Accounting Archives - Page 42 of 362

Democrats’ bill targets private equity, hedge fund tax break

Three House Democrats are pushing legislation that would repeal the carried-interest tax break used by fund managers to reduce the levies they owe to the Internal Revenue Service. Original Article Posted at : https://www.accountingtoday.com/articles/democrats-bill-targets-private-equity-hedge-fund-tax-break

Marginal Tax Rates on Labor Income Under Sen. Mitt Romney’s Family Security Act

The Family Security Act, recently proposed by Sen. Mitt Romney (R-UT), would replace the Child Tax Credit (CTC) with a monthly child allowance administered by the Social Security Administration, making the benefit more generous and accessible to low-income households without earned income. The goal of the proposal is to reduce child poverty while simplifying existing…

Rollable phones, and other tech stories you may have missed

A first-ever online integration for QuickBooks, robot restaurants, ‘One Outlook,’ and seven other developments in technology you may have missed. Original Article Posted at : https://www.accountingtoday.com/list/rollable-phones-and-other-tech-stories-you-may-have-missed

Growing your practice — without adding new clients

These five strategies can help you boost your profits, without ever have to sell to a prospect. Original Article Posted at : https://www.accountingtoday.com/opinion/growing-your-practice-without-adding-new-clients

U.S. Cross-border Tax Reform and the Cautionary Tale of GILTI

Table of Contents Key Findings Introduction Basics of Cross-border Taxation The U.S. Cross-border Tax System Changes Made by the Tax Cuts and Jobs Act How Does GILTI Work? Impacts of the Reforms GILTI Changes on the Way Conclusion Appendix Key Findings The U.S. joined many other developed nations in adopting territorial provisions and anti-base erosion…

CAQ, AICPA publish ESG reporting roadmap

The Center for Audit Quality and the American Institute of CPAs released a guide Wednesday to environmental, social and governance reporting and attestation for accountants. Original Article Posted at : https://www.accountingtoday.com/news/caq-aicpa-publish-esg-reporting-roadmap

Pandemic forces CFOs to manage financial liquidity better

CFOs and other finance executives are finding they need to reforecast their company’s liquidity and cash flow on a weekly and even daily basis as they cope with the pandemic. Original Article Posted at : https://www.accountingtoday.com/news/pandemic-forces-cfos-to-manage-financial-liquidity-better

In the blogs: Oh, the places we’ll tax

New digital advertising tax; ripping off PPP; careful with prenups; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-oh-the-places-well-tax

Tax policy shifting this year under Biden

The Biden administration is likely to dramatically change its approach to tax policy, with the first step in the stimulus package it began pushing through Congress this month. Original Article Posted at : https://www.accountingtoday.com/news/tax-policy-shifting-this-year-under-biden