Accounting
KPMG Int’l revenues dip to $29.22B
The impact of the coronavirus pandemic hit the member firms in the second half of the fiscal year. Original Article Posted at : https://www.accountingtoday.com/news/kpmg-international-revenues-dip-to-29-22b
Read More81 percent of firms expect more remote work post-pandemic: Survey
Leadership and management consulting firm ConvergenceCoaching’s 2020 Anytime, Anywhere Work Survey results anticipate that remote work is here to stay. Original Article Posted at : https://www.accountingtoday.com/news/81-percent-of-firms-expect-more-remote-work-post-pandemic-survey
Read MoreThe outsourced controller: Who’s monitoring the bookkeeper?
Business owners don’t have the time or expertise to deter bookkeeping fraud. Original Article Posted at : https://www.accountingtoday.com/opinion/the-outsourced-controller-whos-monitoring-the-bookkeeper
Read MoreWealth Taxes in Europe
Net wealth taxes are recurrent taxes on an individual’s wealth, net of debt. The concept of a net wealth tax is similar to a real property tax. But instead of only taxing real estate, it covers all wealth an individual owns. As today’s map shows, only three European countries covered levy a net wealth tax,…
Read MoreLuckin settles SEC accounting fraud charges for $180M
The company made up more than $300 million in fake retail sales. Original Article Posted at : https://www.accountingtoday.com/news/luckin-settles-sec-accounting-fraud-charges-for-180m
Read MoreProgressives face headwinds in drive for tax hikes
Among other things, an evenly divided Senate represents a significant hurdle. Original Article Posted at : https://www.accountingtoday.com/articles/progressives-face-headwinds-in-drive-for-tax-hikes
Read MoreArkansas Lieutenant Governor Looks to Eliminate Income Tax
Arkansas Lieutenant Governor Tim Griffin (R) recently announced his goal for the state to eliminate its income tax. He did not outline any specific plan but indicated that this would be a long-term process with the “conversation begin[ning] today” to make sure tax-related decisions would be made with this goal in mind. Lt. Governor Griffin’s…
Read MoreRich states uncover tax windfall
The unexpected revenue may undercut their push for federal aid to deal with the pandemic. Original Article Posted at : https://www.accountingtoday.com/articles/rich-states-uncover-tax-windfall
Read MoreAccounting firm settles FDIC claims tied to Chicago bank’s failure
Bansley & Kiener, without admitting wrongdoing, agreed to pay $2.5 million to address allegations that lax oversight contributed to the 2017 collapse of Washington Federal Bank for Savings. Original Article Posted at : https://www.accountingtoday.com/news/accounting-firms-settles-fdic-claims-tied-to-chicago-banks-failure
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