Holiday shoppers will be contending not only with door-buster bargains, but also with sales taxes, which in some states can be much higher or lower than others.
The Supreme Court held a hearing last week on a case that could have far-reaching implications, challenging the authority of the state of Maryland to tax all of the income of a resident whose business pays taxes to other states and localities, while another case coming up on the Affordable Care Act promises to have even bigger ramifications.
A group of Russian lawmakers has introduced legislation that would prohibit foreign accounting firms from auditing Russian companies in which the government owns more than a 50 percent interest.
A group known as the Climate Disclosure Standards Board is readying an updated Climate Change Reporting Framework that aims to tie environmental information in with financial reporting for investors.
Hedge funds and portfolio managers often have sophisticated needs when it comes to dealing with capital gains taxes and keeping them to a minimum, and one of the wrinkles they need to deal with is a constructive sale.
Publicly traded companies in the U.S. recorded the lowest level of goodwill impairment since 2008, according to a new study.
The Association of Certified Fraud Examiners is warning about the costs to organizations of being overly complacent about financial fraud.
The Securities and Exchange Commission has been conducting a review of the effectiveness of financial disclosures by public companies within and outside of financial statements, and some investors have wondered about where forward-looking statements should fit into them.
While there are many well-equipped organizations for accountants in the United States and Europe, much of the developing world is still missing robust groups that can foster development of ethical practices for accountants and look out for their interests.
The American Institute of CPAs’ Employee Benefit Plans Expert Panel has developed some new practice aids to provide nonauthoritative guidance about the effects of recent accounting standards relating to the liquidation basis of accounting on employee benefit plans.