Accounting

Senate Majority Leader Chuck Schumer is weighing adding a provision to the $1.9 trillion COVID-19 relief plan that would put a penalty tax on big companies that don’t pay workers at least $15 an hour, a Democratic aide said on condition of anonymity. Original Article Posted at : https://www.accountingtoday.com/articles/schumer-weighs-big-firm-tax-to-enable-minimum-wage-hike

Even after the coronavirus, the accounting profession will need to keep changing and adapting at a rapid pace. Original Article Posted at : https://www.accountingtoday.com/opinion/no-progress-in-accounting-without-a-pandemic

Corporations are starting to buy digital assets like Bitcoin to bolster their treasuries, but the volatility in prices could put a dent in their balance sheet. Original Article Posted at : https://www.accountingtoday.com/news/companies-investing-in-crypto-may-be-in-for-a-rude-accounting-surprise

A ‘wave’ of claims for the Domestic Production Activities Deduction sparks an alert. Original Article Posted at : https://www.accountingtoday.com/news/irs-warns-stop-taking-this-deduction-its-been-repealed

RAP sheet; shipping out; Pelicon; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-walk-in-fall

The Top Five Firm welcomed 14 inaugural organizations from a wide range of industries to “actively enhance diversity, equity and inclusion within their organizations.” Original Article Posted at : https://www.accountingtoday.com/news/rsm-us-announces-de-i-focused-collaborative-for-middle-market

Auditing costs have been increasing in recent years for public companies, thanks to new accounting standards and corporate acquisitions, according to a study released Thursday. Original Article Posted at : https://www.accountingtoday.com/news/audit-fees-spike-as-accounting-complexity-rises

To best serve your clients, and your own firm, these are the top items to closely monitor in the year ahead. Original Article Posted at : https://www.accountingtoday.com/list/5-regulatory-issues-you-and-your-clients-should-watch-in-2021

Maneuvers played out across the country as census tract boundaries were changed to accommodate wealthy investors whose projects fell outside the lines of roughly 8,700 opportunity zones. About 140 tracts grew in size. Original Article Posted at : https://www.accountingtoday.com/articles/a-trump-tax-break-kicked-off-a-race-to-redraw-u-s-census-maps