Finance ministers and central bank governors from G7 countries are asking the recently established International Sustainability Standards Board to go beyond climate change disclosures to set standards in other areas related to nature and social issues. In a wide-ranging communique — issued during a Friday meeting in Germany of international
The American Institute of CPAs announced the 57 recipients of the 2021 Elijah Watt Sells Award. CPA candidates must have a cumulative average score above 95.50 across all four sections of the Uniform CPA Exam to receive the award, as well as pass all four sections of the exam on their first attempt
Corporate tax rates in major economies around the world have fallen to an average of just 25.1% this year, according to a study released Friday by the UHY international accounting firm network. With the COVID-19 pandemic leaving a gaping hole in the public finances of many countries, however, UHY predicts the
International consulting firm Leyton announced the release of REV by Leyton, a digital tax platform aimed at startups and small businesses to help them identify tax credits they might qualify for, starting with R&D and employee retention credits. Other types of credits are expected to be added to the platform at
Accounting workflow automation provider Lockstep announced the release of Lockstep Inbox, a free automated inbox application designed specifically for accountants. The solution streamlines workflows through a shared Accounting Inbox, in contrast to personal inboxes, which each stand in their own silo. Specifically, the new solution offers the ability to: Monitor
With apps being used more than ever in accounting, these professionals have a chance to take some control over where technology and vendor relations go. Accounting technology has been at an inflection point before, but not quite at the level it’s at now. Some in practice can think back to
IRS Collections is an enigma and a different kind of animal from the rest of the IRS. There are hard and fast deadlines that must be met or the taxpayer can lose their rights. What typically happens is that you acquire a collections client when these deadlines have passed. To
The International Sustainability Standards Board hopes to establish a comprehensive “global baseline” of sustainability disclosures and described some broad steps Wednesday to achieve it by the end of the year. Establishing a global baseline would reduce the fragmentation of sustainability disclosure requirements, according to the ISSB, and lessen the costs
There could be a number of reasons why your business clients may want to add new members to their LLC. Perhaps they need funds and have decided to bring on additional owners for their financial investment. Maybe they want to expand their LLC’s services and feel the best way to
If you’re just joining us, go back to the first three columns in this series. There, you’ll find an overview of the basics of Form 1040-X, Amended U.S. Individual Income Tax Return, formerly Form 1040X. I also offered advice on how to submit a 1040-X. The Internal Revenue Service sets deadlines for filing
