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The International Financial Reporting Standards Foundation may present a proposal to the United Nations in November for setting up a global sustainability standards board. The IFRS Foundation, which oversees the International Accounting Standards Board, held a trustees meeting on Monday to discuss the feedback it received in response to a consultation paper it issued last […]
Coronavirus-related government policies and regulations that could affect business performance ranked as the top risk cited by board members and C-suite executives, according to a new survey. The annual survey, released Wednesday by the consulting firm Protiviti and North Carolina State University, ranks the top 10 risks seen by 1,081 business executives in different industries […]
EisnerAmper, a Top 20 Firm based in New York, has expanded in Texas by merging in Goldin Peiser Peiser, a firm headquartered in Dallas. GPP provides audit, tax and advisory services to clients in the health care, manufacturing, distribution, real estate, construction, and other sectors. The firm has been named the 20th largest CPA firm […]
The Public Company Accounting Oversight Board released its annual inspection reports Tuesday for the Big Four firms, along with eight other firms that are inspected each year. For PricewaterhouseCoopers, 18 of the 60 audits inspected in 2019 were included in a section of the report that spotlights significant deficiencies. For KPMG, 17 of the 58 […]
Fun and Gamestop; SECURE and taxable inheritances; over-communication; and other highlights from our favorite tax bloggers. That’s a big 1040 TaxPro Center (https://proconnect.intuit.com/taxprocenter/): February 2021 tax and compliance deadlines. Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): Size does matter. The bigger-is-better trend started in just the second year of tax reform, which was what prompted the overhaul […]
The Small Business Administration issued some preliminary guidance on how a new federal program to provide help to hard-hit playhouses, movie theaters, museums and other venues will work. The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act was part of the stimulus package passed by Congress in December, providing $15 billion in support […]
Most tax professionals found last season’s filing extension to July 15 helpful and want another this season, according to a recent survey from the National Association of Tax Professionals. Of the 589 respondents, 61.8 percent reported that they thought the July 15, 2020, filing extension for individual returns was positive for them as a practitioner, […]
The changes wrought by the pandemic in ecommerce and much more will play out in the sales tax arena across 2021, according to Avalara’s Liz Armbruester.
It seems like not a day goes by without news of networks being breached and data hacked. One of the most recent, the SolarWinds hack, led to breaches within multiple areas of our government, while individual ransomware attacks on vital parts of our economy, including entire towns and hospitals, are being reported more and more […]
If there is one thing we know about the COVID-19 pandemic, it’s that it will end. Not today, certainly, and not even in the next few months (and perhaps more importantly, not all at once — say, on a particular Tuesday afternoon — but over a period of weeks and months, as vaccination becomes more […]
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