Accounting

Bloomberg Tax & Accounting has expanded its coverage of international tax research to more than 220 countries, with analysis of corporate taxation, value-added taxes and international withholding taxes, along with the changes brought about by the COVID-19 pandemic. The company offers a VAT Navigator that covers value-added taxes, goods and services taxes, and sales tax
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Wagering and taxes; taming email; to NEC or not; and other highlights from our favorite tax bloggers. Illegal money Avalara (https://www.avalara.com/us/en/blog.html): Favorite opening of the week: “Words matter. If they didn’t, lawmakers wouldn’t bother changing them, as the Vermont Legislature did recently” with a tiny “any” to a tiny “the” in regard to tax on
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The American Institute of CPAs has announced the 29 graduates of its 2020 AICPA Leadership Academy, held virtually for the first time this year. The AICPA Leadership Academy looks to offer young CPAs a hands-on learning workshop with topics ranging from leadership training to professional networking. This year’s featured speakers included AICPA chair Tracy Golden;
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Unit4, which makes cloud ERP software, has released the latest version of its financial planning and analysis software, adding artificial intelligence-powered forecasting and planning functionality.Unit4’s new tool, Smart Forecaster, extends forecasting ability to business users across the enterprise. The tool uses historic data combined with influence factors and scenarios. Also new is the Solution Builder,
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The Securities and Exchange Commission voted Friday to adopt amendments to its longstanding auditor independence requirements, relaxing restrictions on relationships between auditors and their clients as part of a deregulatory push by the SEC in recent years. The SEC said the amendments to Rule 2-01 of Regulation SX would “modernize the rules and more effectively
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Three defaults and you’re out; scheme of several years; misstep by misstep; and other highlights of recent tax cases. North Brunswick, New Jersey: Preparer Juan Solano, 46, has been sentenced to a year and a day in prison for income tax evasion. Solano was the owner of J&C Solano Tax Service; during 2016 he reported
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For the first time, the IRS is adding barcode technology to notices sent to millions of taxpayers. Starting this month, CP14 and CP14 IA balance-due notices that inform taxpayers that they owe money on unpaid taxes and their payment options are now equipped with QR barcodes to help those taxpayers securely and easily navigate IRS.gov.
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Accounting firms Crowe LLP and BKD LLP released year-end tax-planning guides Wednesday, during a time of great uncertainty over future tax changes in the midst of the novel coronavirus pandemic and the upcoming election. Crowe’s Tax Planning: 2020 Year-End Guide discusses a number of issues, including recent legislation passed in Congress in response to COVID-19,
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Accounting and financial controllers are some of the hardest-working executives in an organization, but unfortunately they are often overlooked. There are more than 250,000 controllers in the United States, and 810,000 worldwide, yet CFOs and the C suite seem to get all the media attention. Around the world, companies and organizations turn to their controllers
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Companies are continuing to increase the level of audit committee disclosures in their proxy statements, according to a new report from the Center for Audit Quality and Audit Analytics. The 2020 Audit Committee Transparency Barometer found that disclosures related to the audit committee’s responsibility for cybersecurity risk oversight is leading the disclosure trend, increasing fourfold
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