Accounting
Global Tax Relief Efforts Vary in Scope and Time Frame in Response to COVID-19
Countries around the world have implemented and continue to implement emergency tax measures to support their economies during the coronavirus (COVID-19) crisis. Providing tax relief to the people and companies that are most affected, until the emergency abates, is welcome, as the health issue has created a substantial economic shock. Taxes that require regular payments…
Read MoreTech companies rejected by top court on tax breaks
The U.S. Supreme Court refused to question a ruling that technology companies including Facebook Inc. and Google say will cost them billions of dollars in taxes by limiting deductions for stock payments to employees. Original Article Posted at : https://www.accountingtoday.com/articles/tech-companies-rejected-by-top-court-on-tax-breaks
Read MoreA hand up but a bill due: Taxes and unemployment
Tax pros share what they’re telling clients about relief for the jobless during the pandemic. Original Article Posted at : https://www.accountingtoday.com/news/a-hand-up-but-a-bill-due-taxes-and-unemployment
Read MoreWirecard fights for survival as billions may not exist
Wirecard AG was left fighting for survival after acknowledging that 1.9 billion euros ($2.1 billion) that it had reported as assets probably don’t exist, deepening an accounting scandal that has rattled Germany’s financial industry. Original Article Posted at : https://www.accountingtoday.com/articles/wirecard-fights-for-survival-as-billions-may-not-exist
Read MoreArt of Accounting: New partner responsibilities
Many new partners continue as they were, but with a higher status, and more pay. However, there is plenty for new partners to know and do, and unfortunately many firms do not have any “new partner training,” Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-new-partner-responsibilities
Read MoreLatest Data Shows That the Tax Cuts and Jobs Act Did Not Dampen Charitable Giving
Americans are very generous people, and they give despite the reduced tax benefits of giving. That’s the takeaway from Giving USA’s latest annual report on the charitable contributions of individuals, corporations, and foundations. Altogether, Americans contributed nearly $450 billion to charitable causes in 2019. This is a record level of giving in nominal terms; adjusting…
Read MoreSEC chief urged to drop U.S. Attorney bid amid political battle
U.S. Securities and Exchange Commission Chairman Jay Clayton was surprised and dismayed by the political battle that quickly erupted over his pending nomination to be the top federal prosecutor in New York, said people familiar with the matter. Original Article Posted at : https://www.accountingtoday.com/articles/sec-chief-urged-to-drop-u-s-attorney-bid-amid-political-battle
Read MoreWayfair at 2: The complexity continues
With the landmark Supreme Court decision marking its second anniversary, Avalara’s Scott Peterson and Liz Armbruester dive into its origins — and its many, many ramifications. Original Article Posted at : https://www.accountingtoday.com/podcast/wayfair-at-2-the-complexity-continues
Read MoreTrump administration flips on PPP disclosures after backlash
The Trump administration, following a backlash, said it would release details about companies that received loans of $150,000 or more from a coronavirus relief program for small businesses. Original Article Posted at : https://www.accountingtoday.com/articles/trump-administration-flips-on-ppp-disclosures-after-backlash
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