Audit & Accounting
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Audit & Accounting
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Acumatica software update responds to new challenges faced by businesses
The update includes a new point-of-sale tool, advanced expense management, and a new, deep integration with Shopify.
Cash-starved cities test new approach to taxing streaming services: franchise fees
As state and local tax forecasts continue to paint a very ugly budget picture, there is little reason to doubt that officials are casting about in search of new sources of revenue.
An audit cycle unlike any other
With the incremental complexities and associated risks this year, companies and auditors cannot afford to fall behind.
Investors call for climate disclosures in company accounts
Money managers and pension funds want companies to publish their 2020 annual reports in line with guidance from the International Accounting Standards Board that calls for incorporating climate-related risks in financial statements.
By Alastair Marsh
Tax-related court cases
Tax Fraud Blotter: Foul ball
Difficult and complex; $4,000 tax on $2 million; little horse sense; and other highlights of recent tax cases.
N.J. governor, lawmakers agree to raise tax on millionaires
The tax hike will fund rebates for about 800,000 middle-class households.
By Elise Young
Democrats introduce wildfire disaster tax relief bill
A group of Senate Democrats introduced legislation to offer tax relief to individuals, businesses and states affected by catastrophic wildfires and other presidentially declared disasters.
FASB updates nonprofit accounting standards for gifts in kind
The changes would enhance the transparency of how nonprofits report contributed nonfinancial assets.
Finance, investment and tax-related legislation
New bill would give tax breaks for training employees not to spread coronavirus
Rep. Pete Olson, a Republican from Texas, has introduced a bill that would offer tax incentives to employers who train workers about best practices for reducing the spread of COVID-19 in the workplace.
Deloitte fined £15M in U.K. for Autonomy audits
The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.
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