People & firms on the move: LaPorte names new president & CEO
NASBA appoints board members; Sweeney Conrad promotes 20; and more CPA news.
Tag: tax news
Accounting Today calls for participants in ‘Year Ahead’ survey
Accounting Today has launched its annual “Year Ahead” survey, and is calling for CPAs, accountants, tax practitioners and other professionals to share their thoughts on where the accounting profession is headed in 2021. The short survey asks practitioners to share their firm’s plans for the next year in a range of areas, including: Navigating the […]
Employers added 638K jobs in October, including 1.4K in accounting
Employment increased by 638,000 jobs in October, including 1,400 in accounting and bookkeeping, the U.S. Bureau of Labor Statistics reported Friday, and unemployment declined 1 percentage point to 6.9 percent as the economy continues a slow recovery despite the ongoing COVID-19 pandemic. Job gains mostly occurred in the leisure and hospitality, professional and business services, […]
Forget about LIFO and FIFO. Your new job is NIFO
NIFO? I know what you’re thinking. “Ugh. Yet another inventory accounting method I have to know.” But when I say “NIFO,” I’m not talking about Next In First Out. I’m talking about Nose In, Fingers Out. Where does NIFO come from? The term “NIFO” was originated by John Nash, founder of the National Association of […]
Tax uncertainty likely to continue past election
Whatever the eventual outcome of the presidential election, tax uncertainty is probably going to continue next year, especially with a divided Congress. A global tax survey released last month by BDO found that 80 percent of the business leaders surveyed by BDO in the Americas said the focus of tax legislation changes constantly as the […]
IPSASB pushes back dates of public sector accounting standards due to coronavirus
The International Public Sector Accounting Standards Board has deferred the effective dates of several of its upcoming standards and amendments to give government accountants around the world an extra year to implement them during the COVID-19 pandemic. On Friday, the IPSASB released a final pronouncement, COVID-19: Deferral of Effective Dates, postponing the effective dates of […]
Tax Fraud Blotter: What they deserve
What a steel; there go the judge; children’s books; and other highlights of recent tax cases. North Scituate, Rhode Island: Steven M. Allard, owner of two businesses that supply steel and iron to construction sites, has admitted that over two years he intentionally failed to turn over to the IRS more than $570,000 in employment […]
Job and wage growth slowed at small businesses in October
Growth in jobs and wages at small businesses slowed in October, according to payroll giant Paychex, although job growth in the South increased for the second month in a row, and wages are set to go up in Florida after voters passed a minimum wage ballot initiative in Tuesday’s election. Another payroll service provider, Gusto, […]
Aprio expands to Nashville
Top 100 Firm Aprio LLP has expanded to Nashville by merging in Tennessee-based WSW CPAs PLLC, effective Oct. 31. “The addition of WSW brings us to Nashville — the fastest growing city in the Southeast — and rounds out the Atlanta and Charlotte region for the firm,” said Aprio CEO and managing partner Richard Kopelman […]
Election outcome narrows opportunities for tax changes
Even as state and local officials worked overtime to count ballots in a few battleground states and finalize the presidential race, one result of the election seems fairly clear to tax experts: We shouldn’t expect much wide-ranging tax legislation coming out of Washington, D.C., in the near future. While a few congressional elections still need […]
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