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Tag: tax news

U.S. and France move toward possible accord on digital services tax

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August 27, 2019
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| Tax News And Info

French President Emmanuel Macron announced Monday that he and U.S. President Donald Trump reached a deal at the G-7 summit to avert tariff hikes that Trump had threatened against French wine in retaliation against a 3 percent tax that the French government recently imposed on the digital services revenue earned in France by multinational technology […]

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Posted in Tax News And Info Tagged irs, tax news

CFOs seek candidates with more tech skills, survey finds

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August 26, 2019
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| Tax News And Info

In an ever-changing business landscape, managers are struggling to find technological proficiency in their job candidates, according to a new survey from staffing firm Robert Half Finance and Accounting. Notably, polled CFOs said that tech skills and aptitude are the most difficult to find in accounting and finance job candidates. The online survey — developed […]

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Posted in Tax News And Info Tagged irs, tax news

Opportunity zones and capital gains: What your clients need to know

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August 25, 2019
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Opportunity zones are the hottest trend in the world of commercial real estate. Neighborhoods from New York City to the Bay Area are seeing substantial investment capital because of this program, but like any opportunity, there are pitfalls. While there are many ways to hit a home run with OZ investments, there are also plenty […]

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Posted in Tax News And Info Tagged irs, tax news

People on the move: Mize Houser hires director to lead tech for restaurant clients

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August 25, 2019
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Foodman CPAs hires director of anti-money laundering compliance; two firms celebrate a professional making the Houston Women Who Mean Business list; and more personnel news.

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Posted in Tax News And Info Tagged irs, tax news

Firms on the move: MSCPA, NABA host Accounting Career Awareness summer camp

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August 25, 2019
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EisnerAmper changes corporate headquarters; Boomer Consulting hands out awards for excellence in tech; and more CPA news.

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Posted in Tax News And Info Tagged irs, tax news

Projectors for the traveling accountant

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August 24, 2019
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One of the benefits of being a product reviewer is that I get to see and test a lot of new products, and if I think they are interesting and useful to someone in practice, I’ll talk about them here. Recently, I put a new projector from Viewsonic to the test and I thought you […]

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Posted in Tax News And Info Tagged irs, tax news

Ineffective management is hazardous to your firm’s health

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August 24, 2019
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Every year a number of small and mid-sized CPA firms either die on the vine, break up, or merge up if a well-run firm is willing to take them on. Why do so many firms continue to spiral into a slow death? It’s because they are aware of the danger signals, but little, if anything, […]

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Posted in Tax News And Info Tagged irs, tax news

Retirement plan distribution can be taxed even when check isn’t cashed

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August 24, 2019
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The Internal Revenue Service issued a revenue ruling explaining what happens when a distribution check from a qualified retirement plan isn’t cashed by the recipient and found that even when the check isn’t cashed, it still counts as taxable income. In Revenue Ruling 2019-19, which the IRS released last week, the IRS gave the example […]

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Posted in Tax News And Info Tagged irs, tax news

FASB proposal to delay accounting standards could cause headaches for investors

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August 23, 2019
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Moody’s Investors Service is objecting to a proposal from the Financial Accounting Standards Board to delay the effective dates of its leases, hedging and credit loss standards for private companies and small public companies, saying it would reduce the comparability of financial statements of public and private companies for investor and delay IPOs and mergers. […]

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Posted in Tax News And Info Tagged irs, tax news

PCAOB offers guidance on new auditing estimates and specialist requirements

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August 23, 2019
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The Public Company Accounting Oversight Board issued four documents Thursday providing guidance from its staff on the new requirements for auditing accounting estimates and the auditor’s use of a specialist. The new requirements will be taking effect for audits of financial statements for fiscal years ending on or after Dec. 15, 2020, and the PCAOB […]

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Posted in Tax News And Info Tagged irs, tax news
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