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I hope as you read this, you and your loved ones are safe and healthy. As many of us enter another week of working from home, cabin fever is likely setting in, if it hasn’t already. You may find yourself struggling to keep spirits and energy up while in quarantine. Lack of sunlight, fresh air […]
The Internal Revenue Service posted a set of questions and answers Monday to help companies claim net operating losses and tax credits for prior years so they can get faster tax refunds in the midst of the novel coronavirus pandemic. The FAQ page describes how companies can fax Forms 1139 and 1045 to the IRS […]
The Financial Accounting Standards Board staff released a question-and-answer document to respond to questions about the lease accounting guidance for lease concessions in the wake of the novel coronavirus pandemic. The FASB staff noted that many lessors are, or will be, providing lease concessions to tenants affected by the economic disruptions caused by the COVID-19 […]
Fresh off the 2008 financial crisis, Jan. 1, 2009, was undoubtedly a “tough time to do a merger,” reminisced HoganTaylor CEO Randy Nail (pictured). But more than ten years later — and with the firm just having joined Accounting Today’s list of the Top 100 Firms — there’s no doubt that the decision has proved […]
Houston-headquartered Briggs Veselka credits several strategies with helping launch the firm on to Accounting Today’s Top 100 Firms list for the very first time in 2020, but the firm’s leaders agree that one foundational element is a strong talent pipeline. Managing shareholder Sheila Enriquez (pictured) experienced this firsthand: In July 2018, 11 years after joining […]
The International Accounting Standards Board proposed amendments to the IFRS Standards to assist companies in providing useful information to investors about the effects of interest rate benchmark reform on financial statements. The IASB, considering the effects of interest rate benchmark reform on financial reporting since 2018, has moved forward in two phases. The first was […]
Officials in Brussels may ask Europe’s financial industry to make a joint pledge to keep credit flowing to companies hurt by the coronavirus pandemic. Banks and other firms could be asked for a commitment to maintain credit lines to businesses and households and step up borrowing to cover any virus-related cash-flow problems, according to an […]
Top 10 Firm Crowe has announced that Chris Mitchell will serve as the firm’s inaugural chief diversity officer. The new role will entrust Mitchell with an agenda to build a culture of inclusion for the firm. Prior to the announcement, Mitchell has worked with the firm for six years as a consulting principal within its […]
Chris Mitchell (pictured) was named the first chief diversity officer at Crowe, Chicago. Mitchell has been with Crowe for six years, serving as a consulting principal within the technology, media and telecommunications services group. In his new role, Mitchell is responsible for driving an innovative and programmatic agenda to support a culture of inclusion in […]
The Internal Revenue Service and the Treasury Department are extending a number of tax deadlines for individuals, trusts, estates, corporations and others due to the impact of the novel coronavirus. In Notice 2020-23, they extended more key tax deadlines for both individuals and businesses Last month, the IRS said that taxpayers would generally have until […]
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