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A fuel and his money; see ya labor; low miles but high taxes; and other highlights of recent tax cases. Salt Lake City: A federal jury has convicted California businessman Lev Aslan Dermen, a.k.a. Levon Termendzhyan, of criminal charges relating to a $1 billion renewable fuel tax credit fraud scheme. Dermen was the owner and […]
The metrics you will select to set your company’s growth will depend on your preferences. There are no fixed rules and you can grow your practice in many ways. This aspect of running a business is an opportunity to be a creative entrepreneur. Here are five pieces of advice that will put you on the […]
The international tax provisions of the Tax Cuts and Jobs Act will likely have less impact on the willingness of multinational companies to shift their income abroad than the money they can save by using foreign employees to do research and development, according to a new study. The research, which appears in the current issue […]
Republicans universally rejected a $3 trillion stimulus measure drafted by House Democrats to bolster the U.S. economy, but the draft plan has the seeds for an eventual, smaller compromise. With Speaker Nancy Pelosi pushing the House toward a Friday vote on the Democratic package, a Senate Republican aide said that Majority Leader Mitch McConnell doesn’t […]
Residents of lower-income states that voted for President Donald Trump got bigger stimulus checks in general than those in wealthier coastal enclaves that tend to back Democrats, according to data from the Internal Revenue Service. The demographics of such red states as Utah, Idaho and South Dakota helped residents collect average stimulus payments topping $1,800. […]
The Paycheck Protection Program is not exactly one-size-fits-all in its effects on loan recipients. A business with 500 employees has different challenges when it comes to reopening than a business with five employees. The program, introduced as part of the CARES Act, initially ran out of funds within days of its beginning, but has since […]
House Democrats proposed a $3 trillion virus relief bill Tuesday, combining aid to state and local governments with direct cash payments, expanded unemployment insurance and food stamp spending as well as a list of progressive priorities like funds for voting by mail and the troubled U.S. Postal Service. While there is little chance of the […]
The International Public Sector Accounting Standards Board is trying to prod more countries to adopt its standards along with the accrual method of accounting, as nations around the world face unexpected expenses and revenue shortfalls arising from the novel coronavirus pandemic. “In terms of the accounting standards, what we’re saying is that actually we’ve got […]
Major upheavals in economic conditions present an opportunity for significant growth. For firms prepared to embrace this concept, it’s go time for new service innovations that clients and prospects want, need, and are willing to pay for. With so many of us sequestered at home, it may be some time since you’ve actually been in […]
CFOs are cautiously planning to reopen their companies despite the novel coronavirus pandemic to stem the mounting tide of revenue losses, but employees are worried about whether they can return to work safely. PricewaterhouseCoopers’ fifth biweekly COVID-19 CFO Pulse Survey found 55 percent of the 288 CFOs and finance leaders polled are projecting revenue and […]
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