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Accounting & Taxes

Latest Trump bid to shield taxes meets skeptical judges

Accounting Today - Fri, 2020-09-25 15:23
Lawyers for Donald Trump were met with skepticism from federal appeals court judges as they made their latest attempt to block New York prosecutors from getting their hands on his tax filings and other financial documents through a grand jury subpoena.
Categories: Accounting & Taxes

Tax relief granted for Hurricane Sally victims

Accounting Today - Fri, 2020-09-25 14:37
Those impacted in a number of Alabama counties now have longer to file and make tax payments.
Categories: Accounting & Taxes

IRS offers reprieve on tax returns filed late due to CCH software outage

Accounting Today - Fri, 2020-09-25 14:10
The Internal Revenue Service is giving taxpayers and practitioners some extra time if they tried to file their returns on Sept. 15 through CCH Axcess, but were unable to do so because of a system outage.
Categories: Accounting & Taxes

Bots are game changers for accounting firms

Accounting Today - Fri, 2020-09-25 13:42
Despite the many, many downsides of COVID-19, one of the biggest silver linings has been that it forced CPAs and accountants into being true advisors to their clients.
Categories: Accounting & Taxes

Apple’s $15B tax victory faces EU appeal at top court

Accounting Today - Fri, 2020-09-25 11:58
Apple Inc.’s victory over a record back-tax order faces a challenge at the European Union’s top court as Competition Commissioner Margrethe Vestager seeks to rescue her crackdown on allegedly unfair fiscal deals doled out to multinational companies.
Categories: Accounting & Taxes

Avalara debuts compliance product suite for alcoholic beverage industry

Accounting Today - Fri, 2020-09-25 11:53
The new product comes after Avalara bought Compli, which provides compliance services, technology and software to producers, distributors and importers of alcoholic beverages in the United States, last year.
Categories: Accounting & Taxes

People & firms on the move: EY names two office MPs

Accounting Today - Fri, 2020-09-25 11:47
VSCPA forms Diversity, Equity & Inclusion Advisory Council; Mauldin & Jenkins launched new tax prep service; and more CPA news.
Categories: Accounting & Taxes

Tech News: OnPay debuts customizable reports, and more

Accounting Today - Fri, 2020-09-25 11:34
Wagepoint receives $10 million investment; Inflo debuts Workpapers for digital audits; and SIX releases data service for assessing tax-related costs.
Categories: Accounting & Taxes

Pandemic forces oil and gas accounting and finance teams to overhaul outdated financial systems

Accounting Today - Fri, 2020-09-25 10:57
The shutdown in March forced O&G firms to confront the inefficiencies of their financial processes.
Categories: Accounting & Taxes

U.K.’s richest person Jim Ratcliffe surfaces as Monaco resident after PwC resigns as auditor

Accounting Today - Fri, 2020-09-25 10:17
Ratcliffe and other senior Ineos executives caused tension with the company’s auditor, PwC.
Categories: Accounting & Taxes

Returns affected by e-filing outage will be timely if filed by Sept. 17

AICPA Tax Advisor - Fri, 2020-09-25 09:46
For tax returns with a Sept. 15 due date that were affected by an e-filing software outage, the IRS will treat a return and any elections that were filed with that return as timely filed if the taxpayer successfully e-filed the return and any elections by Sept. 17, 2020.
Categories: Accounting & Taxes

ACCA rolls out global mentoring program for members and affiliates

Accounting Today - Thu, 2020-09-24 18:21
The Association of Chartered Certified Accountants is members and affiliates with each other after a successful pilot test in six markets.
Categories: Accounting & Taxes

Wolters Kluwer, Thomson Reuters predict IRS inflation adjustments

Accounting Today - Thu, 2020-09-24 18:04
Wolters Kluwer Tax & Accounting and Thomson Reuters Checkpoint have released their predictions for the expected annual inflation adjustments from the Internal Revenue Service for various tax-related items.
Categories: Accounting & Taxes

CPA business execs plan to retain office space, but still allow remote work

Accounting Today - Thu, 2020-09-24 17:44
Most companies don’t expect to reduce their office space in the coming year.
Categories: Accounting & Taxes

Whitley Penn to merge in Johnson, Miller & Co.

Accounting Today - Thu, 2020-09-24 17:07
The Top 50 Firm is expanding in Texas and New Mexico with its latest deal.
Categories: Accounting & Taxes

IAASB approves new quality management standards for auditors

Accounting Today - Thu, 2020-09-24 16:16
KPMG is already starting to use the new standards to improve audit quality globally.
Categories: Accounting & Taxes

Tax Fraud Blotter: Hard to trust

Accounting Today - Thu, 2020-09-24 15:15
A Panama sentencing; ‘subcontractor’ mess; fun with funds; and other highlights of recent tax cases.
Categories: Accounting & Taxes

Tax Strategy: To defer or not to defer payroll taxes

Accounting Today - Thu, 2020-09-24 14:36
President Trump issued a presidential memorandum on Aug. 8, 2020, directing the Secretary of the Treasury to permit employers to defer the employee portion of Social Security taxes between Sept. 1 and Dec. 31, 2020. On Aug. 28, 2020, the Treasury issued Notice 2020-65, providing a few details about how the deferral should work. The White House has announced that the deferral will be put into effect for all federal employees. Many private employers remain concerned about aspects of the deferral that may lead them to decide against implementation. While the deferral period has already begun, employers could still decide to start deferral later in the period.
Categories: Accounting & Taxes

AFWA to host virtual 2020 Women Who Count Conference

Accounting Today - Thu, 2020-09-24 12:05
The annual Accounting and Financial Women’s Alliance event will be held online from Oct. 28-30, 2020.
Categories: Accounting & Taxes

COVID-19 is driving a borderless accounting profession

Accounting Today - Thu, 2020-09-24 10:28
If the pandemic has a silver lining, it’s that the global accounting world is becoming smaller and borderless.
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