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The Internal Revenue Service and the Treasury have been working their way through the many, many ramifications of last December’s Tax Cuts and Jobs Act. Early in the year they offered updated withholding tables so taxpayers could take advantage of some of the tax reform changes, while more recently they released a draft of a […]
Mazars USA Mazars USA, New York, held its fourth annual Days of Service, with firm employees volunteering at local service organization. (Read the full story.) The Bonadio Group, Rochester, will celebrate its first Purpose Day on August 2 with hundreds of employees volunteering at 12 nonprofits in Albany, Buffalo, Rochester and Syracuse.
The Public Company Accounting Oversight Board has announced its 2018-19 merit-based scholarships, annually awarded to accounting students looking to pursue a career in audit. This year, the PCAOB has designated one $10,000 scholarship to be awarded to one student each at 332 colleges and universities across the country. The scholarships are made possible by the […]
Walgreens, CVS and ATT top the list of U.S. companies with the most operating lease liabilities that will need to be added to their balance sheets under the new leasing standard, according to a new report that ranks Fortune 1000 companies by their leasing obligations. The report, from LeaseAccelerator, a provider of lease accounting software, […]
FreshBooks, which makes simple accounting software for small businesses, has introduced general ledger, trial balance and chart of accounts to its core accounting engine. The new offerings are meant to provide better tools for accountants who serve small-business clients that use FreshBooks to run their business. These new features beef up the basic features of […]
What’s holding your accounting firm back? Chances are it’s not your marketing, your business model or your methods holding your CPA firm captive — it’s your mindset. The single greatest factor determining your firm’s success and satisfaction is your mindset. Recently, 1st Global conducted a webcast with esteemed financial advisory coach and consultant Stephanie Bogan […]
The Financial Accounting Standards Board is proposing to modify the effective date of its Current Expected Credit Losses standard for non-public companies, giving many private banks and credit unions an extra year to get ready for the new rules, even though the effective date is technically only changing by one second past midnight. At a […]
Accounting firms should not only view current challenges in the profession as something to future-proof against, but opportunities to take advantage of, according to Scott Fleszar, vice president of product management at Thomson Reuters, speaking at the Accounting and Finance Show LA on Thursday. “To seize the expanding marketing opportunities today, and mitigate the risks, […]
The Internal Revenue Service now has the data to begin the analysis to calculate the potential penalties for tax year 2016 to be assessed against those organizations determined not to be in compliance with the ACA, according to the March 2018 report from the Treasury Inspector General for Tax Administration on the Affordable Care Act. […]
The Internal Revenue Service is showing signs that it’s planning to issue regulations on the deductibility of expenses for estates and trusts in the wake of the Tax Cuts and Jobs Act. Andrew Harrer/Bloomberg Earlier this month, the IRS and the Treasury Department issued a notice saying they intend to issue regulations around estates and […]
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