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Big Four firm KPMG has created a dynamic, risk-based policy and technical framework to help organizations bring employees back to the workplace, following the end of shelter-in-place mandates nationwide. The platform provides a technology-enabled and data-driven assessment of COVID-19-related impacts within a community, along with an evaluation of the challenges that individuals and their employers […]
American companies that moved their official headquarters offshore to avoid U.S. taxes could qualify for coronavirus aid from the Federal Reserve, tax lawyers say, raising new questions about which firms should get access to public money. Under guidelines published by the Fed, companies that engaged in so-called corporate inversion transactions while maintaining meaningful U.S. operations […]
China’s securities regulator blacklisted six executives for their role in a $4.2 billion accounting scandal at Kangmei Pharmaceutical Co., one of the country’s biggest drugmakers. The ban includes Kangmei’s chairman at the time and five others, who won’t be allowed to participate in the securities market or take positions as executives or board members at […]
Client attrition is the issue that’s keeping the most accounting firm leaders up at night amid the upheavals of the coronavirus pandemic, according to a new survey — even as a third of those leaders struggle to balance their work with the new personal responsibilities brought on by the new environment. The research, conducted by […]
RSM graduates third class in Industry Eminence program; Brown Smith Wallace raises money to feed health care workers; and more CPA news.
From a financial market perspective, the novel coronavirus pandemic has led to global economic uncertainty and volatility. With such widespread impact, the economic effects are disrupting day-to-day accounting procedures. With the COVID-19 landscape presenting unique challenges that delay information from flowing into the accounting department, accountants must be better positioned to thrive in a post-pandemic […]
The unprecedented, global, government-enforced economic shutdown is draining the lifeblood of cities and states: sales on sales tax revenue. Sales tax shortfall estimates vary from state to state, but are upwards of $150 billion for fiscal year budgets. The U.S. economy had been booming until recently, with 2019 GDP hitting $21.4 trillion. The unemployment rate […]
BKD CPAs Advisors, a Top 20 Firm based in Springfield, Missouri, has acquired CampbellWilson LLP, a Dallas-based firm that focuses on health care regulatory consulting, effective June 1, 2020. The deal promises to increase BKD’s health care practice in the Dallas-Fort Worth market. BKD will be able to leverage CampbellWilson’s proprietary physician time study system, […]
The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey. For the third consecutive week, the payroll giant Paychex, Inc. polled 300 randomly selected U.S. business owners with two to 500 employees. The latest data indicates […]
Grant Thornton has released inter.x, a blockchain platform for managing intercompany transactions. The firm has implemented the new platform in-house, but it is also available to clients to manage dealings between financial entities of a business, which account for 30 to 40 percent of the global economy. Inter.x delivers real-time data-analytics dashboards that monitor these […]
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