Accounting

Reopening the IRS; wording a referendum; the season that won’t end; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-still-going-viral

If you’ve ever considered transitioning to a virtual model, now is a golden opportunity – but it should be done right. Original Article Posted at : https://www.accountingtoday.com/opinion/4-steps-to-becoming-a-virtual-firm

The firm is awaiting a ruling in a case involving a manufacturing company owner who sued the firm for fraud, negligence and other claims after the firm failed to advise him of a tax strategy that potentially could have saved him up over a million dollars and then allegedly tried to cover up the error.…

Post-implementation reviews enable FASB to identify and deal with any areas for improvement stemming from either adoption or implementation of a standard. Original Article Posted at : https://www.accountingtoday.com/news/fasb-opens-portal-for-post-implementation-reviews-of-standards

Outsourced accounting is among the options business leaders should carefully consider in these unprecedented times. Original Article Posted at : https://www.accountingtoday.com/opinion/covid-19-pandemic-reinforces-benefits-of-outsourced-accounting

President Donald Trump urged a judge to block a New York grand jury from reviewing his tax filings and disputed a suggestion by Manhattan District Attorney Cyrus Vance Jr. that the panel may be looking into bank and insurance fraud at the Trump Organization. Original Article Posted at : https://www.accountingtoday.com/articles/trump-fires-back-at-manhattan-d-a-s-hint-of-a-fraud-investigation

The American Institute of CPAs granted $764,500 in academic scholarships to 150 students as part of its annual program for future CPAs. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-announces-2020-21-legacy-scholars

China’s securities regulator said it has sent U.S. authorities a fresh proposal about co-auditing Chinese firms, days after Washington moved to tighten rules for stock listings from the Asian nation. Original Article Posted at : https://www.accountingtoday.com/articles/china-securities-regulator-sends-new-proposal-on-u-s-audits

President Donald Trump said he’s “very seriously” considering a capital gains tax cut, a move he decided against last September after saying it wouldn’t do enough to help the middle class. Original Article Posted at : https://www.accountingtoday.com/articles/trump-says-hes-seriously-mulling-a-capital-gains-tax-cut