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The National Society of Accountants sent a letter Friday to Internal Revenue Service Commissioner Charles Rettig, asking for the IRS to extend tax-filing season because of the threat from the coronavirus, while the National Conference of CPA Practitioners asked the IRS and the Treasury to waive penalties and interest charges for taxpayers. The American Institute […]
We live in uncertain times. Political unrest. Economic ups and downs. The coronavirus. Stability and calm seem like things of the distant past. As marketers, we all struggle with trying to make sense of it all and plan for tomorrow, never mind next month, next quarter, or next year. Still, there are things you can […]
CoinTracker, which makes a tax calculator for cryptocurrency taxes, and a portfolio tracker for crypto investments, has partnered with Casa, which provides a multisignature security solution for bitcoin. The partnership comes at a time when anxieties are high over cryptocurrency regulation and taxation, as much of the guidance from the IRS has proven inadequate and […]
More than half of compliance officers believe they don’t have enough resources to carry out their function adequately, and nearly a third say their auditing and monitoring process is insufficient, according to a new survey. The survey, from the Bonadio Group, a Top 100 Firm, polled a group of compliance officers and found that 57 […]
The Financial Accounting Standards Board released an accounting standards update Thursday offering temporary optional guidance to help with the accounting for reference rate reform, as many organizations move away from the London Interbank Offered Rate, or LIBOR, to newer reference rates like the Secured Overnight Financing Rate, or SOFR. Regulators have been pressing banks and […]
Grant Thornton has announced a partnership with Llamasoft, which provides an artificial intelligence-powered supply chain analytics platform, to help its clients optimize their supply chains. The Chicago-based firm, which has locations worldwide, will combine its consulting experiences in supply chain transformation with Llamasoft’s optimization technology, AI capabilities and other advanced algorithms to help clients meet […]
The Securities and Exchange Commission voted Thursday to exempt smaller public companies with less than $100 million in annual revenue from the attestation requirement of their internal control over financial reporting by an outside auditor. In doing so, the SEC adopted amendments to the definitions of “accelerated filer” and “large accelerated filer” as a way […]
Baker Tilly Virchow Krause LLP, a Top 100 Firm based in Chicago, has acquired Talavant Inc., a data analytics firm in Madison, Wisconsin, adding more talent to the Baker Tilly Digital practice. Talavant specializes in helping clients use their data as a competitive asset. That service promises to build upon Baker Tilly Digital’s set of […]
Tax season is one of the peak times of the year for cybercrime. Part of the reason the season can be so lucrative for cybercriminals is because of the increased vulnerability of human targets — many people depend on their tax return to pay bills, and so are easy victims to emails claiming there is […]
I had a very early flight the other day. I knew it was going to be a grueling road trip so I decided to splurge on an Uber Black car to get to the airport. I usually take (no-frills) Uber X to save money, but I wanted to be well rested and start the trip […]
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