Accounting
Wirecard ‘criminals’ had us duped, EY auditor tells lawmakers
An Ernst & Young LLP partner said his firm fell victim to “criminals” at Wirecard AG, rejecting allegations EY didn’t do enough to uncover wrongdoing at the now defunct payment processor. ]] Original Article Posted at : https://www.accountingtoday.com/articles/wirecard-criminals-had-us-duped-ey-auditor-tells-lawmakers
Read MoreWirecard ‘criminals’ duped us, EY auditor tells lawmakers
An Ernst & Young partner said his firm fell victim to “criminals,” rejecting allegations EY didn’t do enough to uncover wrongdoing at the now-defunct payment processor. ]] Original Article Posted at : https://www.accountingtoday.com/articles/wirecard-criminals-had-us-duped-ey-auditor-tells-lawmakers
Read MoreWirecard ‘criminals’ duped us, says EY auditor
An Ernst & Young partner said his firm fell victim to “criminals,” rejecting allegations EY didn’t do enough to uncover wrongdoing at the now-defunct payment processor. ]] Original Article Posted at : https://www.accountingtoday.com/articles/wirecard-criminals-had-us-duped-ey-auditor-tells-lawmakers
Read MoreSteinhoff insurers agree to pay $93M for legal claims
Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as 78.1 million euro ($93 million) toward legal settlements resulting from a 2017 accounting crisis. ]] Original Article Posted at : https://www.accountingtoday.com/articles/steinhoff-insurers-agree-to-pay-93m-for-legal-claims
Read MoreOrder and chaos: The trickiest parts of taxes this season
Tax practitioners share the new issues that they’re keeping an eye on. ]] Original Article Posted at : https://www.accountingtoday.com/news/order-and-chaos-the-trickiest-parts-of-taxes-this-filing-season
Read MoreMarginal Effective Tax Rates and the 2021 UK Budget
Table of Contents Key Findings Introduction The Impact of a Pending Corporate Tax Rate Increase on Investment Decisions Impacts of the 2021 UK Budget Alternate Corporate Reform Corporate Taxes, Capital Allowances, and Investment Conclusion Key Findings The 2021 UK budget introduces a two-year super-deduction of 130 percent for plant and equipment and a delayed corporate…
Read MoreAccounting groups push for longer delay to tax deadline
The National Association of CPA Practitioners is asking the IRS to postpone the tax deadline from May 17 until June 15 and to make it apply to quarterly estimated payments. ]] Original Article Posted at : https://www.accountingtoday.com/news/accounting-groups-push-for-longer-delay-to-tax-deadline
Read MoreTax credits do the dirty work of clean energy
The Investment Tax Credit and the Production Tax Credit can provide value in the current corporate climate under President Biden. ]] Original Article Posted at : https://www.accountingtoday.com/opinion/tax-credits-do-the-dirty-work-of-clean-energy
Read MoreRichest 1% of Americans hide a fifth of their income from the IRS
More than 20 percent of the wealthiest Americans’ income isn’t being reported to the Internal Revenue Service, according to a new study that calculates U.S. tax evasion is far higher than previously estimated. ]] Original Article Posted at : https://www.accountingtoday.com/articles/richest-1-of-americans-hide-a-fifth-of-their-income-from-the-irs
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