CohnReznick LLP‘s restructuring & dispute resolution practice was honored twice in the 2021 Turnaround Atlas Awards from Global M&A Network: It won Turnaround of the Year in the Small Markets Category for its restructuring work on bakery restaurant chain Le Pain Quotidien, and Chapter 11 Restructuring of the Year in
Imagine I asked you to buy a digital copy of a painting I created and then burned. Perhaps you would be interested in my singing abilities and would buy a sound clip that I would record and put up for sale for a few hundred dollars. If you purchased any
As businesses ramp back up, they need to hire in a tight labor market. Luckily, the Work Opportunity Tax Credit (WOTC) may help for select workers. The WOTC has expired and been reinstated by Congress numerous times in the past. However, the tax law passed late last year—the Consolidated Appropriations
Just joining us? We invite you to go back to part one. It focused on the tax rules for profits from sales of personal residences. Part two discussed President Biden’s proposal for long-term capital gains. He hopes Congress will replace the present top rate of 20 percent for profits from
Democratic senators rejected any attempt by Republicans to set conditions for increasing the federal debt limit, showcasing an escalation in partisan bickering as a two-year suspension of the ceiling approaches expiration. “Nobody is going to hold the American economy hostage, period, full stop,” Senate Finance Committee Chair Ron Wyden said
What could you accomplish if you had an additional 1 percent of revenue in your firm’s IT budget? The answers will be unique to each firm, but I can think of a few places many should consider. Pay Off Technical Debt Technical debt happens when firms choose to save money
The Wall Street Journal reported on July 1, 2021, that the International Accounting Standards Board, the accounting body that sets the financial reporting rules of public companies in more than 140 jurisdictions ― but not in the U.S. — got a new chief: Mr. Andreas Barckow, who until now served
OnPoint Audit from CPA.com and CaseWare was built to provide an efficient workflow that reduces manual data entry and redundancies and permits transparent collaboration between colleagues and their clients. Hosted on CaseWare Cloud, OnPoint Audit is the newest solution added to the OnPoint suite of audit and assurance products, offering firms
The Governmental Accounting Standards Board proposed guidance Monday on various accounting and financial reporting issues that were identified during implementation, application and due process on its standards. The issues covered by the exposure draft of the omnibus statement include accounting and financial reporting for exchange or exchange-like financial guarantees; and
Many clients working 9-5 jobs dream of owning their own businesses. As their accountant, you realize their idealized view is not the reality. Regardless, many people take that big step and start their own businesses. Some start small and grow to big operations. Other clients buy into a franchise. Some
