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A properly designed and implemented construction tax planning analysis will proactively identify tax savings related to new and planned construction projects. A construction tax planning analysis should not be confused with a cost segregation analysis. A cost segregation analysis will methodically review property, plant and equipment and properly reclassify real property into personal property and […]
Top 100 Firm Marcum announced this week that they will hold their second annual Marcum Women’s Forum in New York City on October 27th. Chelsea Clinton is set be the featured speaker for the breakfast event that looks to discuss topics relating to female leadership in the workplace. This year’s theme will be “Women Having […]
The latest iteration of the GOP effort to repeal and replace the Affordable Care Act, released this morning by Sen. Mitch McConnell, R-Ky., includes provisions designed to win over both conservative and centrist GOP members of the Senate. The first version of the Senate legislative draft, released last month, was pulled before a vote was […]
The Financial Accounting Standards Board has released an accounting standard update aimed at simplifying the accounting for financial instruments that have so-called “down round” features. A down round is a provision or embedded feature in an equity-linked financial instrument that provides a downward adjustment to the current exercise price, based on the price of future […]
Cloud technology had truly arrived in the accounting profession. Now that it’s here to stay, we can delve deeper into its capabilities. So, how can the cloud create better auditing engagements? We are now seeing the far-reaching effects of the cloud in all areas of a practice: Advisory services, tax and audit. As accounting platforms […]
Top 100 Firm Anchin announced this week that they have donated $10,000 to food bank City Harvest and its “Skip Lunch Fight Hunger” campaign. The donation, a firm record, qualified Anchin as one of the top 25 teams donating to the campaign. Greg Wank, Anchin’s food beverage practice group leader, presented the check to City […]
Sen. Elizabeth Warren, D-Mass., and three other Senate Democrats are asking the Federal Trade Commission for a government review of the private companies that been contracted by the Internal Revenue Service to help collect overdue tax debts. Warren, along with Sen. Cory Booker, D-N.J., Benjamin Cardin, D-Md., and Sherrod Brown, D-Ohio, wrote a letter Monday […]
Tax accountants and tax attorneys have many skills in common, and clients can often choose one or the other for audit representation. In many situations, the combination of both an accountant and a tax attorney can pack a particularly powerful punch. This is particularly so in the typical unagreed income tax audit, which occurs when […]
When accounting firms and other professional services firms submit their monthly bills, there’s often some sticker shock experienced by clients. Billable hours can add up fast, and unfortunately in some cases there is overbilling of clients either due to procedural error or malfeasance. The penalties for overbilling are severe. For example, Barclays recently settled with […]
Lyft, a car ride share company, has integrated seven new expense management software options with its platform so business travelers can use any one of eight different options to manage their Lyft receipts. Joining Concur, which Lyft has been using since 2015, are Expensify, ChromeRiver, Certify, Nexonia, Zoho, Abacus and Xpenditure. Users of these expense […]
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