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The Securities and Exchange Commission charged KPMG LLP on Monday with changing some of its previous audit work after the Big Four firm received stolen information about inspections of the firm that would be conducted by the Public Company Accounting Oversight Board. The SEC’s order also found that a number of KPMG audit professionals cheated […]
Lori Roth was named managing partner for the Northeast region and partner Stuart Mayer (pictured) was named office managing partner of Prager Metis, New York. Michael Leigh was hired to lead the cyber and information security practice at Grassi Co., New York. Dominic Rovano, partner at Janover, received the 2019 Outstanding State-Wide Committee Chair Award […]
Photo: AICPA The American Institute of CPAs honored seven CPAs under the age of 40 with the Personal Financial Planning Standing Ovation awards at the AICPA Engage conference in Las Vegas: Rod Dooley, Dooley and Company, LLC, Lexington, S.C.; James Eaton, KatzAbosch, Timonium, Maryland; Lindsay Glassman, Landmark Wealth Management, Amherst, N.Y.; Sebrina Ivey, GHP Investment […]
Victims of storms in South Dakota and Arkansas may qualify for filing and other tax relief, according to the Internal Revenue Service. Bloomberg News Victims of the severe storms, tornadoes, straight-line winds, and flooding that began on March 13 South Dakota may qualify, with individuals and households who reside or have a business in Bennett, […]
Despite its dramatic power, data analytics isn’t an exciting concept for most people. The very term can cause eyes to glaze over and heads to swim. That changes the minute a business owner realizes how the secrets hidden within the data can improve profitability. Data drives an increasing number of business decisions in the digital […]
Not-for-profit organizations can fall prey to a “starvation cycle” in which their critical infrastructure and technology can be underfunded in relation to high program-related spending, especially if they don’t have the operating reserves needed to provide them with a financial safety net, according to a new report from BDO USA. The report from the Top […]
Multinational corporations got some long-awaited clarity from the IRS, which issued new rules on Friday clarifying how they must compute a new international tax. The rules explain how companies should calculate a complex new tax on GILTI, or global intangible low-taxed income. The regulations finalize previous proposals that give companies some leeway to allocate only […]
As professionals rely more and more on a business landscape shaped by technology, remote work and the virtual office are concepts that will only continue to grow, according to Jim Boomer. In his session on the realities of flexible work practices at the 2019 AIPCA Engage conference in Las Vegas, the CEO of Boomer Consulting […]
If liberal and conservative advocacy groups can agree on anything, it’s this: A suite of more than three dozen or so corporate tax breaks that have expired over the past two years should stay dead. Even so, there’s a bipartisan push among some lawmakers to renew them — even if that push will likely fail. […]
The Trump administration is deep in talks with 129 other countries on implementing a new standard for taxing digital companies, including Alphabet Inc.’s Google, Facebook Inc. and Amazon.com Inc. —- but its heart lies elsewhere in the discussions. Rather than usher in with allies a new era of tech taxation, the U.S. goal is to […]
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