Accounting
Post-implementation review process overhauled for accounting standards
The Financial Accounting Foundation’s board of trustees is changing the process for assessing the effectiveness of standards. Original Article Posted at : https://www.accountingtoday.com/news/post-implementation-review-process-overhauled-for-accounting-standards
Read MoreSmall businesses are struggling. Here’s how accountants can be trusted partners during this crisis
In this environment where information is fluid and everything is changing on a daily basis, accountants must stay out in front of clients’ needs. Original Article Posted at : https://www.accountingtoday.com/opinion/small-businesses-are-struggling-heres-how-accountants-can-be-trusted-partners-during-this-crisis
Read MoreTPC Analyzes Five Ways To Replace The SALT Deduction Cap
The $10,000 annual limit on the state and local tax (SALT) deduction was one of the most contentious provisions of the 2017 Tax Cuts and…
Read MoreAccounting for Deficits: When Should They Matter and How Should We Solve It?
Reporting suggests that Congress will continue to consider a variety of legislative solutions to support Americans enduring the ongoing public health crisis, provide short-term financing and tax relief for businesses and individuals, and eventually, revive economic growth after the crisis passes. With policymakers contemplating more spending even as tax revenues fall relative to previous…
Read MoreTrump looking at Chinese cos. on U.S. exchanges that don’t follow accounting rules
The president acknowledged the move could prompt Chinese companies to move off of the NYSE and Nasdaq. Original Article Posted at : https://www.accountingtoday.com/articles/trump-says-u-s-is-looking-at-chinese-companies-on-exchanges-that-dont-follow-accounting-rules
Read MoreThe six levers of value creation
Professional services firms need to adopt a business catalyst mindset to drive value acceleration. Original Article Posted at : https://www.accountingtoday.com/opinion/the-six-levers-of-value-creation
Read MoreThe U.S. Tax Burden on Labor
Key Findings Average workers in the United States face two major taxes on wage income: the individual income tax and the payroll tax (levied on both the employee and the employer). Although slightly more than half of a U.S. worker’s payroll tax burden is paid by their employer, the worker ultimately pays this tax through…
Read MoreDemocrats’ $3 trillion aid bill has seeds for eventual GOP deal
Republicans universally rejected a $3 trillion stimulus measure drafted by House Democrats to bolster the U.S. economy, but the draft plan has the seeds for an eventual, smaller compromise. Original Article Posted at : https://www.accountingtoday.com/articles/democrats-3-trillion-aid-bill-has-seeds-for-eventual-gop-deal
Read MoreStudy questions effectiveness of TCJA at stemming foreign R&D shifting
The international tax provisions of the Tax Cuts and Jobs Act will likely have less impact on the willingness of multinational companies to shift their income abroad than the money they can save by using foreign employees to do research and development. Original Article Posted at : https://www.accountingtoday.com/news/study-questions-effectiveness-of-tcjas-international-tax-provisions-at-stemming-foreign-r-d-shifting
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