Rev rec issues to keep an eye on
Marisa Garcia, a managing director at CohnReznick Advisory, talks about how FASB’s new standard may affect some industries differently.
M&A roundup: Deals in Nebraska and Illinois
NEBRASKA Lutz acquires Shonsey Details: Lutz, a firm with offices in Omaha, Lincoln, Hastings and Grand Island, Neb., is acquiring Shonsey, Placke, Maruska Stava, P.C., also known as Shonsey Associates, a firm based in Grand Island, effective May 1, 2018. Financial terms were not disclosed. Lutz has annual revenues of $45 million and 250 employees, […]
With the rise of automation, how will the CFOs of tomorrow be trained?
The pace of automation does not appear to be slowing. In fact, if events at the World Economic Forum in Davos are anything to go by, it’s accelerating. And with that acceleration there is a shift in emphasis. There’s general acceptance that the world is now experiencing the fourth industrial revolution. We see it in […]
Researchers find quarterly reporting leads to corporate myopia
Mandatory quarterly reporting by public companies can lead to a short-sighted focus on near-term results, according to a new academic study. The study, by Rahul Vashishtha and Mohan Venkatachalam of Duke University’s Fuqua School of Business and Arthur G. Kraft of the Cass Business School of City University London, is set to appear in an […]
U.S. audit overseer under scrutiny as 6 charged in KPMG leak
The U.S. regulator overseeing auditors was rocked by criminal charges as federal prosecutors accused three former employees of leaking inside information to KPMG LLP so it could improve its audit results. The allegations are a major embarrassment for the Public Company Accounting Oversight Board, a regulator that was meant to restore public confidence in the […]
Trump taxes solar imports in biggest blow to renewables yet
In the biggest blow he’s dealt to the renewable energy industry yet, President Donald Trump decided on Monday to slap tariffs on imported solar panels. The U.S. will impose duties of as much as 30 percent on solar equipment made abroad, a move that threatens to handicap a $28 billion industry that relies on parts […]
Florida firm Rinehimerbaker is Sage Intacct’s partner of the quarter
Florida-based firm Rinehimerbaker LLC has been named Sage Intacct partner of the quarter for Q1 2018. The partner program is designed to “help channel partners build sustainable excellence and achieve remarkable growth year after year,” according to senior vice president of channel sales for Sage Intacct, Taylor Macdonald. The software company announced the winner at […]
IRS provides relief on medical device tax
The Internal Revenue Service is offering some relief to medical device companies on the excise tax that’s part of the Affordable Care Act. The IRS issued Notice 2018-10 giving relief, for the first three calendar quarters of 2018, to medical device manufacturers, producers and importers from the failure to deposit penalties imposed by Section 6656 […]
IRS has contingency plans for government shutdown
The Treasury Department has updated the contingency plans for the Internal Revenue Service to handle the expected federal government shutdown. The updated document describes how the IRS will handle the filing season, which is supposed to begin on Monday, January 29. The IRS is already under pressure to implement the provisions of the Tax Cuts […]
5 things every U.S. expat needs to know about the new tax law
With the passage of the Tax Cuts and Jobs Act, the tax code has been fully transformed for the first time in three decades. The plan has been marketed as a much-needed simplification for American taxes, and American expatriates comprise a tax-paying demographic most in need of simplification of the tax requirements. Does the TCJA […]
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