Accounting Archives - Page 243 of 362

British accounting firms face new setback as FRC opens probe

Britain’s audit industry faces another dent to its reputation as the nation’s accounting watchdog ordered a probe into PricewaterhouseCoopers LLP, Ernst & Young and Oliver Clive & Co.’s work for defunct London Capital & Finance Plc. Original Article Posted at : https://www.accountingtoday.com/articles/british-accounting-firms-face-new-setback-as-frc-opens-probe

Mnuchin says he may consider second tax due-date extension

Treasury Secretary Steven Mnuchin said he may consider a second extension in the U.S. tax filing deadline as the coronavirus pandemic continues. Original Article Posted at : https://www.accountingtoday.com/articles/mnuchin-says-he-may-consider-second-tax-due-date-extension

Tax deadlines extended for tornado victims

The IRS offers tax relief for those affected by storms and flooding in the Southeast. Original Article Posted at : https://www.accountingtoday.com/news/tax-deadlines-extended-for-tornado-victims

What’s in your firm’s social media policy?

A clear set of guidelines is a must to protect your firm. Original Article Posted at : https://www.accountingtoday.com/list/whats-in-your-accounting-firms-social-media-policy

RMD rollover relief granted under CARES Act

The IRS offers guidance in Notice 2020-51 on the rollover period, which has been extended to Aug. 31. Original Article Posted at : https://www.accountingtoday.com/news/rmd-rollover-relief-granted-under-cares-act

In the blogs: What a relief

Notices finally arriving; big breaks for Oprah and Walmart; the snares of working remotely; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-what-a-relief

Intuit changes tech development focus, lays off 715

Intuit CEO Sasan Goodarzi announced that the software giant would be changing focus from creating an artificial intelligence-driven platform to virtual solutions, omni-channel commerce, and money benefits to small businesses, in light of the impact of COVID-19. Original Article Posted at : https://www.accountingtoday.com/news/intuit-changes-tech-development-focus-lays-off-715

Economic Analysis of Financing Options for Infrastructure Spending Proposals

As the economic recovery is debated amid the coronavirus pandemic, there have been growing calls to include additional public investment in infrastructure such as transportation, airports, buildings, and broadband. Many have argued that the United States has outdated infrastructure and that has weakened the nation’s economic productivity and global competitiveness. As policymakers start thinking about…

GASB releases guidance on deferred compensation plans

The Governmental Accounting Standards Board issued guidance Tuesday to improve the reporting of Section 457 deferred compensation plans for state and local government employees. Original Article Posted at : https://www.accountingtoday.com/news/gasb-releases-guidance-on-deferred-compensation-plans