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Month: August 2020

Tech news: A new screen privacy and document security platform

By Admin
|
August 31, 2020
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| Tax News And Info

Smart Eye Technology has released a security app for advanced, multilevel biometric security for any device. The app is available on both the Apple App Store and Google Play. When a user views a document on their phone in the Smart Eye app and someone comes into view of the screen, a warning sign pops […]

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Posted in Tax News And Info Tagged irs, tax news

Art of Accounting: Advising a client to sell or buy a business

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August 31, 2020
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| Tax News And Info

There are no undergraduate and very few graduate courses on advising clients that want to sell their business or who want to buy a business. When I started my career, there were no CPE courses either. I am trying to remember how I learned about mergers and acquisitions, and it seems that it was by […]

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Posted in Tax News And Info Tagged irs, tax news

The accountant’s secret to delivering effective virtual presentations

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August 31, 2020
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| Tax News And Info

The surge in remote work has quickly created demand for a new set of skills for accountants. Not only are accountants racing against an anonymous clock to be future-ready, but there’s also a push to check the box on communication agility. As accountants are thrust into the virtual spotlight due to the “new normal” fostered […]

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Posted in Tax News And Info Tagged irs, tax news

Completing your SOX compliance in a COVID-19 environment

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August 30, 2020
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| Tax News And Info

We are now in August 2020, and for calendar year-end organizations, two fiscal quarters have been completed under remote working conditions due to COVID-19. What we thought was a temporary pivot is now undoubtedly the reality for the remainder of 2020. Finance and accounting teams, among other departments, have had to innovate and adapt quickly […]

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Posted in Tax News And Info Tagged irs, tax news

M&A roundup: Mowery & Schoenfeld and Westberg Eischens expand

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August 30, 2020
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Mowery Schoenfeld is merging in Xamin, a provider of managed IT services, and Westberg Eischens has acquired Robert F. Danielowski’s accounting firm.

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Posted in Tax News And Info Tagged irs, tax news

Intuit 13% annual growth driven by strong TurboTax performance

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August 30, 2020
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| Tax News And Info

Intuit’s revenue for fiscal year 2020 is up 13 percent year over year, which maintains the rate of growth from the previous year. The company brought in $7.7 billion, up from $6.8 billion in FY 2019, the growth mainly fueled by TurboTax Online and TurboTax products. This year, the IRS extended the tax deadline from […]

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Posted in Tax News And Info Tagged irs, tax news

Finance pros adjust to digital reality and COVID

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August 29, 2020
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| Tax News And Info

Financial professionals, including accountants and company controllers, have needed to burnish their technology skills during the novel coronavirus pandemic as they work remotely with their colleagues and clients. A new report from the Institute of Management Accountants and Deloitte’s Center for Controllership is based on a survey of nearly 800 finance and accounting professionals conducted […]

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Posted in Tax News And Info Tagged irs, tax news

IRS says companies are responsible for deferred payroll taxes

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August 29, 2020
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The Internal Revenue Service said companies will be responsible for collecting and paying back any deferred payroll taxes under a directive by President Donald Trump aimed at helping workers while the administration and Democrats are stalemated on a stimulus deal. The agency issued guidance Friday that implements Trump’s order to delay the due date for […]

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Posted in Tax News And Info Tagged irs, tax news

Credit Suisse uncovers client fraud at wealth management

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August 29, 2020
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Credit Suisse Group AG is dealing with the fallout of a fraud at its international wealth management business, two years after it was criticized by a regulator in a similar case that rattled the bank and raised questions about controls. The Swiss lender dismissed a Zurich-based banker who forged documentation on an over-the-counter contract for […]

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Posted in Tax News And Info Tagged irs, tax news

People and firms on the move: BKD names next CEO

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August 28, 2020
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| Tax News And Info

Mauldin Jenkins adds five partners; KPMG, Crowe and CohnReznick release reports; and more CPA news.

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Posted in Tax News And Info Tagged irs, tax news
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