Finance & Accounting

BDO USA LLP has united several of its technology consulting practices under a new BDO Digital business. The new digital advisory business is focusing on services such as data governance, cybersecurity, data privacy, data analytics, IT outsourcing, application development, cloud deployment, IT managed services and a variety of others, according to Stephanie Giammarco, a partner
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The IRS has just released the standard mileage rates for 2020. The big change is the business mileage rate and some moving and medical expenses dropped.  IRS Mileage Rate For 2020 The IRS mileage rates for 2020 for business vehicle use are: 57.5 cents per mile of business use. That’s a drop of 0.5 cents
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The IRS will return sequestered funds to businesses that were affected by a recent Office of Management and Budget determination regarding the Balanced Budget and Emergency Deficit Control Act of 1985. The OMB determined that the refundable corporate minimum tax credit claimed under Sections 53 and 168(k)(4) of Title 26 of the U.S. Code as
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The National Society of Accountants Foundation announced on Wednesday that it is accepting applications for its 2020-21 student scholarships. Scholarships will provide financial assistance to American and Canadian accounting students. Applicants must be currently enrolled in an accounting degree program at an accredited two- or four-year college or university. Applicants will be judged on factors
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Opinions expressed by Entrepreneur contributors are their own. Startup Costs: $2,000 – $10,000Home Based: Can be operated from home.Part Time: Can be operated part-time.Franchises Available? No Online Operation? No THE BRIEF  If you have an affinity for numbers and want to help other businesses big and small keep their financial records in order as they
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The tight labor market prompted wage growth at small businesses to accelerate in December and reach an all-time high on the monthly Paychex | IHS Markit Small Business Employment Watch. The report, released Tuesday, indicated steady growth in both hourly earnings and hours worked by employees at small businesses, with hours worked in December posting
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The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has teamed up with Deloitte Risk & Financial Advisory on publishing new guidance on managing cyber risks in a digital age. The guidance, aimed at board directors, particularly audit committee members, as well as executive management and cyber practitioners, discusses how companies can apply COSO’s
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Putting your spouse on payroll can be a wonderful strategy, or a nightmare that could cost you thousands. December 21, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. Rather than your true love sending you a partridge in a pear tree, wouldn’t you appreciate some money-saving tax tips? For my year-ending
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Atlanta-based Top 100 Firm Aprio LLP has combined with North Carolina CPA firm LBA Haynes Strand LLC. A full-service accounting firm, LBA Haynes Strand has nearly 70 employees in five offices across the state, in Charlotte, Greensboro, Mt. Airy, Winston-Salem and Asheboro. All the firm’s employees will join Aprio, including 13 partners, and CEO John
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Lukka, which makes blockchain products for the cryptocurrency ecosystem, has debuted a do-it-yourself tax preparation product for taxpayers reporting cryptocurrency assets on IRS Forms 1040 and 8949. LukkaTax will be available for the 2019 tax season. LukkaTax was developed in partnership with CPA.com, the technology arm of the American Institute of CPAs. The alliance, announced
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As the profession looks ahead to a period of tremendous — and sometimes frightening — change, a little advice from accounting leaders can certainly come in handy.As part of this year’s Top 100 Most Influential People survey, Accounting Today asked, “What one thing would you recommend accountants do to prepare for the future?” Two pieces
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The Financial Accounting Standards Board opened a formal search for the next FASB technical director, who serves as the principal advisor to the FASB chairman and board. Reporting to the FASB chairman, the technical director is also the primary representative of FASB to stakeholders — which include regulators, accounting firms, companies and investors — in
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