Accounting Today
- Donor asks IRS to open fraud investigation into WE charity March 2, 2021A U.S. donor to Canada’s WE Charity said he has asked the Internal Revenue Service to open a fraud investigation into the organization after testifying that it took down a plaque on a Kenya school built to honor his dead son and replaced it with that of another donor.
- Karbon raises $10M March 2, 2021A strategic investment will help the practice management software developer support its growth worldwide.
- The risks of tax season March 2, 2021Practitioners face malpractice issues right from the start of filing, and this year may be even worse than usual.
- IRS offers guidance on employee retention credit and PPP eligibility March 2, 2021The Internal Revenue Service released guidance Monday for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program.
- SASB moves forward on standard-setter consolidation March 1, 2021The board is finalizing a merger with the International Integrated Reporting Council, while watching efforts to establish a standard-setter overseen by the IFRS Foundation.
- IRS faces delays, risks for tax season amid pandemic March 1, 2021The Internal Revenue Service needs to take action to avoid processing delays this filing season due to the COVID-19 pandemic, according to a new government report.
- Baker Tilly tops the charts in 2020 SEC audit clients March 1, 2021A major merger puts the firm in the lead at the end of a difficult year.
- Art of Accounting: Email etiquette March 1, 2021While email is the most expeditious way to communicate, we have to be mindful and thoughtful about what we choose to share before clicking send.
- Warren and other progressives propose ‘ultra-millionaire’ tax March 1, 2021Senator Elizabeth Warren, joined by Reps. Pramila Jayapal and Brendan Boyle, proposed a new wealth tax on households with a net worth of more than $50 million.
- Democrats shelve minimum wage tax to speed stimulus March 1, 2021Senate Democrats are jettisoning a proposal to penalize corporations that don’t raise the minimum wage for their lowest-paid workers in an effort to keep President Biden’s broader stimulus plan on track.