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The Securities and Exchange Commission has named Stephanie Avakian and Steven Peikin as co-directors of its Division of Enforcement. Avakian has served as acting director of the division since December 2016; she had served as deputy director since 2014. Prior to joining the SEC, she was a vice chair of the securities practice at law […]
Internal Revenue Service interest rates will hold at the same level for the calendar quarter beginning July 1. The IRS said the rates will be: 4 percent for overpayments (3 percent in the case of a corporation); 1.5 percent for the portion of a corporate overpayment exceeding $10,000; 4 percent for underpayments; and 6 percent […]
(Bloomberg) — The U.S. government has “backup plans” for funding itself if Congress doesn’t raise the debt limit before lawmakers leave for their August recess as hoped, Treasury Secretary Steven Mnuchin said. “I don’t want to leave any doubt, we have plans, backup plans for funding the government,” Mnuchin told reporters Friday at a press […]
Security ranks first among accounting firms’ technology challenges, according to a new survey. Just under a third, or 29 percent, of respondents to the 4th Annual Accounting Firm Operations and Technology Survey cited security as their biggest challenge over the next one to three years, up 10 percentage points from last year’s survey. Close behind […]
Red Wing Software has released version 11 of its accounting and payroll platform CenterPoint. CenterPoint Accounting, and the versions of the accounting software for the agriculture and nonprofit sector, have gained new features such as a function for customers to import and maintain screen data from outside sources. The user interface has also been modified […]
A lack of accountability leaves to many accountants free to go their own way, says Charles Hylan of the Growth Partnership.
(Bloomberg) House Republicans made headway on President Donald Trump’s pledge to dismantle post-crisis financial rules by approving a sweeping bill Thursday that rips up major aspects of the Dodd-Frank Act. House lawmakers approved the legislation in a 233-to-186 vote. But the bill—called the Financial Choice Act—has little chance of passing the Senate in its current […]
Financial planners need to start planning for their own ultimate futures, according to U.S. Wealth Management’s John Napolitano.
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