Accounting
Why Neutral Cost Recovery Is Good for Workers
The COVID-19 pandemic has damaged the American economy, as unemployment has skyrocketed. Despite job growth in May, the unemployment rate still sits at more than 13 percent, its highest point since the Great Depression. But even before the pandemic, American workers had experienced slow wage growth, for a variety of reasons. Policies to create jobs…
Read MoreAssessing Sarbanes-Oxley compliance risk in the coronavirus environment
The pandemic is introducing changes — potentially significant ones — to the SOX compliance process. Original Article Posted at : https://www.accountingtoday.com/opinion/assessing-sarbanes-oxley-compliance-risk-in-the-coronavirus-environment
Read MoreSupreme Court narrows power of SEC to recoup illegal gains
The U.S. Supreme Court limited the power of the Securities and Exchange Commission to recoup illegal profits from wrongdoers, putting new curbs on one of the agency’s most potent legal weapons. Original Article Posted at : https://www.accountingtoday.com/articles/supreme-court-narrows-power-of-sec-to-recoup-illegal-gains
Read MoreTax Strategy: QIP post-CARES Act
The rules governing qualified improvement property … Original Article Posted at : https://www.accountingtoday.com/opinion/tax-strategy-qualified-improvement-property-post-cares-act
Read MoreFormer Wirecard CEO Braun arrested over missing cash scandal
Wirecard AG’s former chief executive officer was detained by Munich prosecutors after 1.9 billion euros ($2.1 billion) went missing from the digital-payment company, in a scandal that has rattled Germany’s financial industry. Original Article Posted at : https://www.accountingtoday.com/articles/former-wirecard-ceo-braun-arrested-over-missing-cash-scandal
Read MoreWhen Marriage Doesn’t Pay: Analysis and Options for Addressing Marriage and Second-Earner Penalties
Key Findings In nearly two of every three households in America with dependents, more than one person works to make ends meet. In many cases, when two workers file jointly, they are penalized for having a second earner in the household. This is because the second-earner’s wages are subject to a higher marginal tax rate.…
Read MoreIRS proposes rules for elimination of commuting benefits deduction
The Internal Revenue Service has issued a set of proposed regulations to provide guidance on the elimination of the deduction of qualified transportation fringe and commuting expenses in the Tax Cuts and Jobs Act. Original Article Posted at : https://www.accountingtoday.com/news/irs-proposes-rules-for-elimination-of-commuting-benefits-deduction
Read MoreM&A roundup: Anders and Adams Brown expand
Anders CPAs + Advisors plans to merge in Cummings, Ristau & Associates at the end of June; and Adams, Brown, Beran & Ball, Chtd.has acquired the Jonesboro, Arkansas, office of EGP PLLC. Original Article Posted at : https://www.accountingtoday.com/list/m-a-roundup-anders-and-adams-brown-expand
Read MoreOn Wayfair’s 2nd anniversary, issues remain
Two years in, state and businesses are still figuring out all the ramifications of the landmark sales tax decision. Original Article Posted at : https://www.accountingtoday.com/news/on-wayfairs-2nd-anniversary-issues-remain
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