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Month: September 2020

PKF O’Connor Davies merges in Albrecht, Viggiano, Zureck & Co.

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September 23, 2020
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| Tax News And Info

PKF O’Connor Davies, a Top 100 Firm based in New York, has added Albrecht, Viggiano, Zureck Company, P.C., a CPA firm in Hauppauge, New York, expanding its presence on Long Island. AVZ is led by a pair of co-managing partners, Joseph Ferreira and Jeffrey Davoli. The deal adds nine partners and 45 staff to PKF […]

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Posted in Tax News And Info Tagged irs, tax news

CEOs notch win as SEC adds hurdles for shareholder campaigns

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September 23, 2020
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U.S. companies notched a big Trump-era win Wednesday as regulators made it harder for small-time shareholders to put forth proposals aimed at cracking down on excessive pay, climate change and other corporate governance concerns. The Securities and Exchange Commission rules overhaul follows years of C-suite complaints that proxy regulations are outdated and play into the […]

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Posted in Tax News And Info Tagged irs, tax news

Colorado model ordinance aims to simplify online sales tax

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September 23, 2020
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Recently, the Colorado Municipal League in tandem with businesses and the state’s Department of Revenue created a model ordinance on economic nexus and marketplace facilitator laws to help simplify sales tax within the state. Localities that adopt it will align with the state’s economic nexus threshold for their local taxes. Colorado has historically had self-collected […]

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Posted in Tax News And Info Tagged irs, tax news

VSCPA forms diversity council

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September 22, 2020
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The Virginia Society of CPAs has announced the launch of the VSCPA Diversity, Equity and Inclusion Advisory Council in order to “provide expertise and strategic guidance to [its] members and industry leaders regarding diversity, equity and inclusion.” The 19-member council features a diverse group of society members and leaders from different organizations throughout the state. […]

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Posted in Tax News And Info Tagged irs, tax news

39 states lack the money to pay bills for COVID-19

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September 22, 2020
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At least 39 states did not have enough money to pay all of their bills at the end of 2019, leaving them ill-prepared to shoulder the costs of the novel coronavirus pandemic, according to a new report. The report, from Truth in Accounting, a think tank that analyzes government financial reporting, found the majority of […]

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Posted in Tax News And Info Tagged irs, tax news

New Jersey, California dodge worst of tax crisis in ‘weird recession’

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September 22, 2020
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State tax revenues in some parts of the U.S. are rebounding as the economy emerges from the coronavirus lockdown, a positive sign for governors and mayors who had been bracing for the biggest fiscal crisis in decades. August sales-tax receipts in hard-hit New Jersey rose 3 percent from a year earlier and nonpartisan legislative analysts […]

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Posted in Tax News And Info Tagged irs, tax news

Companies making more disclosures about audit committees this year

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September 21, 2020
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Audit committees are disclosing more information about their auditors and audits this year, although the COVID-19 pandemic doesn’t seem to be having an impact on such disclosures, according to a new report from Big Four firm Ernst Young. The EY Center for Board Matters released an annual report on audit committee reports to shareholders. The […]

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IRS finalizes 100% bonus depreciation rules

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September 21, 2020
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The Internal Revenue Service and the Treasury Department issued the last set of final regulations Monday to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act, enabling companies to write off the cost of most depreciable business assets in the year they are put in service. The 100 percent […]

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Posted in Tax News And Info Tagged irs, tax news

Investors call for climate disclosures in company accounts

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September 21, 2020
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Climate change will have a major effect on companies’ profits and the value of their assets, so its impact should be reflected in their accounts. That’s the conclusion of investors managing more than $100 trillion. The money managers and pension funds want companies to publish their 2020 annual reports in line with guidance from the […]

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Posted in Tax News And Info Tagged irs, tax news

Mauldin & Jenkins adds Plush Smith

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September 20, 2020
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Mauldin Jenkins, a Top 100 Firm based in Atlanta, has acquired Plush Smith P.A., a firm in Sarasota, Florida, expanding MJ’s presence in the Southeast. The Sarasota office will be the firm’s ninth office in the region. Mauldin Jenkins also has an office in Bradenton, Florida, along with other locations in its home state of […]

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Posted in Tax News And Info Tagged irs, tax news
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