Accounting
ICPAS announces 2020 academic scholarship recipients
The Illinois Society of CPAs awarded $84,000 to 43 collegiate accounting students as part of its Accounting Scholarship Program. Original Article Posted at : https://www.accountingtoday.com/news/icpas-announces-2020-academic-scholarship-recipients
Read MoreHow to arbitrage U.S. taxes for difficult economic times
Pandemic-induced market volatility and warnings from Wall Street that tax rates are bound to rise have more Americans preparing to move money from traditional individual retirement accounts into Roth IRAs. Original Article Posted at : https://www.accountingtoday.com/articles/how-to-arbitrage-u-s-taxes-for-difficult-economic-times
Read MoreLessons from Alberto Alesina for U.S. Lawmakers
The economics world suffered a big loss over the weekend with the untimely passing of Alberto F. Alesina, the Nathaniel Ropes professor of political economy at Harvard. Alesina’s specialty was investigating the economic effects of political choices, such as which policies are most effective in addressing large fiscal deficits and national debts. U.S. lawmakers would…
Read MoreNet Operating Loss Carrybacks Are a Vital Source of Tax Relief for Struggling Firms in the Coronavirus Crisis
As policymakers explore options for Phase 4 relief for businesses and individuals, it is important to understand why and how the CARES Act modified tax rules for businesses, including the changes to net operating loss (NOL) deduction rules such as NOL carrybacks. Rather than revisiting these changes and restricting NOL carrybacks, policymakers should explore ways…
Read MoreDigital Services Taxes: Do They Comply with International Tax, Trade, and EU Law?
This analysis was prepared by a select group of JD candidates at the Institute of International Economic Law (IIEL) at Georgetown University in conjunction with TradeLab. All research and analysis was supervised by Georgetown faculty, Tax Foundation experts, and outside tax professionals. The Tax Foundation would like to thank the report authors for an exceptionally…
Read MoreArt of Accounting: Planning your strategic planning meeting
This year all playbooks have to be discarded and a fresh start needs to be developed. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-planning-your-strategic-planning-meeting
Read MoreIRS Tax Forums to go virtual this year
The live-streamed webinars will start in July. Original Article Posted at : https://www.accountingtoday.com/news/irs-tax-forums-to-go-virtual-this-year
Read MoreCoronavirus changes priorities for corporate tax pros
The COVID-19 pandemic is forcing corporate tax departments to reconsider their top priorities for this year, according to a new survey. Original Article Posted at : https://www.accountingtoday.com/news/coronavirus-changes-priorities-for-corporate-tax-pros
Read MoreSEC requires more disclosure of acquisitions and dispositions of businesses
The Securities and Exchange Commission voted to add amendments to its rules and forms to improve financial information about acquired or disposed businesses for investors, and decrease the complexity and costs of preparing such disclosures. Original Article Posted at : https://www.accountingtoday.com/news/sec-requires-more-disclosure-of-acquisitions-and-dispositions-of-businesses
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