Accounting

With the switch to remote work it is harder to train one-on-one so new methods need to be developed. Here are some things you can try. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-training-staff-remotely

The U.K.’s dominant accounting firms must separate their audit units from other operations by June 2024 as the country’s industry watchdog reacts to shortcomings that led to the collapse of several companies. Original Article Posted at : https://www.accountingtoday.com/articles/big-four-face-big-split-as-watchdog-sets-separation-deadline

The 2017 tax law eliminated the federal write-offs previously allowed for unreimbursed business expenses and home offices, along with most other miscellaneous itemized deductions. Original Article Posted at : https://www.accountingtoday.com/articles/looking-for-a-work-at-home-tax-break-heres-the-bad-news

The American Institute of CPAs announced that it is offering education grants to 25 accounting students who have been monetarily impacted by the ongoing pandemic. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-offers-50k-in-covid-19-grants-to-accounting-students

Yet another fictional company; more tooth and justice; unsafe bets; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-run-and-gun

Three worldwide accounting groups have banded together to issue a report offering guidance on how CFOs and finance teams can steer their organizations toward long-term value creation during the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/global-accounting-groups-urge-long-term-value-creation-amid-coronavirus

The Internal Revenue Service is extending timelines for performing some of the actions associated with the low-income housing tax credit and bonds for qualified residential rental projects to give businesses more time during the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-relief-on-low-income-housing-tax-credits-in-response-to-coronavirus

Audit firms can enhance the reliability of environmental, social and governance reporting, according to a new report from the Center for Audit Quality. Original Article Posted at : https://www.accountingtoday.com/news/auditors-can-improve-esg-info-amid-coronavirus-says-caq-report