Finance & Accounting

The Public Company Accounting Oversight Board could be making more changes ahead as the audit firm regulator deals with a tumultuous series of transformations in the past two years with an all new set of board members, an overhaul of much of its staff, and the recent replacement of one of its board members with
0 Comments
Leaders of tax enforcement authorities from the U.S., Australia, Canada, the Netherlands and the United Kingdom met this week to discuss ways to deal with tax crimes and tax evasion, particularly involving cryptocurrency. The Joint Chiefs of Global Tax Enforcement from the five countries, known as the J5, brought together investigators, cryptocurrency experts and data
0 Comments
Companies nationwide are beginning to prioritize and focus on the advancement of women at increasing rates. In the traditionally male-dominated accounting industry, firms are working particularly hard to increase the retention of female associates and move them into leadership roles. According to the American Institute of CPAs’ latest CPA Firm Gender Survey, women only represented
0 Comments
Splitit is launching the first of its kind business-to-business (B2B) payment platform. Splitit Business Payments is going to allow manufacturers and suppliers to offer their buyers an interest-free, installment credit solution. B2B Installment Payments According to the company, this new solution is going to remove the barriers between SMB buyers and sellers. It will do
0 Comments
Internal Revenue Service Commissioner Charles Rettig issued an order Friday transferring authority over denials of requests for tax appeals to the IRS’s Office of Chief Counsel, despite recent legislation creating an independent Office of Appeals at the IRS. “In a delegation order released today, the IRS Commissioner delegated authority regarding denials of requests to go
0 Comments
An estimated 62% of accountants in America feel underpaid. That’s reported by a survey conducted by Fishbowl. The company surveyed 4,708 from across many industries. The study showed more than 60% of professionals feel under-compensated given their qualifications and level of experience. Professionals Feel Underpaid Accountants came second following advertising and PR professionals. Specifically, 62.32%
0 Comments
Growing complexity in the world of tax, and corporate pressures to do more with less, are creating opportunities for accountants to bring some much-needed relief to business clients, according to leaders at Deloitte Tax LLP. “There’s been a 40 percent reduction in the corporate tax rate – but at the same time, our clients in
0 Comments
Workflows exist in every business — including accounting firms. Some are tremendously complex and intertwined, while others are simple and direct. For most firms and their clients, there are workflows, and business processes, that can be improved. In many cases, improving workflows starts with examining the business processes that underlay them. oftentimes, processes are designed
0 Comments
Millions of people get excited about the idea of starting their own business. But, the logistics of getting a business started are challenging and complex. One of the earliest hurdles you’ll need to overcome to be successful is getting your business funded. In other words, to fund your business, you need to collect enough money to pay
0 Comments
The post-tax-reform decline in the Schedule A, the redesign of the 1040 and the continuing prevalence of e-filing will reshape the future filing landscape, according to the IRS. The IRS Statistics of Income Division’s recently released “The 2019 Calendar Year Projections of Individual Returns by Major Processing Categories” (Publication 6187) presents multi-year projections of the
0 Comments
The IRS has selected nine new members for its Electronic Tax Administration Advisory Committee. The committee’s aim is to prevent identity theft and refund fraud in support of paperless filing of tax and information returns. ETAAC members work closely with the Security Summit, a joint effort of the IRS, state tax administrators and the tax
0 Comments
A new financial program from Visa, Practical Business Skills, has been launched. It’s designed to help small businesses with a variety of resources and tools. Small Business Trends contacted Visa Senior Director of Social Impact Hugh Norton to learn more. “Financial and business literacy are two of the most critical skills a small business owner
0 Comments
If you face competition from companies importing Chinese products at unfairly low rates, there is good news for you. A recent compromise at the Universal Postal Union’s emergency congress can get you an edge over your Chinese counterparts. Also, it can make your business more competitive. According to the latest development, the Universal Postal Union
0 Comments
The IRS has issued additional guidance on common questions regarding the tax treatment of a cryptocurrency hard fork (when a single cryptocurrency splits in two). A new set of FAQs also addresses virtual currency transactions for those who hold it as a capital asset. Some taxpayers with virtual currency transactions may have failed to report
0 Comments
With the global e-learning market expected to reach 400 billion dollars by 2026 more people are opting for online courses to raise their game. This has opened opportunities for those who can cash in on their knowledge by creating valuable online learning materials. As Onlinecoursereport.com explains, selling your knowledge or other products online can get
0 Comments