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(Bloomberg) President Donald Trump took executive action Thursday to give churches and religious groups greater leeway to engage in politics without risking their tax-exempt status. “We are giving our churches their voices back,” Trump said in a Rose Garden ceremony to announce the action that included clergy and religious leaders in the audience. “No one […]
(Bloomberg) The U.S. Senate confirmed lawyer Jay Clayton to run the Securities and Exchange commission, President Donald Trump’s first major Wall Street regulator to take office as the administration pushes to roll back financial regulations. Clayton, a partner at Sullivan Cromwell whose clients included Goldman Sachs Group Inc., won approval Tuesday in a 61 to […]
Private sector employers added 177,000 jobs in April, according to payroll giant ADP, in a sign that the hiring pace is slowing somewhat from last year. ADP also revised downward its job growth figures for March from 263,000 to 255,000. “In April we saw a moderate slowdown from the strong pace of hiring in the […]
Change is hard — but organizations need to embrace change or risk falling behind the innovation curve. Start by taking a closer look at your most important business processes. SAP provides one of the most commonly used ERP (enterprise resource planning) platforms, and the German company’s tool provides powerful workflow management for key business processes […]
(Bloomberg) President Donald Trump offered corporate America a sweeping tax vision whose ultimate promise of lower rates and more global competitiveness depends on one thing: longevity. Given the plan’s uncertain costs, longevity may be one thing the proposal can’t deliver. The tax plan released Wednesday by top economic adviser Gary Cohn and Treasury Secretary Steven […]
In late October 2012, Superstorm Sandy devastated much of the U.S. Northeastern coastline, including my Long Island neighborhood. In addition to the immediate destruction caused by high winds and flooding, power was out in much of the area for days. The utility crew that finally arrived on my street was from Wisconsin, one of many […]
WithumSmith+Brown has combined practices with the IT consulting firm Portal Solutions, expanding Withum’s array of digital services, effective May 1. The deal will also add two partners and 31 other team members to Withum, along with Portal Solutions’ two offices, in Bethesda, Maryland, and Woburn, Massachusetts. Withum has 14 offices and 900 staff members. Financial […]
Marcum LLP has merged in Meyers, Harrison Pia LLC and Meyers, Harrison Pia Valuation and Litigation Support, LLC, adding 55 partners and staff in New Haven, Conn., and Portland, Maine, to the Top 100 firm. MHP dates back to 1954 and specializes in business valuation, forensic accounting and litigation support services. The firm’s partners frequently […]
With the continued growth of the sharing economy, millions of Americans are utilizing services offered by companies such as Uber and Airbnb, and states are struggling to apply their existing tax laws to transactions for these and other new technologies. This is evidenced in Bloomberg BNA’s 2017 Survey of State Tax Departments, which shows only […]
The Securities and Exchange Commission has charged two former executives at the government contractor L3 Technologies with accounting-related violations. The SEC’s Enforcement Division alleged that David Pruitt, a former vice president of finance at L3’s Army Sustainment Division, bypassed the company’s internal accounting controls, causing L3 to improperly recognize $17.9 million in revenue from a […]
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