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Accounting & Taxes

Tax Fraud Blotter: For whom the Pell tolls

Accounting Today - Thu, 2019-04-18 22:10
Two decades and tens of millions; bank error; dirty deal; and other highlights of recent tax cases.
Categories: Accounting & Taxes

ADP releases Next-Generation Tax Engine

Accounting Today - Thu, 2019-04-18 16:24
The Tax Cuts and Jobs Act is an opportunity for tax automation companies to provide ways to simplify taxes for companies struggling to keep up.
Categories: Accounting & Taxes

Top safety concerns at accounting firms

Accounting Today - Thu, 2019-04-18 15:33
If though it's a low-risk profession, accounting employees can still experience injuries or illnesses caused by preventable hazards.
Categories: Accounting & Taxes

U.K. regulators recommend shake-up in audit market

Accounting Today - Thu, 2019-04-18 14:18
The United Kingdom’s Competition and Markets Authority has issued a long-awaited report calling for separation of audit from consulting services, mandatory “joint audits” and regulatory powers to increase the accountability of audit committees.
Categories: Accounting & Taxes

IRS releases 6-year plan to modernize aging computer systems

Accounting Today - Thu, 2019-04-18 13:21
The Internal Revenue Service hopes to improve taxpayer service and cybersecurity by updating its IT infrastructure.
Categories: Accounting & Taxes

Auditors getting tougher in Korea in blessing for investors

Accounting Today - Thu, 2019-04-18 12:55
South Korean auditors are refusing to sign off on more and more corporate financial statements due to tighter regulations, giving investors earlier warning signs of trouble ahead.
Categories: Accounting & Taxes

Trump’s opportunity zone rules deliver on investors’ wish list

Accounting Today - Thu, 2019-04-18 12:31
There’s plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work.
Categories: Accounting & Taxes

How to make Trump’s tax returns public? The GOP may have cleared a path

Accounting Today - Thu, 2019-04-18 12:11
If Democrats now in charge of the House Ways and Means Committee ever get their hands on President Donald Trump’s tax returns, they could thank their Republican predecessors for providing cover to make the documents public.
Categories: Accounting & Taxes

More proposed regs. on qualified opportunity funds issued

AICPA Tax Advisor - Wed, 2019-04-17 17:50
The regulations define the term “substantially all,” the definition of which was reserved in the earlier proposed regulations issued in October 2018.
Categories: Accounting & Taxes

Using M&A in your high-growth strategy

Accounting Today - Wed, 2019-04-17 17:24
If you want to use mergers and acquisitions to grow your accounting practice, here are some perspectives to consider.
Categories: Accounting & Taxes

Supreme Court hears arguments on major state trust tax case

Accounting Today - Wed, 2019-04-17 17:00
The justices questioned a state’s ability to tax income from a trust based on the beneficiaries residing there before taking any distributions.
Categories: Accounting & Taxes

IRS issues guidance on opportunity zone investments

Accounting Today - Wed, 2019-04-17 16:49
The proposed regulations offer further details about a provision of the Tax Cuts and Jobs Act aimed at spurring real estate investment in needy communities.
Categories: Accounting & Taxes

Can a state tax a trust based on the beneficiary’s residency?

AICPA Tax Advisor - Wed, 2019-04-17 16:15
The U.S. Supreme Court heard oral arguments in a case that will decide whether states can tax trusts based solely on the fact that a trust beneficiary lives in the state.
Categories: Accounting & Taxes

Tax refunds and tax decreases varied by state, says H&R Block

Accounting Today - Wed, 2019-04-17 16:04
The size of clients’ tax refunds was up 1.4 percent this tax season, while their overall tax liability was down 24.9 percent.
Categories: Accounting & Taxes

Corporate income smoothing tied to CEO stocks and options

Accounting Today - Wed, 2019-04-17 15:26
Companies report fluctuations in revenue and expenses over time in a way that makes the earnings growth look steady across quarters.
Categories: Accounting & Taxes

Accounting class-action suit settlement size jumped last year

Accounting Today - Wed, 2019-04-17 13:00
There were fewer total settlements in 2018, but the dollar figures involved increased more than fivefold.
Categories: Accounting & Taxes

EY makes major moves in blockchain

Accounting Today - Wed, 2019-04-17 12:54
EY has announced a significant investment into its Blockchain Analyzer product, as well as, separately, the release of its zero-knowledge proof (ZKP) private transaction protocol into the public domain.
Categories: Accounting & Taxes

PwC, Deloitte top Vault's best firms list

Accounting Today - Wed, 2019-04-17 12:01
The Vault Accounting 50 ranks the top workplaces in North America based on prestige, firm culture, and other factors.
Categories: Accounting & Taxes

Elizabeth Warren’s corporate tax plan sounds reasonable. It isn’t.

Accounting Today - Wed, 2019-04-17 11:48
The senator really hates it when corporations that report billions of dollars in profit pay little or no tax to Uncle Sam.
Categories: Accounting & Taxes

GE urged to drop auditor KPMG following accounting missteps

Accounting Today - Wed, 2019-04-17 11:25
An adviser to union pension funds is calling on General Electric to change audit firms after investor confidence in the one-time blue-chip company has been rattled.
Categories: Accounting & Taxes

Contact

  • Address:DJL Accounting & Consulting Group, Inc.
    Cider Mill Professional Center, Building C-102
    1570 S Canfield Niles Road
    Youngstown, Ohio 44515 
  • Phone:330 779 0781