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BDO USA LLP has united several of its technology consulting practices under a new BDO Digital business. The new digital advisory business is focusing on services such as data governance, cybersecurity, data privacy, data analytics, IT outsourcing, application development, cloud deployment, IT managed services and a variety of others, according to Stephanie Giammarco, a partner […]
Carr, Riggs Ingram has merged in Crabtree, Rowe Berger; and EisnerAmper has added Horvath Giacin.
The U.S., the United Kingdom, Canada, Australia and the Netherlands undertook a global day of action to stem offshore tax evasion this week. The action was part of investigations into a financial institution in Central America whose products and services are believed to be facilitating money laundering and tax evasion worldwide. The “day of action” […]
Perfect mess; package deal; bad medicine; and other highlights of recent tax cases. Gulfport, Mississippi: Former preparer Alvin Mays has pleaded guilty to aiding and assisting in the preparation of false returns. Mays owned and operated City Tax Service and from 2012 through 2017 prepared and trained employees to prepare false returns. To fraudulently inflate […]
Federal civil tax lawsuits have fallen by more than half over the past decade, according to a new analysis. The latest available data from the federal courts indicates that during the first quarter of fiscal year 2020 (Oct. 2019 – Dec. 2019), the government reported 158 new civil filings of federal tax lawsuits. According to […]
Global TaxUpdate, a Lisbon, Portugal-based global tax information provider, has introduced GTU OnDemand, an e-commerce service that provides access to an online store of translated tax legislation. Global TaxUpdate originates from TaxUpdate, a Brazil-based organization with nearly 15 years of experience providing tax information for Brazilian companies. GTU employs a team of linguists and senior […]
Grant Thornton LLP has introduced its new iNDIRECT.360 system to help companies manage their indirect tax processes and data needs. The system handles sales tax, property tax, business licenses, exemption certificate management, consulting and automation of the indirect tax function, using workflow technology. iNDIRECT.360 employs proprietary Grant Thornton technology to import and process raw client […]
FloQast, which makes financial close software, has raised $40 million in Series C funding, earmarked for customer expansion and tech development. This round of funding brings the total FloQast has raised to approximately $72.9 million. According to CEO Michael Whitmire, the long term goal for FloQast is an IPO: “We’re not building a company to […]
Popular forms’ deadlines; sharper eye on S corps; when restitution has mattered; and other highlights from our favorite tax bloggers. The coming grind Intuit ProConnect (http://taxprocenter.proconnect.intuit.com/): Timely opening of the week: “No matter how much they like preparing taxes, they are probably not looking forward to the long hours, increased workload and the lack of […]
The American Institute of CPAs’ Financial Reporting Executive Committee has proposed several working drafts of its guidance on the long-duration insurance accounting standard for insurance companies. The Financial Accounting Standards Board has a new accounting standard on long-duration insurance contracts that makes targeted improvements to the existing recognition, measurement, presentation and disclosure requirements for long-term […]
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