‘It’s not your father’s firm anymore’

Transition Advisors’ Bill Carlino discusses the major factors driving change in the accounting profession — and how firms are reacting. Original Article Posted at : https://www.accountingtoday.com/podcast/its-not-your-fathers-firm-anymore

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5 tips for going remote now

Firms across the United States are facing the reality of going remote quickly as COVID-19 spreads and states attempt to stem the contagion. Original Article Posted at : https://www.accountingtoday.com/list/5-tips-for-going-remote-in-a-time-of-coronavirus

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CFOs worry coronavirus may lead to global downturn

More than half of chief financial officers see the potential for a significant impact on their business operations, according to a new survey from PwC. Original Article Posted at : https://www.accountingtoday.com/news/cfos-experiencing-wide-impact-from-coronavirus

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House of Representatives Bill Would Expand Paid Sick, Family, and Medical Leave to Address the Coronavirus Crisis

Last Saturday, the U.S. House of Representatives passed a bill (reportedly pending some potential technical changes) to help aid those affected by the current coronavirus crisis. The bill, the Families First Coronavirus Response Act, would expand federal medical leave, create an emergency paid sick leave requirement, and provide tax credits against employer-side payroll taxes to…

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U.S. Chamber calls for payroll tax cut, loans to address virus

The U.S. Chamber of Commerce called Monday for a three-month cancellation of all payroll taxes paid by employers to address “a sudden and sharp drop in demand” facing businesses due to the coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/articles/u-s-chamber-calls-for-payroll-tax-cut-loans-to-address-virus

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Digital Services Taxes in Europe

Over the last few years, concerns have been raised that the existing international tax system does not properly capture the digitalization of the economy. Under current international tax rules, multinationals generally pay corporate income tax where production occurs rather than where consumers or, specifically for the digital sector, users are located. However, some argue that…

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Treasury says coronavirus bill will support small biz with tax breaks

The U.S. Treasury will be able to support smaller businesses impacted by the coronavirus through an economic relief plan that the House passed late Friday, Treasury Secretary Steven Mnuchin said in a statement. Original Article Posted at : https://www.accountingtoday.com/articles/u-s-treasury-says-coronavirus-bill-to-support-small-businesses-with-tax-breaks

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