Helping Gen X stand the strain
UHY tax principal Therese Wolfe says Generation X is sandwiched between the needs of their aging parents and those of their college-debt burdened children — and they need help to handle the financial burdens.
Tag: irs
Tax Fraud Blotter: Sticky situations
Island girls; five-year mission; nurse malpractitioner; and other highlights of recent tax cases. St. Croix, U.S. Virgin Islands: Patricia Henry has been found guilty of conspiracy to defraud the U.S. Patricia Henry, her daughter Phiona Henry, and others participated in a scheme to steal federal income tax refunds from 2010 to 2013. The scheme involved […]
Senate runoffs complicate year-end tax planning
The outcomes of two runoff elections in Georgia that are scheduled for Jan. 5 will determine the balance of power in the U.S. Senate, and may also have an impact on the kind of tax planning that accountants should be advising their clients to do. President-elect Joe Biden’s ability to pass his tax proposals into […]
Case studies: CAS in 2020
While 2020 was a year of crisis for many businesses, accountants found that their services came into sharper focus. In a remote world, outsourced accounting becomes easier to deliver to more clients; and in a world where businesses have been forced to temporarily close or shift their operations significantly in some way, accountants find themselves […]
Mnuchin plans to put $455B beyond Yellen’s easy reach
Treasury Secretary Steven Mnuchin will put $455 billion in unspent CARES Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will soon need authorization from Congress to use. The money will be placed in the agency’s General Fund, a Treasury Department spokesperson said Tuesday. Most of it had gone […]
IIRC and SASB plan merger for next year
The International Integrated Reporting Council and the Sustainability Accounting Standards Board said Wednesday they intend to merge into a single organization to be called the Value Reporting Foundation by the middle of 2021. The unified group will give investors and corporations a comprehensive corporate reporting framework across the enterprise with standards aimed at improving global […]
Pathways to Growth: Expanding in the time of COVID
The changes this pandemic has wrought don’t appear to be temporary, as we once imagined. It’s no longer a question of waiting this thing out and returning to yesteryear. That’s why I’m advising my clients to re-evaluate their growth strategies. Ambitious firms need to lean into the new reality and reconfigure their approaches. I understand […]
People & firms on the move: RubinBrown adds tax partner
Ryan Irby was hired as a partner in the transaction advisory practice at Dixon Hughes Goodman, Dallas. Thomson Reuters, Dallas, announced the winners of its annual awards at the virtual Thomson Reuters Synergy user conference. The winners of the 2020 Luca Award for Tax and Accounting were, for Woman Trailblazer: Emily Fisher, Fisher PA; Community-Peer […]
Scaling New Heights heads to Texas for 2021
Woodard Events announced that its signature Scaling New Heights conference will be held in Fort Worth, Texas, in 2021, on June 20-23. The theme of the 2021 event — whose 2020 edition wrapped up earlier this month in Orlando, Florida — will be “Unstoppable.” “Though the challenges facing accountants may seem daunting, they are not […]
The next stimulus should aim for a broad-based, inclusive recovery
On election night, Democratic campaign consultants may have been wondering, “Where did all these voters come from?” But unless the next Congress sets a legislative course over the next few months, Speaker of the House Nancy Pelosi may soon be wondering, “Where did all the voters go?” The incoming Biden administration will need to navigate […]
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