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A group of 42 Senate Democrats has sent a letter to Treasury Secretary Steven Mnuchin, urging him to refrain from unilaterally cutting capital gains taxes without congressional approval by indexing the tax rate to inflation. The group, led by Senate Finance Committee ranking member Ron Wyden, D-Oregon, Senate Banking Committee ranking member Sherrod Brown, D-Ohio, […]
While cloud hosting provider Insynq posted a message online within an hour of identifying a major ransomware attack on July 16, and followed up with one or two mass emails to customers each day afterward, the company had to put limits on the information it shared — to avoid giving its attackers an edge. “A […]
It seems that in every industry today, data is the stuff of wild imaginings. Some people envision the creation of secure industry ecosystems, where smart contracts automatically trigger prearranged payments to multiple parties. Others imagine supply chains that match the systematic production of goods to real-time consumer demand. And a few intrepid visionaries posit the […]
Real estate investors who want to maximize the return on investment from participating in the opportunity zone program will reap extra tax breaks if they finalize the transaction before the end of the year, but one expert is still urging they do their due diligence before rushing into the program. The Tax Cuts and Jobs […]
There’s a new wrinkle in the annual wave of sales tax holidays that arrive in states around the country every summer around the time of back-to-school sales, and that’s the Supreme Court’s decision last year in the case of South Dakota v. Wayfair. In that much-heralded ruling, the justices allowed South Dakota to impose sales […]
Stuart Kessler, CPA, PFS, a former president of the New York State Society of CPAs and the Accountants Club of America, chairman of the American Institute of CPAs, founding partner of Goldstein Golub Kessler and senior tax director at CohnReznick, has died. Stuart Kessler Kessler was frequently named among Accounting Today’s Top 100 Most Influential […]
Business and tech consultancy Net at Work, an Accounting Today VAR 100 firm, has partnered with Acumatica and added the company’s ERP platform to its portfolio of offered services. The company’s recent acquisition of Southeast Computer Solutions added 15 certified Acumatica consultants to the team. Net at Work also supports Sage and NetSuite products. The […]
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Diane Jules, deputy director of the International Ethics Standards Board for Accountants, discusses how IESBA has been developing its Code of Ethics and technology for accountants to use around the world.
Details: LBA Haynes Strand has acquired the Asheboro, North Carolina, office of Cherry Bekaert, a Top 100 Firm, effective July 31. LBA Haynes Strand, PLLC is based in North Carolina and offers accounting, assurance, tax, and advisory service. The firm already has offices in Matthews, Greensboro, Mount Airy, and Winston-Salem, North Carolina, but is expanding […]
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