Accounting
China blacklists six executives linked to $4.2B fraud
China’s securities regulator blacklisted six executives for their role in a $4.2 billion accounting scandal at Kangmei Pharmaceutical Co., one of the country’s biggest drugmakers. Original Article Posted at : https://www.accountingtoday.com/articles/china-blacklists-six-executives-linked-to-4-2b-fraud
Read MoreCompanies that left U.S. for tax reasons could qualify for Fed’s aid
Lax eligibility requirements are raising new questions about which firms should get access to public money. Original Article Posted at : https://www.accountingtoday.com/articles/companies-that-left-u-s-for-tax-reasons-could-qualify-for-feds-aid
Read MoreKPMG offers policy and technical framework for bringing workers back to office
The COVID-19 pandemic has forced workers across the US to stay home. KPMG offers a robust plan for bringing staff back to the workplace when the time comes. Original Article Posted at : https://www.accountingtoday.com/news/kpmg-offers-framework-for-bringing-workers-back-to-office-after-coronavirus-pandemic
Read MoreTax Fraud Blotter: Snow jobs
A fuel and his money; see ya labor; low miles but high taxes; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-snow-jobs
Read MoreGrant Thornton introduces blockchain platform for managing intercompany transactions
The firm has implemented inter.x in-house, but it is also available to clients to manage dealings between financial entities of a business, which account for 30 to 40 percent of the global economy. Original Article Posted at : https://www.accountingtoday.com/news/grant-thornton-intros-blockchain-platform-for-managing-intercompany-transactions
Read MoreMore PPP loans seem to be coming through for anxious business owners
The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey. Original Article Posted at : https://www.accountingtoday.com/news/more-ppp-loans-seem-to-be-coming-through-for-anxious-business-owners
Read MoreHEROES Act First Bid to Provide Phase 4 Relief for Businesses and Individuals
The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, a draft released Tuesday by Democrats in the U.S. House of Representatives, is the first bid to provide additional economic relief to individuals and businesses affected by the coronavirus pandemic and economic downturn. The bill is projected to cost about $3 trillion—a third greater than…
Read MoreIRS limits loan forgiveness in Paycheck Protection Program
The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts. Original Article Posted at : https://www.accountingtoday.com/opinion/irs-limits-loan-forgiveness-in-paycheck-protection-program
Read MoreMarriage lockdown: Divorce in the time of coronavirus
Divorce and COVID-19 each bring various tax considerations. Original Article Posted at : https://www.accountingtoday.com/opinion/marriage-lockdown-divorce-in-the-time-of-coronavirus
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