Accounting
Changes to the Tax Base Matter When Evaluating the Impact of Tax Reforms
In December, scholars David Hope and Julian Limberg released a study with the London School of Economics (LSE) examining the economic effects of reducing tax rates for high-income individuals and corporations. The paper illustrates how overlooking an important element of the tax system—the structure of the tax base—can lead to an incomplete understanding of how…
Read More2021 is already presenting early complications for next tax season
Right out of the gate, this year has provided some intriguing storylines that undoubtedly will have ripple effects when tax pros sit down with their clients next winter. Original Article Posted at : https://www.accountingtoday.com/opinion/as-tax-pros-wade-into-the-2020-season-2021-starts-to-present-early-complications
Read MoreU.K. watchdog puts more space between ‘Big Four’ units
The U.K.’s accounting regulator introduced fresh recommendations to put further distance between the Big Four accounting firms and their consulting arms ahead of their impending split. Original Article Posted at : https://www.accountingtoday.com/articles/u-k-watchdog-puts-more-space-between-big-four-units
Read MoreA star trader turns star witness in $12B tax scandal
His story reveals the far-reaching net that continues to entangle individuals and firms who were engaged in so-called Cum-Ex transactions, almost a decade after the dividend-tax practice ended. Original Article Posted at : https://www.accountingtoday.com/articles/a-star-trader-turns-star-witness-in-12b-tax-scandal
Read MoreTrump taxes, long guarded, will soon be in prosecutor’s hands
Donald Trump, who managed to keep his tax returns a secret the entire time he was in the White House, is about to see them fall into the hands of a New York prosecutor looking into possible criminal charges against him. Original Article Posted at : https://www.accountingtoday.com/articles/trump-taxes-long-guarded-will-soon-be-in-prosecutors-hands
Read MoreTax refunds and stimulus checks: What advisors say clients should do now
A COVID-wrecked economy has changed the calculus for some financial planners. Original Article Posted at : https://www.accountingtoday.com/news/tax-refunds-and-stimulus-checks-what-advisors-say-clients-should-do-now
Read MoreIntuit boosts e-commerce capabilities with acquisition
Intuit has acquired OneSaas, provider of e-commerce data integration software, and plans to accelerate the integration of third party e-comm solutions with its QuickBooks platform. Original Article Posted at : https://www.accountingtoday.com/news/intuit-boosts-e-commerce-capabilities-with-acquisition
Read MoreCalCPA names interim CEO
Past chair and retired Grant Thornton audit partner Richard Simitian will take the helm on March 1. Original Article Posted at : https://www.accountingtoday.com/news/calcpa-names-richard-simitian-interim-ceo
Read MoreLawmakers tell IRS to stop sending incorrect tax delinquency notices
Two leaders of Congress’s main tax committee are questioning why the Internal Revenue Service keeps sending notices to taxpayers about missing returns when it’s still catching up on unprocessed mail. Original Article Posted at : https://www.accountingtoday.com/news/lawmakers-tell-irs-to-stop-sending-incorrect-tax-delinquency-notices
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