People and firms on the move: BKD names next CEO
Mauldin Jenkins adds five partners; KPMG, Crowe and CohnReznick release reports; and more CPA news.
Tag: irs
IRS OKs use of e-signatures for more forms in response to coronavirus
The Internal Revenue Service said Friday it would temporarily allow the use of digital e-signatures on some forms that can’t be filed electronically to reduce the risk to taxpayers and tax professionals of in-person contact during the novel coronavirus pandemic. The move will allow tax preparers to stay safe during the pandemic by continuing to […]
SEC reduces disclosures of legal proceedings, climate change and human capital risks
The Securities and Exchange Commission adopted rules Wednesday to reduce the number of disclosures of business, legal proceedings and other risk factors, including environmental and human capital risks, that public companies are required to make, in probably the biggest overhaul of Regulation S-K disclosures in more than three decades. The move is part of the […]
White House draws doubt with claim of $75B in opportunity zone funds for poor areas
Hours before the Republican National Convention kicked off this week, the White House had good news: Investors had plowed $75 billion into funds that target opportunity zones, showing the Trump administration’s signature tax break to help poor communities is working. The estimated haul means the program is on track to lift 1 million people out […]
Grant Thornton furthers diversity and inclusion efforts
Grant Thornton has announced an expansion of the firm’s diversity and inclusion efforts with the implementation of new training programs and monetary donations to social-justice organizations. Grant Thornton developed its efforts with members of its African Americans and Allies Business Resource Group — an internal group that promotes the recruitment, development and retention of Black […]
Deloitte Foundation grants $100K to AICPA Foundation
The Deloitte Foundation has announced a donation of $100,000 to the American Institute of CPAs Foundation in support of the William (Bill) Ezzell Scholarship program for accounting Ph.D. candidates. The annual award provides a one-time grant of $10,000 to five top accounting Ph.D. students who have shown the potential to lead their peers into the […]
3 tips to free up working capital and optimize days payable outstanding
Working capital is best described as the funds used to run day-to-day business operations. Whether it’s buying raw materials and services, paying employees or keeping the lights on, working capital is an integral factor in any company’s financial strategy and outlook. Undoubtedly, maintaining consistent cash flow to pay operating expenses and fund well thought out […]
10 cybersecurity practices that create the best remote environment
As firms work remotely and cloud applications and security become more important than ever, accountants should be thinking about cybersecurity in new ways. As they say, the best defense is a good offense. But what may have worked in the past to protect you from hackers and other security threats is likely no longer sufficient […]
Billionaire Robert Smith fighting U.S. criminal tax inquiry
When billionaire Robert Smith ended his 2019 Morehouse College commencement speech by vowing to pay off student debt for the entire graduating class, cheers of “MVP, MVP, MVP!” rose from students and faculty on the Atlanta campus. What the audience didn’t know was that Smith was harboring a financial secret. He was being pursued by […]
Filing relief granted for California fires, Iowa storms
Victims of the California wildfires that began Aug. 14 now have until Dec. 15 to file various individual and business federal returns and make tax payments, as do victims of the Aug. 10 derecho storm that affected parts of Iowa. The IRS is offering this relief to any area designated by the Federal Emergency Management […]
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