Hoping to Extract Revenue with Mining Tax Increase Amendment
In its search for revenue to fill in budget gaps, Nevada is considering a mining tax increase through a constitutional amendment. Two resolutions with competing tax plans (AJR1 and AJR2) passed both chambers without amendments on August 2nd, within three days of when they were initially introduced. The legislature adjourned on August 6 without scheduling…
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