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Employment increased by 245,000 jobs in November, the U.S. Bureau of Labor Statistics reported Friday, marking the slowest month of job growth since the spring and far less than the 610,000 jobs added in October and the 711,000 added in September. Job losses occurred in accounting and bookkeeping and other sectors amid the ravages of […]
Becoming a CPA is no easy task. Each state has its own strict requirements for becoming one, and passing the CPA Exam is one of the most difficult tasks you will encounter on your journey to becoming a CPA. However, this isn’t meant to deter you. Knowing what you’re up against is extremely important, as […]
PCAOB rebrands and redesigns website; CohnReznick promotes six to partner; and more CPA news.
Wolters Kluwer Tax Accounting has added new features to its TeamMate Analytics software, which is used by external and internal auditors and accounting firms. New features include enhancements to the Expert Analyzer designed to enable auditors to append data to combine multiple data files together; new tools that facilitate mining and analyzing the make-up of […]
With the holidays, inboxes will be increasingly filled with out of office (OOO) auto replies. Some are short and sweet. Some are terse. Some are jovial. Some are lengthy and confessional. But most people who set their inboxes to OOO don’t put much time into what they’re conveying to the outside. They should. And so […]
Accountants can build the kinds of skills needed to stay relevant in a rapidly automating world that’s increasingly taking advantage of technologies such as robotic process automation and artificial intelligence to handle routine financial tasks, according to Institute of Management Accountants president and CEO Jeff Thomson. “It is a bit of a race where technology […]
The American Institute of CPAs has joined over 560 business and trade organizations in urging Congress to pass legislation to allow companies that have received forgiveness on their Paycheck Protection Program loans to be able to deduct expenses from their taxes. The AICPA is objecting to recent guidance from the Internal Revenue Service and the […]
New York, New Jersey, Connecticut and Maryland faced skeptical questioning from a panel of federal judges considering whether to revive a lawsuit that challenges a U.S. cap on individual deductions for state and local taxes. At the behest of the Trump administration, a tax overhaul passed by Congress in 2017 set the maximum deduction for […]
As part of this year’s Top 100 Most Influential People survey, Accounting Today asked, “What do you hope your legacy will be?” The full responses of all the candidates are below. I would like to be remembered as a leader who put the customer at the center of everything and worked hard to solve their […]
Busted; ‘an undercover agent or anything;’ dastardly deeds; and other highlights of recent tax cases. Milwaukee: Health care exec Latoya N. Joseph has been sentenced to eight months in prison and six months of home confinement for tax evasion. Joseph was owner and operator of Jannah Home Health Care, which provided personal care primarily to […]
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