The new Form 1099-NEC

Companies and their advisors will want to make sure they’re up on what’s reported on the form, how it’s changing the 1099-MISC, and the state-reporting wrinkles that go along with it, says Janice Krueger of Greatland. Original Article Posted at : https://www.accountingtoday.com/podcast/the-new-form-1099-nec

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How to build a more diverse, inclusive accounting firm

As more accounting firm leaders get a better understanding of how to transform their practices, they begin to realize that in order to achieve greatness, they absolutely must have a diverse team. Original Article Posted at : https://www.accountingtoday.com/opinion/how-to-build-a-more-diverse-inclusive-accounting-firm

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Advantage of the rookie mindset

Sometimes having a fresh set of eyes — a beginner’s mind — gives you a better perspective on tackling tough problems at your organization. Original Article Posted at : https://www.accountingtoday.com/opinion/advantage-of-the-rookie-mindset

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Massachusetts Flavored Tobacco Ban Has Severe Impact on Tax Revenue

Since June 1, 2020, Massachusetts has banned the sale of flavored tobacco products, including menthol cigarettes. When signing the ban into law, Gov. Charlie Baker (R) argued that the ban, which is the broadest in the country, was enacted to limit youth uptake of nicotine products. While youth uptake is a very real concern which deserves the…

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Biden’s Wall Street watchdogs signal new era of tough oversight

President-elect Joe Biden’s team of financial regulators is taking shape, with progressive favorites being chosen for the top jobs at the Securities and Exchange Commission and the Consumer Financial Protection Bureau — moves that mean Wall Street should prepare itself for a new era of tougher oversight and stricter rules. Original Article Posted at :…

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Deutsche Bank, ICAP sued as Warburg seeks to recoup tax bill

Deutsche Bank, TP ICAP and two German lawyers are the targets of M.M. Warburg & Co.’s latest legal attempt to recoup the big tax bill it was ordered to pay over controversial Cum-Ex trades. Original Article Posted at : https://www.accountingtoday.com/articles/deutsche-bank-icap-sued-as-warburg-seeks-to-recoup-tax-bill

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