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Shaji Varghese (pictured) was hired as an audit partner and Brandon Baker as a tax principal in the Philadelphia office of Friedman. Laurie Peer, president of RKL Wealth Management, a subsidiary of RKL, Wyomissing, was named one of the Girl Scouts of Eastern Pennsylvania’s 2019 “Take the Lead Berks County” award recipients, honoring the work […]
In a much-anticipated move, the California Department of Tax and Fee Administration announced last week that out-of-state retailers who sell above certain thresholds will have to start collecting California use taxes on their sales into the state, starting April 1, 2019. Since the landmark Supreme Court decision in South Dakota v. Wayfair last finding that […]
BlumShapiro, West Hartford, received the inaugural Healthiest Employers Award from the Hartford Business Journal, recognizing the firm’s dedication to employee health, safety and wellness programs. Dawn Brolin, CEO of Powerful Accounting, launched FightAgainstFraud.com, an online fraud prevention platform and mentoring community designed for accounting professionals.
The IRS will raise most 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. On Jan. 1, the rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents/mile driven for business use, up 3.5 cents […]
General Electric Co. opened the door to replacing KPMG as its auditor, potentially ending a relationship that goes back more than a century, after high-profile financial stumbles spurred the manufacturer’s share collapse. The board will hold a competition for the auditor position, GE said in a statement Friday. The appointment date will be based on […]
The National Association State Boards of Accountancy has appointed Janice Gray, of Norman, Okla., chair of its 2018-19 board of directors. NASBA made the announcement during its 111th annual meeting in Scottsdale, Ariz., where the association also introduced its full roster of newly elected board members. Janice L. Gray During her inaugural address, Gray discussed […]
The Public Company Accounting Oversight Board has named Megan Zietsman as its new chief auditor and director of professional standards, to assume the role in early 2019. As chief auditor, Zietsman will lead the PCAOB’s efforts to set and interpret standards for the audits of domestic and foreign public companies that have securities traded in […]
Online billing software provider Chargify announced it has acquired ProRata, a SaaS-focused reporting and analytics platform that automates ASC 606 and IFRS 15 compliant recognition. The deal will bolster Chargify customers’ ability to comply with the new revenue recognition standards that go into effect in 2019. ProRata, which provides revenue recognition integration for QuickBooks and […]
The Global Reporting Initiative released a draft reporting standard Thursday on taxes and government payments by companies in an effort to provide more transparency around corporate tax practices. The proposal comes in the wake of a number of international tax-related scandals, including the release of the Panama Papers and Paradise Papers, leading to greater demand […]
The Internal Revenue Service issued a set of proposed regulations Thursday on the base erosion and anti-abuse tax, or BEAT, for multinational companies that was included in the Tax Cuts and Jobs Act. Image: Bloomberg News Last December’s tax overhaul added section 59A to the tax code, but the hastily written provisions have perplexed many […]
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