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Category: NYT Accounting News
Francine victims in Louisiana get tax relief
The IRS has postponed payment and filing deadlines for those affected by the storm.
3 client scenarios that highlight tax advantages of donor-advised funds
The accounts are expected to grow by another trillion dollars over the next decade because of their tax and flexibility advantages, Daffy CEO Adam Nash said.
Treasury, IRS propose rules on excluding Tribal general welfare benefits from income
The Treasury Department and the Internal Revenue Service issued a Notice of Proposed Rulemaking on Friday to implement Section 139E of the Tax Code, created by the Tribal General Welfare Exclusion Act of 2014, excluding from gross income the value of any Tribal general welfare benefit.
China Fines PwC $62 Million for Botching Its Work for Evergrande
Authorities also imposed a six-month suspension on the local operations of the global firm, which was once a dominant auditor in China.
Show financial leadership via the art of storytelling
Storytelling has many practical applications for accountants. Here’s how to SPAR with your audience.
AICPA, NASBA propose alternative to 150 hours
Instead of completing 150 credit-hours, this pathway would allow candidates with a bachelor’s degree to earn their CPA by demonstrating their professional and technical skills.
China levies record penalty on PwC over Evergrande fraud
China suspended the operations of PricewaterhouseCoopers LLP for six months and imposed a record penalty over lapses in its auditing of China Evergrande Group.
Tech News: Oracle NetSuite announces new procurement solution
Plus, Gusto announces “Gus” AI; Boost launches cross-border payment solution; and other accounting tech news.
Tax Fraud Blotter: Mass misdeeds
Noted; loan sharks; lowering the Boomer; and other highlights of recent tax cases.