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A former Swiss banker was acquitted of helping U.S. clients dodge taxes, dealing prosecutors a dramatic loss in their efforts to hold individuals responsible after the government successfully targeted financial institutions. The trial of Stefan Buck was an unusual courtroom showdown in the decade-old fight by the U.S. against tax evasion aided by financial institutions […]
Firms are talking about innovation, yet many struggle with how to develop an innovative culture and strategy and to make a difference. Naturally, some people are happy with the status quo and conventional success. The challenge is to move the mindset from conventional success to that of a game-changer. This requires different thinking — transformation, […]
It used to be that nonprofit accounting was the staid uncle of applications, with not much changing from year to year. That’s simply not true anymore, with vendors of nonprofit software working hard to keep up with the changing times, changing regulations and reporting requirements, and for the most part, incorporating technology just as rapidly […]
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Farm lobbyists are warily watching the tax-overhaul legislation moving through Congress, which comes with some favorable terms for them now but may have a big catch later: Less money for farm programs crucial to producers dealing with lower commodity prices. The farm groups are looking beyond the tax debate to a new farm law due […]
Centage has announced the death of president and CEO Barry Clapp. He died Thursday, Nov. 16, on his 66th birthday, surrounded by family. Centage provides financial software including tools for budgeting and analytics. Jeb Spencer, co-founder and managing partner of TVC Capital, a lead investor in Centage, has been appointed executive chairman of Centage in […]
It’s long past time for accounting firms to embrace remote work, according to industry experts from the CPA Consultants’ Alliance. In “Flexible Workplaces for CPAs,” one of the CPACA’s “Issues and Answers” video series, members of the alliance explained why the shift to allowing employees to work where and when they want is both unavoidable […]
Relatively few public companies have been telling investors what impact they can expect to see from the revenue recognition accounting standard that takes effect next month, according to a new study from the CFA Institute. The study is the third in a series from Vincent Papa, director of financial reporting policy at the CFA Institute, […]
Clifton, N.J.-based accounting firm Sax announced this week its first annual “Founder’s Award,” which looks to make a $15,000 donation to a local nonprofit in the New York City metropolitan area that best demonstrates efforts toward “obtaining sustainability.” Named in honor of the firm’s founders—Sander Sax, Morris Macy and Egon Fromm—the Founder’s Award highlights and […]
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