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Payrolls fell sharply in December, as the U.S. Bureau of Labor Statistics reported Friday that employment declined by 140,000 jobs amid the continuing economic fallout from the novel coronavirus pandemic. Nevertheless, the accounting and bookkeeping sector added 2,300 jobs last month. The unemployment rate remained at 6.7 percent despite the job cuts, which were the […]
Details: WithumSmith+Brown PC, a Top 25 Firm based in Princeton, New Jersey, has added the Doyle Carden Group LLC, a New York-based private investigative firm that’s licensed in New Jersey. Doyle Carden specializes in anti-money-laundering investigations and helping with litigation services. It will be teaming up with Withum’s cyber and information security services. Financial terms […]
Sue Coffey was promoted to chief executive officer of public accounting at the Association of International Certified Professional Accountants, to partner with Association and AICPA president and CEO Barry Melancon to set strategy for, strengthen and advance the global accountancy profession and the value of public accounting domestically and abroad. (Read the full story.) Neil […]
Growth in small business jobs and wages declined last month as a result of the novel coronavirus pandemic, according to payroll giant Paychex. The latest Paychex | IHS Markit Small Business Employment Watch report, released Friday, indicates the impact of the increasing number of COVID-19 cases on small businesses in the U.S. The Jobs Index […]
Deloitte Tax LLP has entered a deal with Tax Analysts, publisher of the Tax Notes product portfolio, to make the nonprofit’s federal tax law library available to the public. “It has become increasingly challenging for many in the tax profession to find content when they are looking for it,” said Chuck Kosal, chief transformation officer […]
Several accounting firm leaders shared their thoughts about the riot in the U.S. Capitol Building in Washington, D.C., on Wednesday when an angry mob of protesters tried to prevent the counting of the Electoral College votes. “Earlier this week, I was proud to sign a letter with other business leaders to support an orderly transfer […]
Checking out; chairman of the hoard; unlucky Linda; and other highlights of recent tax cases. Newport News, Virginia: Preparer Angela Harper has been sentenced to 27 months in prison for preparing false returns. Harper owned At Ease Tax Services, a tax preparation business that she operated in her home and area hotel rooms. Between 2014 […]
EY has been partnering with Microsoft to build a blockchain-based solution for Xbox to collect gaming rights and royalties on their platform. Now, the Big Four firm is helping Microsoft expand that platform so Microsoft Xbox gaming partners — along with its network of artists, musicians, writers and other content creators — can have increased […]
The Internal Revenue Service and the Treasury Department released final regulations Wednesday on how businesses can claim a tax credit for use of carbon capture equipment to help the environment. The credit is available for qualified carbon oxide captured using carbon capture equipment placed in service on or after Feb. 9, 2018. The final rules […]
The U.S. Department of Labor issued a final rule Wednesday to clarify the standard for determining whether a worker should be considered an employee or an independent contractor. The rule is one of many contentious regulations that the Trump administration has been rushing to finalize in its waning days and is likely to have an […]
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