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Accounting & Taxes

Adviser highlights ‘accounting irregularities’ at GP Global

Accounting Today - Fri, 2020-10-16 10:16
Troubled commodities trader GP Global Group has “accounting irregularities” in its books, according to the restructuring adviser hired to salvage the company’s assets.
Categories: Accounting & Taxes

Tax Fraud Blotter: Rough waters

Accounting Today - Thu, 2020-10-15 19:25
Three defaults and you’re out; scheme of several years; misstep by misstep; and other highlights of recent tax cases.
Categories: Accounting & Taxes

Open Tax Questions under the SECURE Act

J K Lasser - Thu, 2020-10-15 18:45
The SECURE Act made some major changes in retirement plans and IRAs. It also has left many unanswered tax questions. There continues to be many that still lack clarity because the IRS has not addressed them. This presents challenges to taxpayers filing returns and businesses engaging in certain activities. Everyone must do the best under [...]
Categories: Accounting & Taxes

AICPA announces CPA Exam Scholarship recipients

Accounting Today - Thu, 2020-10-15 15:51
Fifty U.S. CPA Exam candidates received scholarships to help cover the cost of exam prep, worth $1,500 each.
Categories: Accounting & Taxes

PCAOB board member Kaiser departs, chief auditor Zietsman takes his place

Accounting Today - Thu, 2020-10-15 15:27
James Kaiser, a member of the Public Company Accounting Oversight Board since 2018, is leaving the PCAOB and will be replaced by chief auditor Megan Zietsman in another sign of turmoil at the audit overseer.
Categories: Accounting & Taxes

FBAR deadline is extended

AICPA Tax Advisor - Thu, 2020-10-15 13:55
Treasury’s Financial Crimes Enforcement Network announced that this year’s deadline to e-file FinCEN Form 114, Report of Foreign Bank and Financial Accounts, on the Bank Secrecy Act E-Filing System has been extended.
Categories: Accounting & Taxes

IRS sets end date for faxing refund claim forms amid coronavirus

Accounting Today - Thu, 2020-10-15 13:47
The Internal Revenue Service is giving taxpayers until the end of the year before it stops its temporary procedures for faxing in Forms 1045 and 1139 for claiming tentative tax refunds.
Categories: Accounting & Taxes

Audit committees and corporate ESG commitment: ‘Prove it’

Accounting Today - Thu, 2020-10-15 12:43
These five questions can help companies demonstrate the seriousness of their environmental, social and governance promises.
Categories: Accounting & Taxes

3 keys to a better online presence

Accounting Today - Thu, 2020-10-15 12:19
Your firm’s online presence has never been more critical to your success.
Categories: Accounting & Taxes

Billionaire Robert Smith to pay $140M over tax probe

Accounting Today - Thu, 2020-10-15 11:51
Smith will acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax havens.
Categories: Accounting & Taxes

France to go ahead with digital tax, risking U.S. tariffs

Accounting Today - Thu, 2020-10-15 10:41
French Finance Minister Bruno Le Maire is keeping Europe on course for a trade battle with the U.S. over the taxation of tech giants like Facebook and Alphabet Inc.’s Google.
Categories: Accounting & Taxes

Tax burden equal to 70% rate crushes Americans unable to pay

Accounting Today - Thu, 2020-10-15 10:31
Millions of low-income Americans are locked into poverty thanks to U.S. tax policy, Federal Reserve Bank of Atlanta researchers say.
Categories: Accounting & Taxes

Ted on Tech: Office in a box — what the post-COVID office looks like

Accounting Today - Thu, 2020-10-15 10:00
Examine your pre-pandemic workflows, don't skimp, and you'll be set up for success.
Categories: Accounting & Taxes

QR codes added to IRS balance-due notices

Accounting Today - Wed, 2020-10-14 15:30
The technology is aimed at helping taxpayers navigate the agency’s website.
Categories: Accounting & Taxes

PCAOB board member blasts agenda change

Accounting Today - Wed, 2020-10-14 15:25
J. Robert Brown criticized recent moves by the Public Company Accounting Oversight Board to strip down its research and standard-setting agendas without proper consultation.
Categories: Accounting & Taxes

Crowe and BKD release year-end tax-planning guides amid coronavirus and election

Accounting Today - Wed, 2020-10-14 14:00
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.
Categories: Accounting & Taxes

Social Security benefits going up 1.3% in 2021

Accounting Today - Wed, 2020-10-14 13:19
The COLA increase will provide some relief next January to 64 million Social Security beneficiaries and 8 million SSI recipients during the coronavirus pandemic.
Categories: Accounting & Taxes

Trump vs. Biden: Whose tax plan makes for good tax law?

Accounting Today - Wed, 2020-10-14 11:20
This article looks at a few key components of the presidential nominees' tax positions.
Categories: Accounting & Taxes

2021 Social Security wage base announced

AICPA Tax Advisor - Wed, 2020-10-14 11:00
The Social Security Administration announced that the maximum amount of wages subject to the old age, survivors, and disability insurance tax will increase to $142,800 in 2021 from $137,700 in 2020.
Categories: Accounting & Taxes

Trump asks Supreme Court to block N.Y. subpoena for taxes

Accounting Today - Wed, 2020-10-14 09:59
President Donald Trump has asked the U.S. Supreme Court to block a federal appeals court decision that would permit the district attorney in Manhattan to get his tax filings and other financial records as part of a criminal investigation.
Categories: Accounting & Taxes


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    Cider Mill Professional Center, Building C-102
    1570 S Canfield Niles Road
    Youngstown, Ohio 44515 
  • Phone:330 779 0781