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President Trump’s recent tweet suggesting the SEC rethink the requirement for public companies to report their results quarterly has ignited a debate about this topic. Image: Bloomberg In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. “Stop quarterly reporting […]
Accounting Principals has released its 2019 Salary Guide, containing national, regional and local salary data and total cash compensation figures, along with detailed job descriptions for the most heavily sought-after accounting and finance positions. The figures in the 2019 Salary Guide are based on national averages, compiled through Accounting Principals’ partnership with CareerBliss. To further […]
The Internal Revenue Service and the Treasury Department published a notice Tuesday saying they intend to issue proposed regulations clarifying who is a qualifying relative for the new $500 credit for dependents and head of household filing status for years in which the exemption amount is zero for tax years 2018 through 2025. Notice 2018-70 […]
The Massachusetts Society of CPAs has launched an accounting-focused “college academy” for local high school students. With the inaugural program held at Haverhill High School in Haverhill, Mass., participating students can earn up to 12 college credits through the University of Massachusetts—Lowell, marking the first program of its kind to be offered within the state. […]
The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds. Last Thursday, the IRS and the Treasury Department issued […]
BCS ProSoft, a technology services firm and provider of Sage, Deltek and NetSuite business management systems, has finalized a merger with Platinum level Sage 100 partner Steward Consulting Inc. BCS will acquire substantially all the assets of SCI, and the transaction will close on Sept. 1, 2018. BCS ProSoft is No. 55 on Accounting Today’s […]
The Internal Revenue Service’s initial guidance on the executive compensation deduction won’t settle all of the lingering questions. Last week, the IRS issued Notice 2018-68, offering early guidance on the application of section 162(m) of the tax code, as it was amended by last December’s tax overhaul in the Tax Cuts and Jobs Act (see […]
The Internal Revenue Service is making some adjustments to its Compliance Assurance Process, a program aimed at large corporate taxpayers that involves cooperating with the IRS before any audits. As part of the proposed changes, the IRS said Monday it will shift the start of the application period to Oct. 1, 2018. The period will […]
Bankers preparing for the Financial Accounting Standards Board’s new current expected credit loss model, or CECL, have many questions about implementation, including what to expect in the way of CECL scrutiny during 2018 visits from banking examiners. They got a glimpse of an answer in June when federal banking agencies hosted a webinar to respond […]
“That which does not kill us makes us stronger.” That popular quote, attributed to German philosopher Friedrich Nietzsche, has been sprinkled into countless motivational speeches by generals, coaches, business leaders and reality TV show survivors. But lately, I’ve been thinking there’s more to success than simply surviving difficult circumstances; it’s about learning how to embrace […]
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