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President Donald Trump renewed his fight to prevent a New York grand jury from reviewing his tax filings, after the U.S. Supreme Court ruled he doesn’t have absolute immunity from state criminal investigations. Lawyers for Trump filed a new complaint on Monday raising objections to a subpoena sent by Manhattan District Attorney Cyrus Vance Jr. […]
Senate Republicans presented their $1 trillion plan to bolster the pandemic-ravaged U.S. economy in a series of bills that would trim extra unemployment benefits, send $1,200 payments to most Americans, and shield businesses, schools and other organizations from lawsuits stemming from coronavirus infections. The $1 trillion package was pulled together after days of negotiations between […]
The 160 million Americans who got stimulus checks earlier this year would get another payment as soon as next month under a plan being negotiated by Treasury Secretary Steven Mnuchin and Senate Majority Leader Mitch McConnell. “Our proposal is the exact same provision as last time,” Mnuchin told reporters Thursday as he and congressional Republicans […]
Senate Majority Leader Mitch McConnell waited until a key component of U.S. coronavirus aid was about to expire before drafting the Republican version of the next major relief bill, a decision that is increasingly looking like a significant miscalculation. Soaring numbers of virus cases, rising jobless claims and President Donald Trump’s slumping poll numbers have […]
AccountingGo has released its free accounting software platform in several major U.S. cities. AccountingGo works by providing a free directory of young accounting and advisory firms, with the idea that they provide more personal, affordable services. The company focuses on firms less than three years old and provides search filter options such as location, specialty […]
Tax software provider Sovos has acquired Keane’s unclaimed property consulting services and reporting technology. This is the fourth buy for Sovos this year, making 2020 its most acquisitive year. As states turn to services like the Keane Unclaimed Property system to recoup losses during the COVID-19 pandemic, Sovos continues to position itself for the post-pandemic […]
If you have clients who own more than one business, how they structure those companies can affect them from the legal and tax perspectives. As an accounting professional, you will likely be the person they’ll talk with to understand the tax implications. It also will be helpful for them to speak with an attorney for […]
Weaver appoints COO; Armanino introduces return-to-work solution suite; and more CPA news.
The American Institute of CPAs announced the recipients of its fifth annual Standing Ovation award, given to CPAs age 40 and under. Recipients were honored during the ongoing AICPA Engage 2020 conference. Eleven CPAs were recognized in all, representing the personal finance and information technology sectors. “Financial planning and technology advisory services are two areas […]
Deloitte is helping more of its clients leverage blockchain technology as it sees the distributed ledger technology gain increasing usage after years of experimentation with the technology. “We were in an ideation phase with blockchain, which was a really long phase,” said Amy Steele, a partner at Deloitte who leads audit initiatives for Deloitte’s digital […]
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