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If you’re reading this, you’ve probably already bought into the whole idea that reading is a useful activity. It is, after all, a supremely effective way to find out which end is up, whether a cup contains a hot beverage, and what, exactly, the IRS expects you to do about Section 199a. Summer reading for […]
The Financial Accounting Standards Board is aiming to clarify the interaction between two of its accounting standards: the standard on recognition and measurement of financial instruments and the standard on equity method investments. FASB issued a proposed accounting standards update Tuesday after hearing questions from some of its stakeholders about how the two standards worked […]
Financial executives in the U.S. and Canada are having trouble finding skilled professionals who can handle both financial and data management, according to a new report. The report, from the Financial Education Research Foundation, a nonprofit research affiliate of Financial Executives International, and the global staffing firm Robert Half found that while 78 percent of […]
In the aftermath of the Supreme Court decision in Wayfair, the question that many asked was, “How far can states go in taxing entities with a tenuous connection to the state?” Now, the high court has given a partial answer in its Kaestner decision: “Not this far!” The court decided unanimously in favor of the […]
When it comes to corporate transparency, the United States is at a crossroads. To one side is maintaining the status quo, with a patchy reporting landscape for environmental, social and governance (ESG) information. On the other side is an opportunity to take action to create an ESG disclosure system that provides consistency and delivers quality […]
The American Institute of CPAs sent a set of recommendations to the Internal Revenue Service on the application of excise taxes to donor-advised funds. DAFs have become an increasingly prevalent way for philanthropists to give funds to charities, as an alternative to private foundations. Donors can claim tax deductions the following year, but recommend specific […]
Secretary of Education Betsy DeVos is calling on Congress to allow the Internal Revenue Service to give the Department of Education information on the income of student loan borrowers, warning that student loan applicants are misrepresenting their income and family size to qualify for reduced payment plans. She urged a comprehensive review of income verification […]
MJJ Houston-based firm McConnell Jones has announced a partnership with the Boys Girls Club of America to support young people in local communities. From July 22 through August 2, 2019, MJ staff members will participate in the firm’s first annual School Supply Drive, benefiting local BGCA Clubs across communities in Houston, Dallas, Austin and Washington, […]
Derek Marks, Kristen Robillard and Emilie Wuerch (pictured) were promoted to senior accountant, and Kathy Strobele to senior accounting services specialist, at Lumsden McCormick, Buffalo. Gary Berger was hired as a partner and assurance, financial services industry leader, Northeast region, and Joshua Blumenthal was hired as a partner, assurance, at CohnReznick, New York. Dr. Stavros […]
Courtesy of Grant Thornton Grant Thornton, Chicago, formed an alliance with Ephesoft, a provider of enterprise content capture and data discovery solutions, to offer those solutions to clients to assist in managing unstructured data. In other firm news (see full story here), Grant Thornton announced it has audited more than $10 billion in crypto assets […]
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