Accounting
Innovation in audit: It’s not just about technology
Real change will involve people, processes and much more beyond just software and hardware. Original Article Posted at : https://www.accountingtoday.com/opinion/innovation-in-audit-its-not-just-about-technology
Read MoreIRS extends dates on balance due notices amid coronavirus
The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-extends-dates-on-balance-due-notices-amid-coronavirus
Read MoreIRS warns of coronavirus-related tax schemes
The Internal Revenue Service is warning taxpayers and tax professionals once again to beware of tax fraud and other related financial scams related to the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-warns-of-coronavirus-related-tax-schemes
Read MoreIRS offers tax relief to opportunity zone funds and investors in response to coronavirus
The Internal Revenue Service is giving investors in opportunity zone funds relief from some of the requirements in the controversial program because of the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-tax-relief-to-opportunity-zone-funds-and-investors-in-response-to-coronavirus
Read MoreM&A roundup: Prager Metis and KLR expand
Prager Metis CPAs expanded in New Jersey by combining with William J. Keephart, CPA PA; and KLR Executive Search Group merged in Next Exec. Original Article Posted at : https://www.accountingtoday.com/list/m-a-roundup-prager-metis-and-klr-expand
Read MoreThe going concern question in the COVID-19 crisis
As companies contend with the economic impact of the global pandemic and the related risks, management should be prepared for heightened auditor scrutiny. Original Article Posted at : https://www.accountingtoday.com/opinion/the-going-concern-question-in-the-covid-19-crisis
Read MorePeople & firms on the move: Baker Tilly appoints MP of innovation
Abdo, Eick & Meyers launches a technology and data solutions services group; LBMC adds five shareholders; and more CPA news. Original Article Posted at : https://www.accountingtoday.com/list/people-firms-on-the-move-baker-tilly-appoints-mp-of-innovation-and-solutions
Read MoreInefficiencies Created by the Tax System’s Dependence on Economic Depreciation
One idea that would help the nation’s economic recovery during the coronavirus crisis would be moving to full expensing of capital investment. The depreciation debate might seem confusing, so the question at hand is: how, when, and by what amount can businesses recognize (or recover) the cost of a capital investment, like a piece of…
Read MoreResistance mounts to companies obscuring coronavirus impact in financials
A backlash is growing among regulators and participants against EBITDA — earnings before interest, taxes, depreciation, amortization and coronavirus. Original Article Posted at : https://www.accountingtoday.com/articles/resistance-mounts-to-junk-rated-firms-obscuring-coronavirus-impact-in-financials
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