High Quality Work…Great Customer Service.
Hedge fund and private equity managers in Connecticut may have more to like about the state’s novel workaround for a new cap on state and local tax deductions. Not only do those who live and work in the state get a break on their property taxes, they can also shave the tax bill for their […]
A survey commissioned by the Republican National Committee has led the party to a glum conclusion regarding President Donald Trump’s signature legislative achievement: Voters overwhelmingly believe his tax overhaul helps the wealthy instead of average Americans. By a 2-to-1 margin — 61 percent to 30 percent — respondents said the law benefits “large corporations and […]
In its 2017 Hype Cycle for Emerging Technologies, Gartner estimates it will take five to 10 years before there’s mainstream adoption of blockchain. However, major players in the financial services industry are already seeing benefits from the technology, using blockchain as a game-changing “trust protocol” for financial transactions and keep pace with regulatory processes. In […]
Bloomberg Tax has introduced a leased assets application to help organizations comply with the Financial Accounting Standards Board’s new leasing standard. Bloomberg Tax Leased Assets categorizes and tracks operating and finance leases across different years, calculates the right-of-use asset and lease liability amounts, automates workflow, and integrates with enterprise resource planning systems. FASB’s lease accounting […]
The Maryland Association of CPAs announced on Friday that four female leaders have been named their 2018 “Women to Watch.” Launched by the American Institute of CPAs in 2014, the awards recognize experienced and rising women in the profession who have exhibited successful leadership over the last year. “We are incredibly proud of this year’s […]
The Internal Revenue Service is allowing people to continue to deduct employer payments or reimbursements for employee moving expenses, as long as they happened before this year, although the Tax Cuts and Jobs Act will change that for this year and going forward. The IRS said Friday that employer payments or reimbursements in 2018 for […]
FloQast, a provider of close management software, is eyeing the problems with the new revenue recognition standard, especially for privately held technology companies like itself. “We just got done restating our revenue recognition within the last three weeks,” said FloQast CEO Mike Whitmire during a meeting last week at Accounting Today’s offices. “We got through […]
Investors with holdings in Alternative Minimum Tax-free funds saw positive returns over the past five years. Now, however, changes under the Tax Cuts and Jobs Act are expected to put a damper on those figures. With the enactment of the TCJA, the income threshold for AMT eligibility is expected to reach a smaller pool of […]
The Institute of Internal Auditors and the International Federation of Accountants have released a new report on how auditors and accountants can help with corporate governance strategies. The report, “United, Connected and Aligned – How the Distinct Roles of Internal Audit and the Finance Function Drive Good Governance,” provides advice from 11 governance experts and […]
Boomer Consulting has joined forces with the Business Learning Institute, a strategic learning partner and talent management consultancy, to develop the Anticipatory Accelerator, a two-day workshop to help accounting firms identify client opportunities. The Anticipatory Accelerator will help accountants use strategic foresight to identify trends and related client service opportunities. “In a world of exponential […]
Powered by WordPress. AwesomeOne theme by Flythemes