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With the pandemic seemingly presenting fresh challenges every day, it can be easy for accounting firms and their leaders to focus on the tactical and the immediate: How do we get everyone up and running virtually? How do we manage a suddenly remote workforce? What do we have to change in our offices to reopen […]
The deadline has been extended for submissions to Accounting Today’s VAR 100 ranking of the top value-added resellers of accounting and accounting-related software by revenue. We are now accepting submissions for our 2020 rankings. To submit an application, please fill out the form at this link. The deadline for submissions has been extended until June […]
The U.K.’s accounting watchdog reprimanded KPMG after the firm admitted shortcomings in three years of work for a client, which had to restate its distributable reserves twice. The Financial Reporting Council said the accounting firm admitted problems in its reserves audits of Foresight 4 VCT plc, and ordered KPMG to check compliance with revised audit […]
A backlash is growing among regulators and participants in the junk-bond market against the new accounting practices of the pandemic that obscure the virus’s impact on businesses. Moody’s Investors Service is the latest organization to speak out against a financial contortion known as earnings before interest, taxes, depreciation, amortization and coronavirus — or EBITDAC, as […]
Abdo, Eick Meyers launches a technology and data solutions services group; LBMC adds five shareholders; and more CPA news.
The COVID-19 pandemic has created unprecedented uncertainty, and businesses across all industries have felt, or will likely feel, the related financial strains and pressures. With customers confined to their homes under mandatory orders to shelter in place, and nonessential businesses closed for the foreseeable future, many corporate executives will be pondering their companies’ ability to […]
Prager Metis CPAs expanded in New Jersey by combining with William J. Keephart, CPA PA; and KLR Executive Search Group merged in Next Exec.
The Internal Revenue Service is giving investors in opportunity zone funds relief from some of the requirements in the controversial program because of the COVID-19 pandemic. Opportunity zones were ushered in by the Tax Cuts and Jobs Act of 2017 and provide substantial tax breaks to investors who develop projects in economically distressed communities, in […]
The Internal Revenue Service is warning taxpayers and tax professionals once again to beware of tax fraud and other related financial scams related to the COVID-19 pandemic. In recent months, the IRS’s Criminal Investigation unit has noticed various scams related to economic impact payment and other financial schemes attempting to take advantage of unwary taxpayers. […]
The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic. While the IRS is continuing to reopen more of its offices and facilities, the notices will be delivered to taxpayers […]
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