December 9, 2016

Marks Paneth Offers Paid Parental Leave

The New York-based accounting and advisory firm Marks Paneth LLP has expanded its benefits package to provide paid parental leave firm-wide.

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Posted by Michael Cohn at 04:51PM | Comments (0)

December 8, 2016

House Passes Bill to Recover Taxes Paid by Injured Vets

The House passed legislation this week enabling veterans who were injured in combat to recover any income taxes improperly collected by the Department of Defense on their disability severance payments.

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Posted by Michael Cohn at 05:09PM | Comments (0)

December 7, 2016

KPMG Offers Overview of Washington's Tax Reform Process

KPMG has released a report providing an overview of the tax reform process in Washington, D.C., as the incoming Trump administration prepares to push for the biggest tax overhaul in three decades with Republicans dominating both houses of Congress and the executive branch of government next year.

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Posted by Michael Cohn at 04:23PM | Comments (1)

December 6, 2016

Get Ready for Blockchain's Big Impact

Accountants need to watch out for the wide-ranging impact of blockchain, a technology popularized by digital currencies such as bitcoin.

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Posted by Michael Cohn at 05:40PM | Comments (0)

December 5, 2016

Compensation Study Released for CFOs, Controllers, Accounting Managers

The CFO Alliance has released a study examining the compensation programs offered to CEOs, CFOs, controllers, accounting managers and marketing and sales executives at mid-market companies.

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Posted by Michael Cohn at 04:46PM | Comments (2)

November 29, 2016

Foreign Tax Havens Cost U.S. Small Businesses

Small businesses in the U.S. on average pay an extra $5,128 in taxes to make up for revenue lost to the use of offshore tax havens by multinational corporations, according to a new study.

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Posted by Michael Cohn at 03:14PM | Comments (3)

November 23, 2016

SEC Comment Letters Spur Corporate Tax Compliance

The Securities and Exchange Commissionís comment letters to public companies on their tax disclosures are prompting better tax compliance, according to a new study.

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Posted by Michael Cohn at 02:54PM | Comments (0)

November 22, 2016

Household Employment Tax Changes May Be Coming under Trump

Donald Trumpís incoming administration may decide to make some changes in tax policy for household employers and employees, including an idea that Trump credited to his daughter Ivanka to allow parents to deduct childcare expenses from their taxes.

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Posted by Michael Cohn at 05:27PM | Comments (0)

November 21, 2016

Tax Reform Prospects Still Uncertain under Trump

The prospects for tax reform in an incoming Trump administration with a Republican-dominated Congress appear more likely, but thatís assuming Congress will be able to get over its traditional dysfunction.

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Posted by Michael Cohn at 06:08PM | Comments (1)

November 18, 2016

Barfield Murphy Celebrates 25th Anniversary with Music Video

Barfield, Murphy Shank & Smith CPAs has released a humorous new music video to commemorate the Alabama firmís 25th anniversary: ďCPAs on Fleek: XXV.Ē

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Posted by Michael Cohn at 04:03PM | Comments (0)