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EY U.S. has partnered with LeaseAccelerator to provide a new lease accounting and contract management service offering for organizations of any size. The new service from EY will leverage LeaseAccelerator’s accounting and lifecycle management software to provide customers with a managed service capable of filling needs globally. The U.S.-based alliance will also be active in […]
Russell Golden, who just completed his term chairing the Financial Accounting Standards Board at the end of June, will be chairing a newly formed independent Assurance Quality Advisory Committee at PricewaterhouseCoopers. The other members named Friday to the committee are Joanne Wakim, who previously served as the chief accountant of the Federal Reserve Board’s Division […]
As their burden during the coronavirus pandemic continues, hospital organizations that must meet the Community Health Needs Assessments requirements now have an extra five months to conduct the assessment. The July 15 deadline for conducting a CHNA and adopting an implementation strategy to meet the needs identified through the assessment has been extended by the […]
The majority of states are considering a company to have tax nexus if just a single employee is telecommuting from their state, according to a new survey, which could have wide implications for businesses as more of their employees work from home during the COVID-19 pandemic. The research, from Bloomberg Tax Accounting, found that 36 […]
ADP has introduced Simplified 5500 Compliance Reporting Process, the second phase of its enhanced Compliance Dashboard for streamlining the Form 5500 reporting requirements for employee benefit plans. The product aims to simplify compliance reporting for companies as they deal with the strains of the coronavirus pandemic. The Labor Department, the IRS and the Pension Benefit […]
The Internal Revenue Service and the Treasury Department released proposed drafts of redesigned partnership form schedules for tax year 2021 (filing season 2022) that aim to provide more clarity for partners on how to figure their U.S. income tax liability in terms of international tax reporting, including claiming the appropriate tax deductions and credits. The […]
Next round of relief — and infighting; challenges and pitfalls at the IRS; Biden’s ideas; and other highlights from our favorite tax bloggers. COVID operations Sikich (https://www.sikich.com/insights/): Reporting CARES funds. Wolters Kluwer (http://news.cchgroup.com/): The 11th blog in this ongoing series looks at the pandemic’s effect on non-retail businesses that now face sharper sales and use […]
Managing cash flow has become the top priority for financial professionals as their businesses have seen significant drops in cash flow, revenue and profits amid the COVID-19 pandemic, according to a new survey. The survey, by tax and accounting technology companies Avalara and Zuora, found that more than 50 percent of the 400 respondents cited […]
A group of five national tax authorities has been working together for the past two years on cooperating in the fight against tax crimes, with one man pleading guilty last week in Germany to fraud charges involving cryptocurrency. The Joint Chiefs of Global Tax Enforcement, or J5, is marking its two-year anniversary this week. The […]
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