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Steinhoff International Holdings NV pushed back the dates for the publication of audited earnings for 2017 and 2018 after the findings of a forensic probe by PwC made the process more time consuming and complex. The South African retailer, which almost collapsed amid an accounting scandal in late 2017, is working toward ensuring that all […]
If you’re like most people, once your firm’s website was in place, you went about your business without giving it another thought outside of telling prospective clients to “check out our site.” That’s fine for a while, but the exponential rate of technological change means that over time, if left unattended, your website becomes outdated. […]
The Institute of Internal Auditors wants more organizations to put in place anti-fraud controls and decide on the role that internal audit will play. In a new position paper, “Fraud and Internal Audit: Assurance Over Fraud Controls Fundamental to Success,” the IIA discusses the responsibilities of internal audit in preventing and detecting fraud at organizations. […]
Republican and Democratic lawmakers in the Senate and House have teamed up to introduce bipartisan legislation to expand tax-exempt cooperative organizations’ access to government grants and assistance, including rural broadband internet grants and FEMA disaster relief. Photographer: Alexey Stiop Sen. Rob Portman, R-Ohio, and Tina Smith, D-Minn., introduced the Revitalizing Underdeveloped Rural Areas and Lands […]
A bipartisan group of senators has introduced legislation to make permanent the Work Opportunity Tax Credit, a tax break that encourages companies to hire veterans, people with disabilities and other groups who face barriers to employment, before it expires at the end of the year. The Work Opportunity Tax Credit Jobs Act is sponsored by […]
While it may seem as if 2019 has just begun, the year is already well underway, bringing with it a new class of legislators and a set of issues — both new and old — that will be a focus at the federal, state and local levels. As a result, it can be challenging for […]
The Republican and Democratic leaders of the Senate Finance Committee, chairman Chuck Grassley, R-Iowa, and ranking member Ron Wyden, D-Ore., are asking the Internal Revenue Service to crack down on the people involved in the recent college admissions scandal. They noted that the parents of the prospective college students purported to make tax-deductible donations to […]
Zapped; drug deals; doing the deduction shuffle; and other highlights of recent tax cases. Baltimore: Former Police Commissioner Darryl De Sousa, 54, has been sentenced to 10 months in federal prison, followed by one year of supervised release, for three counts of failing to file individual federal tax returns. DeSousa was also ordered to perform […]
House Ways and Means Committee Chairman Richard Neal, D-Mass., submitted a formal request Wednesday to Internal Revenue Service Commissioner Charles Rettig asking for copies of President Trump’s individual and business tax returns going back to 2013. “Consistent with its authority, the committee is considering legislative proposals and conducting oversight related to our Federal tax laws, […]
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