Benchmarking for Nonprofits from Armanino taps into big data

Benchmarking has become a useful tool for organizations of all kinds to gauge their performance during the uncertain environment the COVID-19 pandemic has created. Original Article Posted at : https://www.accountingtoday.com/news/benchmarking-for-nonprofits-from-armanino-taps-into-big-data

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Tax Fraud Blotter: Trust busters

Drug money; ghosts of a chance; skin games; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-trust-busters

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Biden names acting chair for SEC

President Biden has picked Allison Herren Lee, a member of the Securities and Exchange Commission, as the acting chair of the SEC, as nominee Gary Gensler waits in the wings as a more permanent chair once he is confirmed by the Senate. Original Article Posted at : https://www.accountingtoday.com/news/biden-names-acting-chair-for-sec

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New York Governor Proposes THC-based Tax on Recreational Marijuana

In his fiscal year 2022 budget proposal unveiled this week, New York Gov. Andrew Cuomo includes an excise tax on what could be legalized recreational marijuana. New York is looking to join neighboring New Jersey, where voters approved a ballot measure to legalize recreational marijuana last November. Gov. Cuomo expects the tax revenue to eventually…

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Finance execs see pain points in internal controls reporting

Financial executives feel that the requirements for documenting their organization’s internal controls are getting to be too much and many of them are behind the curve when it comes to applying technology for internal control over financial reporting, according to a new report. Original Article Posted at : https://www.accountingtoday.com/news/finance-execs-see-pain-points-in-internal-controls-reporting

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DHG appoints first chair of insurance diversity and inclusion committee

Top 20 Firm Dixon Hughes Goodman announced that Wesley McLeod, partner for the firm’s insurance practice, will head the new committee devoted to diversity in the insurance sector. Original Article Posted at : https://www.accountingtoday.com/news/dhg-appoints-first-chair-of-insurance-diversity-and-inclusion-committee

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A Tax Credit to Fix Capitalism

Capitalism produces a dizzying array of products and, in the process, generates an enormous amount of wealth. But capitalism creates a problem in that the…

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IIRC revises integrated reporting framework

The International Integrated Reporting Council has published its revised Integrated Reporting Framework, incorporating some major changes since the IR Framework was first published in 2013. Original Article Posted at : https://www.accountingtoday.com/news/iirc-revises-integrated-reporting-framework

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