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There’s always tomorrow; having class; medical marijuana; and other highlights from our favorite tax bloggers. Sudden impacts Tax Vox (http://www.taxpolicycenter.org/taxvox): Headline for our times: “Congress and President Trump Are Spending Money and Cutting Taxes Like There Is No Tomorrow.” So, is there? Intuit Proconnect (http://taxprocenter.proconnect.intuit.com/): Ah, the mushrooming phenom and well-worn job place debate continues: […]
Accounting Today has announced its 2018 Best Accounting Firms to Work For. The annual survey and awards program, which is conducted in partnership with Best Companies Group, is designed to identify, recognize and honor the best employers in the accounting profession. The list is made up of 100 firms (in alphabetical order and unranked): Allen, […]
Blockchain might be the most buzzworthy word in accounting today, if its prominence at the Accounting and Finance Show L.A. last week is any indication. Multiple sessions covered the emerging technology, with one keynote speaker, Robert Massey, a partner at Deloitte, giving a primer on the hot topic. “Blockchain is one of the most significant […]
The Financial Accounting Standards Board issued an accounting standards update Monday to reduce cost and ease implementation of the leases standard for financial statement preparers. The accounting standards update (ASU) simplifies transition requirements. For lessors, it also provides a practical expedient for the separation of non-lease components from lease components. The update also provides: an […]
Oh, Momma; investments and deductions; against the wall; and other highlights of recent tax cases. Dallas: Preparer Shannon Tecoko Mays, 40, has been sentenced to prison for federal tax violations and failure to appear for his trial on that charge in early 2015. Mays received 180 months in prison, of which 162 months were for […]
Sean Taylor was appointed managing partner at Smith Howard, Atlanta, effective Jan. 1, 2019. Taylor, as part of the firm’s leadership transition plan, assumes the role from long-time manaing partner John Lucht, who will transition to a consultative role in 2019. Nina Daigle (pictured) and Lindsey Pierce were promoted to partner at Antares Group, Conyers, […]
The Internal Revenue Service and the Treasury have been working their way through the many, many ramifications of last December’s Tax Cuts and Jobs Act. Early in the year they offered updated withholding tables so taxpayers could take advantage of some of the tax reform changes, while more recently they released a draft of a […]
Mazars USA Mazars USA, New York, held its fourth annual Days of Service, with firm employees volunteering at local service organization. (Read the full story.) The Bonadio Group, Rochester, will celebrate its first Purpose Day on August 2 with hundreds of employees volunteering at 12 nonprofits in Albany, Buffalo, Rochester and Syracuse.
The Public Company Accounting Oversight Board has announced its 2018-19 merit-based scholarships, annually awarded to accounting students looking to pursue a career in audit. This year, the PCAOB has designated one $10,000 scholarship to be awarded to one student each at 332 colleges and universities across the country. The scholarships are made possible by the […]
Walgreens, CVS and ATT top the list of U.S. companies with the most operating lease liabilities that will need to be added to their balance sheets under the new leasing standard, according to a new report that ranks Fortune 1000 companies by their leasing obligations. The report, from LeaseAccelerator, a provider of lease accounting software, […]
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