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Whether or not you believe the polls, it’s evident that the November 2020 election may usher in a change in the executive and legislative branches that could result in higher taxes for many. As a result, it makes sense for tax professionals to plan and take any actions that might be available to lessen potential […]
SobelCo appoints first COO; Plante Moran adds 25 partners; and more CPA news.
Democratic presidential nominee Joe Biden described his vision if he wins election against Donald Trump in November, expressing optimism and hope about overcoming the coronavirus, the economic crisis, climate change, racial divisions and other challenges during his acceptance speech at the virtual Democratic National Convention. Speaking from a stage in Wilmington, Delaware on Thursday night, […]
Rep. Richard Neal, D-Massachusetts, who chairs the tax-writing House Ways and Means Committee, is asking the Internal Revenue Service to quit mailing notices for unpaid taxes to taxpayers who may have been affected by the mail backlog at the agency due to the COVID-19 pandemic. Many taxpayers have been receiving balance-due notices from the IRS […]
The U.S. suspended its extradition treaty with Hong Kong and ended reciprocal tax treatment on shipping with the former British colony, the latest salvo in escalating tensions between Washington and Beijing. The moves are part of the Trump administration’s efforts to pressure China over the imposition of a national security law that has led to […]
More accounting firms than ever are branching out, expanding beyond traditional tax and compliance services into things like advisory services to meet the expanding expectations of their clients and to position themselves as trusted advisors. Providing more services means clients are getting a better experience. Recognizing this increased value and client experience, many firms are […]
The U.S. Chamber of Commerce and over 30 business and trade organizations sounded the alarm in a letter Tuesday to congressional leaders and Treasury Secretary Steven Mnuchin warning them about the impact of President Trump’s memorandum deferring employee payroll taxes through the end of year, saying it would end up making employees owe a “substantial […]
Sustainability reporting is quickly going mainstream. While companies aren’t always required by regulators to report their greenhouse gas emissions, human rights records and wastewater management, investors are pushing them for this information at a faster clip. Part of the issue is that global investors are under pressure from governments and asset owners themselves to report […]
Austria has experienced plenty of scandalous bank failures in the past decade, not least at Hypo Alpe Adria, the house lender of the late Freedom Party leader Joerg Haider. Yet the fraud that brought down tiny Commerzialbank Mattersburg im Burgenland AG raises questions for financial regulators and auditors that have uncomfortable echoes of the Wirecard […]
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