Accounting Archives - Page 60 of 362

Lawmakers propose tax credits for struggling homes and businesses

Senators and House members introduced legislation to help taxpayers survive the pandemic, with tax credits for developers revitalizing homes in “distressed” neighborhoods and enabling small businesses to pay essential expenses. Original Article Posted at : https://www.accountingtoday.com/news/lawmakers-propose-tax-credits-for-struggling-homes-and-businesses

People & firms on the move: RSM names next leader of culture, diversity & inclusion

Citrin Cooperman expands advisory services practice; Weaver raises $60K for charity; and more CPA news. Original Article Posted at : https://www.accountingtoday.com/list/people-firms-on-the-move-rsm-names-new-national-leader-of-culture-diversity-and-inclusion

IRS warns of identity thieves stealing unemployment benefits

The Internal Revenue Service is advising taxpayers who received a Form 1099-G for unemployment benefits they never got to contact their state because their identity may have been stolen. Original Article Posted at : https://www.accountingtoday.com/news/irs-warns-of-identity-thieves-stealing-unemployment-benefits

Washington State Floats a Wealth Tax Which Relies Almost Exclusively on Four People

What happens if you create a tax and its base is, for all intents and purposes, four people? If some Washington lawmakers had their way, we might find out. House Bill 1406 would impose a wealth tax exclusively on billionaires, accomplished by exempting the first $1 billion in household wealth. While most European countries have…

Start planning your exit from the pandemic

It’s not too early to get ready for life — and business — after the coronavirus. Original Article Posted at : https://www.accountingtoday.com/opinion/start-planning-your-exit-from-the-covid-19-pandemic

Is your firm’s data safe?

Accounting practices are major targets for hackers, ransomware and more Original Article Posted at : https://www.accountingtoday.com/news/is-your-firms-data-safe

Almost no one thinks their company’s falling behind because of COVID-19

The coronavirus pandemic has hit revenues at most companies around the world, but almost none of them feel that they’re lagging behind their competitors. Original Article Posted at : https://www.accountingtoday.com/news/covid-19-had-disparate-impact-on-accounting-and-finance

FASB simplifies revenue rules for franchises

The Financial Accounting Standards Board released an accounting standards update Thursday, giving franchisors a practical expedient way to determine their performance obligations under a franchise agreement. Original Article Posted at : https://www.accountingtoday.com/news/fasb-simplifies-revenue-rules-for-franchises

For-profit colleges converted to tax-exempt status, raising concerns

Colleges and universities that changed from for-profit businesses into tax-exempt nonprofits are prompting questions about the continuing involvement of former owners and officials. Original Article Posted at : https://www.accountingtoday.com/news/for-profit-colleges-converted-to-tax-exempt-status-raising-concerns