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The American Institute of CPAs updated its auditor reporting standards to conform them with recently issued auditing standards. The AICPA’s Auditing Standards Board released Statement on Auditing Standards No. 139, Amendments to AU-C Sections 800, 805, and 810 to Incorporate Auditor Reporting Changes From SAS No. 134, as part of an ongoing effort to harmonize […]
Key Democrats poured cold water on President Donald Trump’s proposal to include a payroll tax cut as part of his plan to respond to the coronavirus. Senior Republicans also held back from endorsing the suggestion ahead of a key lunch meeting on Tuesday. Senate Minority Leader Chuck Schumer attacked Trump for talking about “another tax […]
Accounting Today is accepting submissions for its report recognizing the Best Accounting Firms for Technology. This is the second year the publication will recognize firms in this category. Given the growing importance of technology to the profession, the report will highlight a range of firms of different sizes that represent the cutting edge of the […]
The trend of more counties and cities, imposing sales taxes continued in 2019 in the wake of the Supreme Court’s 2018 decision in South Dakota v. Wayfair Inc., according to a new report. Fifteen counties and 62 cities added sales taxes in 2019, according to the report from sales tax technology developer Vertex, which also […]
FreshBooks, which makes simple accounting software for small businesses, has launched in the United Kingdom. Along with entering a new region, the company is releasing a new suite of features targeted at U.K. business needs. While FreshBooks has been serving the U.K. market for more than a decade, recent customer growth has encouraged FreshBooks to […]
What’s worse: getting paid by check, or getting paid late? In many cases, it amounts to the same thing. Checks that go out in the mail typically take a week for delivery and longer after that to clear from the time they’re issued. And not only are checks slow to process, they’re prone to mail […]
DMJ CO. staff members take part in a Polar Plunge to benefit the Special Olympics; Prager Metis teams up with the Alzheimer’s Association; and Centage Corporation announces its 2020 “Centage Gives Back” plans.
A new TurboTax phishing scam is going around, and cybersecurity experts are warning taxpayers to be vigilant this tax season to protect themselves against cybercrime. The scam was discovered by cybersecurity managed services provider Trustwave, when the phishing email hit one of the company’s spam “honeypots” — dummy email addresses and domains designed to attract […]
Citrin Cooperman hires a forensic and litigation services practice leader; Weaver adds a national real estate partner; and more personnel news.
The worldwide worry over coronavirus creates a glimmer of good news for at least one segment of the U.S. population: the top 0.1 percent. The super-wealthy can deploy sophisticated strategies to pass on billions of dollars to their descendants tax-free. Plunging interest rates, combined with lower stock prices, make it even easier to protect those […]
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