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New Jersey Governor Phil Murphy signed legislation to let homeowners declare property taxes as charitable donations deductible on their annual Internal Revenue Service filings. The measure is a response to the law signed by President Donald Trump that lowered state and local tax deductions to $10,000, a pittance in New Jersey, which has the nation’s […]
The Institute of Internal Auditors released a new report Monday during its international conference in Dubai about the main risks facing chief audit executives. The report, Top Risks Faced by Chief Audit Executives, discusses the top five risks faced by chief audit executives: talent management, data analytics, cyber, regulations, and responding to disruption. The report […]
An Ernst Young Global Limited partner who claimed she was groped by a colleague in front of other employees at Walt Disney World Resort has reached a settlement with the company. Jessica Casucci agreed to leave the company as part of a “fair and equitable confidential settlement,” her attorney Michael Willemin said in a statement. […]
The U.S. House chaplain who Speaker Paul Ryan tried to dismiss rescinded his resignation Thursday, and the lame-duck speaker said he’ll let the chaplain stay, seeking to head off controversy just months before a difficult midterm election for Republicans. Catholic priest Patrick Conroy defended his seven-year tenure as chaplain in a letter to Ryan, saying […]
AppZen, which makes artificial intelligence solutions for back office automation, has been named a new partner in Coupa Software’s CoupaLink program. Under the program, technology partners create software that integrates with Coupa’s business spend management solution. AppZen’s partnership with Coupa is designed to improve audits by facilitating travel and expense compliance, and fraud detection. AppZen’s […]
A Tennessee law enacted last month that specifically cuts taxes for publicly traded investment firms will benefit AllianceBernstein Holding LP in its move to Nashville from New York City. It’s unclear whether the firm sought the tax break. No Tennessee companies qualified when the state legislature considered it in February. Governor Bill Haslam signed the […]
A new study by the International Federation of Accountants has found high rates of adoption of international accounting standards in areas such as auditing and ethics. IFAC surveyed 104 of its member organizations in 80 jurisdictions around the world for its International Standards: 2017 Global Status Report. It found 79 percent of the jurisdictions (that […]
With trillions in corporate cash expected to be deemed repatriated under the Tax Cuts and Jobs Act, Thomson Reuters Checkpoint Catalyst has published an analysis of the act’s transition tax on deferred foreign earnings by multinational companies. The recent tax reform law includes a one-time transition tax on undistributed and not previously taxed foreign earnings […]
Marjorie Jones trusted the man who called to tell her she’d won a sweepstakes prize, saying she could collect the winnings once she paid the taxes and fees. After she wired the first payment, he and other callers kept adding conditions to convince her to send more money. As the scheme progressed, Jones, who was […]
The Illinois CPA Society has announced the recipients of its annual Excel Awards, highlighting those in the state with highest achievements on the 2017 CPA Exam. Excel Awards winners must have a combined average score of 90 percent or higher on all exam sections within two consecutive testing windows, in addition to placing in the […]
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