The Justice Department directed the Treasury Department to hand over former President Donald Trump’s tax returns to Congress, a move that means six years of Trump’s personal and business financial information could become public. “We conclude that the secretary must comply with the Ways and Means Committee’s June 16, 2021
A warning from the Securities and Exchange Commission about accounting for the warrants used by special purpose acquisition companies has prompted hundreds of them to issue financial restatements. SPACs, also known as blank-check companies, have become an increasingly popular way for companies to go public by merging a privately held
Business accounting is a challenging game, and QuickBooks makes it easy on so many levels for its users. It comes up with a plethora of features that automate the generation of reports, filing of taxes and forms, creating invoices and bills, etc. However, a part of it requires manual expertise
When it comes to making choices about technology, the key to success is embracing the right tools, which accountants have been largely reactive in doing. During his energetic AICPA Engage talk, Ford Baker and his colleague, Joe Abesamis, discussed a major hurdle faced by accountants: the fact that accounting is
New entrepreneurs encounter uncharted territory as they navigate all they must do to create their legal business entities. I’ve no doubt that you’ve fielded many questions from your clients who aspire to become business owners. Understanding the paperwork required to start a company is one of many things your clients
A Senate proposal to ramp up IRS surveillance over cryptocurrency transactions has the industry and investors questioning the plan’s viability and its promise of generating $28 billion in tax revenue. Cryptocurrency exchanges, investors and their advisers were caught off guard Wednesday when a bipartisan Senate infrastructure agreement was released that
The Los Angeles art dealer Douglas Chrismas has surrendered to the F.B.I. and a trial date has been set for September.
In 2020, auditors had a get out of jail free card in dealing with the newness of remote work and the impact on personal and professional lives, but not when it came to producing the high-quality work we always do. Like so many other industries, these changes created challenges, but
Sage has launched Sage 20 for 20, an accountant accelerator program designed to provide partners with solutions and resources essential to grow and scale their business. Specifically, in exchange for 20 customer referrals a quarter, participating partners will have exclusive access to a cloud tech stack for firm growth and
Global companies are benefiting from a prolonged decline in tax rates and continue to shift profits between jurisdictions to further cut their bills, new data from the OECD showed. In its annual update of a database designed to help governments analyze tax flows and make firms pay their fair share,
