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The Prince of Wales’ Accounting for Sustainability project and the International Integrated Reporting Council intend to promote sustainability reporting and integrated reporting at the World Congress of Accountants that’s set to take place in Sydney, Australia in early November. The WCOA conference, taking place November 5-8, is expected to attract more than 6,000 business and […]
Have you discovered the latest and greatest tax planning strategy? Before suggesting it to clients, consider the ever-persistent loophole cycle. The steps are relatively straightforward: (1) Congress passes a law; (2) taxpayers and practitioners find ways to avoid tax while still technically complying with the law; (3) Congress or the IRS closes the loophole through […]
The Social Security Administration said Thursday that the cost of living adjustment, or COLA, for 2019 will be 2.8 percent, providing larger Social Security and Supplemental Security Income benefits for more than 67 million people tied to the rate of inflation. The 2.8 percent COLA will start with benefits payable to more than 62 million […]
Press releases that tout a company’s earnings in the headline should be looked at more skeptically, according to a new academic study. The study, by Xuan Huang of California State University Long Beach, Alex Nekrasov of the University of Illinois at Chicago, and Siew Hong Teoh of the University of California, Irvine, questioned “managers’ opportunistic […]
Helping clients with payroll has led some pioneering firms to realize that they need help with a host of other back-office functions, from HR and onboarding to benefits administration. This report looks at how firms are exploring these new services, and the tools and strategies available to them. Register to view Report
Amy Vetter shares her journey from CPA to “cherished advisor.”
Steven Henning, a former partner in charge of advisory services at Top 100 Firm Marks Paneth LLP, was arrested and charged with wire fraud for allegedly defrauding investors out of $2 million by claiming to have entered into multi-million-dollar intellectual property deals. Henning, 57, was arrested in St. Johns, Florida, on Tuesday and appeared before […]
The Internal Revenue Service isn’t fully addressing billions of dollars in tip-related tax noncompliance and it’s generally not enforcing the tip agreements it has in place with some businesses, according to a new report. The report, from the Treasury Inspector General for Tax Administration, found that 1,971 (or 30 percent) of the 6,513 businesses that […]
Investment firm KKR Co. has begun a $1.24 billion takeover bid for MYOB Group, an Australian accounting software provider. In the 1990s, MYOB had a significant presence in the United States, and over the years split its focus into distinct Australia and U.S. divisions. However, in 2005, Acclivity acquired MYOB’s U.S. operations; today, MYOB operates […]
The American Institute of CPAs testified Tuesday at an Internal Revenue Service hearing about the problems the AICPA is anticipating from the IRS and Treasury Department’s proposed rules for auditing large partnerships. The Bipartisan Budget Act of 2015 included a provision allowing the IRS to audit large partnerships, such as hedge funds and private equity […]
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