The final wording of the communique is subject to ongoing debates.
Category: NYT Accounting News
5 warning sides of a bad ERC claim
Double-dipping on wage claims and saying masks disrupted operations are just two new hallmarks of bad Employee Retention Credit claims.
IRS not fully complying with TikTok ban
The Internal Revenue Service isn’t in full compliance with the federal government’s guidance for removal of TikTok from devices, according to a new report.
Some countries see encouraging signs in accounting pipeline
The accountant shortage remains an acute challenge in the U.S. and other parts of the globe, but some countries may be experiencing a comeback.
Reflections from a conference host
I volunteered as a conference host to meet the people in the field doing the hard work of government financial management every day.
Tax Fraud Blotter: Against the grain
Kratom ka-boom; what a sport; treed; and other highlights of recent tax cases.
Broker-dealer audits continue to have high deficiency rates
The PCAOB issued its annual report on its audits of brokers and dealers and noted that it’s seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.
Tax practitioners both excited and concerned about gen AI
A recent survey of tax professionals has found that practitioners hold both excitement and concerns about generative AI, though there is slightly more of the latter than the former.
Automating AR processes brings transformative benefits
Companies that lag in making payments more streamlined have the potential of risking customer dissatisfaction and falling behind competitors.
UBS questioned by senator over $350M tax evasion case
UBS Group AG was asked by a powerful U.S. lawmaker about whether the bank it acquired, Credit Suisse Group, failed to report an American accused of evading taxes on $350 million in income.