Three current and former executives from Mobile, Alabama-based shipbuilder Austal USA LLC have been charged with accounting fraud by the Securities and Exchange Commission. The commission alleges that former president Craig D. Perciavalle, current director of financial analysis Joseph A. Runkel and former director of the Littoral Combat Ships program,
The Treasury Department issued proposed new rules Friday on electric vehicle tax credits. The rules, effective from April 18, 2023, determine which EVs will be eligible for tax credits under the new “critical mineral” and battery component requirements included in last year’s Inflation Reduction Act (IRA). Both automakers and consumers
QuickBooks payroll tax table update allows QB users to utilize the most recent tax tables and calculate their payroll amounts. When the software releases the latest tax table versions, users must get them immediately to keep them in line with federal norms. Here are insights into the latest QB payroll
The American Institute of CPAs is advocating for the Internal Revenue Service to devote more of the extra $80 billion in funding that it’s receiving over 10 years under the Inflation Reduction Act to provide better service to taxpayers and tax professionals. The majority of the $80 billion is dedicated
The Global Reporting Initiative released a report Wednesday urging companies to take a due diligence approach in their sustainability efforts. The paper explains how due diligence policies set expectations for all types of corporate behavior, not just for sustainability. Topics such as tax, procurement, corruption and human rights are likely
1099 trouble; getting a partner out; oh BOI; and other highlights from our favorite tax bloggers. Playing nice Incoming The Tax Times (https://www.thetaxtimes.com): In what may well become the huge tax story of the second half of this year, FinCEN has issued its first guidance on reporting beneficial ownership information. Reporting
The Public Company Accounting Oversight Board levied a $100,000 fine and censured Friedman LLP, a former Top 100 Firm that’s now part of Marcum LLP, for improper use of Chinese firms during audits of 12 different companies that operate in China. In a settled disciplinary order released Monday, the PCAOB
QuickBooks Event id 4 error is a common occurrence arising when users attempt to launch QB Integration manager and use the app smoothly. The error interrupts the process and leads to significant troubles for the users. So let’s understand what the issue entails and how you can fix it effectively.
Like many businesses across industries, accounting firms are facing significant obstacles in their pursuits to recruit skilled workers — but, unlike in other industries, the issue is unlikely to be fixed through benefits, perks and boosted compensation. While other sectors are struggling to convince skilled candidates to join their ranks,
Victims of winter storms and blizzards in New York now have until mid-May to file various federal individual and business tax returns and make tax payments. The Internal Revenue Service is offering relief to any area designated by the Federal Emergency Management Agency. Individuals and households that reside or have a
