The International Federation of Accountants released a call to action this month urging CFOs and other finance leaders to improve the quality of sustainability information and processes by championing an “integrated mindset.” IFAC has been involved in bringing together the various standard-setters in the environmental, social and governance reporting space
It’s been said: “Getting money and keeping money are two different skills.” Another familiar expression is: “Money talks: It says goodbye.” You’ve heard the stories of professional athletes who got into financial trouble and lottery winners who went bankrupt. When things are going well, too many people think money comes
An estimated 800 sales tax bills are under consideration by state legislators each month, according to a new report, as lawmakers grapple with the complexity of sales and use tax four years after the Supreme Court handed down the South Dakota v. Wayfair decision. The report, released Wednesday by the
The Internal Revenue Service has issued FAQs regarding the reinstated Superfund chemical excise tax, detailing what the tax is, how it’s computed and who may be liable. The Superfund chemical taxes are reported on Form 720, “Quarterly Federal Excise Tax Return” and Form 6627, “Environmental Taxes”. The excise taxes imposed on
The International Sustainability Standards Board is reaching quorum strength with the appointment of two new members. The addition of Jeffrey Hales, chairman of the Sustainability Accounting Standards Board and an accounting professor at the University of Texas, and Michael Jantzi, a member of the board of directors at the Value
The pandemic had a devastating impact on many businesses, and they faced unforeseen challenges. Retaining employees and maintaining their salaries was a hurdle many sought relief from by requesting an SBA-backed loan through the Paycheck Protection Program or filing for an ERC. However, after the Consolidated Appropriations Act of 2021
Everyone is feeling the effects of higher inflation. Forbes reports even during the low-inflation environment pre-pandemic, the cost of a four-year college education was increasing at twice the rate of inflation. Put another way, between 1985/86 to 2017/18, tuition rose by 497 percent. If your client’s child attends college, it
Is the shuttering of expense management app maker ClearSpend a sign the space is ready for consolidation or just an unfortunate circumstance? In my career, I’ve covered the rise and fall of many industries, beginning with the dotcom bubble. One thing that period taught me is that technology markets tend
Lack of Faith; concerted and conscious; Pipe schemes; and other highlights of recent tax cases. Galloway, New Jersey: Tax preparer Michele Griffin, 42, has been sentenced to a year and a day in prison for using false information to inflate clients’ refunds and filing her own false returns. Griffin, who
While the LGBTQIA+ community and supporters view many advancements as slam-dunk decisions, things often play out differently in the public sphere. To achieve progress requires continued support politically, legally, and economically. Tax planning for the LGBTQIA+ community is necessary, with the potential to amend prior year income tax returns to
