Ernst & Young issued an audit quality report describing the steps that the Big Four firm is taking to increase auditing quality control. In the report, EY pointed to the improvement in inspection results last year from the Public Company Accounting Oversight Board. The PCAOB released its 2020 inspection results
The American Institute of CPAs sent a letter to Congress’s tax-writing committees asking lawmakers to reconsider the rules around the corporate minimum tax rate that’s currently part of the reconciliation bill now under consideration. While many of the tax proposals seem to have been dropped by Democrats from the Build
Sax, Parsippany, gave its fourth annual Founders’ Award to Fighting Children’s Cancer Foundation, awarding the nonprofit a $15,000 unrestricted gift for best embodying this year’s theme of “Imagination.” Nearly 150 nonprofits submitted videos for their chance to win the award. (Read the full story.) The New Jersey Society of CPAs,
The Internal Revenue Service is sending notices to taxpayers who deferred their Social Security taxes last year, warning them that half the taxes will be due by the end of this year. In an email to payroll professionals Friday, the IRS said that it’s sending informational-only CP256V Notices to self-employed
President Joe Biden told House Democrats in a private meeting Thursday that his presidency and their political fortunes depend on passage of his multitrillion-dollar economic agenda — yet it was unclear whether his warning would unite the party’s factions. “I don’t think it’s hyperbole to say that the House and
The Internal Revenue Service is giving victims of Hurricane Ida in some parts of Mississippi until Jan. 3, 2022 to file their individual and business tax returns, although the Nov. 1, 2021 deadline still applies to the rest of the state. The deadline extension comes after a disaster declaration by
Every year, Accounting Today asks a panel of experts (all practicing accountants) for a list of their favorite apps. This year, we included picks from readers as well. The results are a mix of accounting and finance apps that work particularly well with central accounting software; as well as other
The Internal Revenue Service’s Taxpayer Advocate Service helped thousands of taxpayers last year with economic impact payments under the CARES Act, but it took months to start addressing them, often with the wrong cases. A new report, released Monday by the Treasury Inspector General for Tax Administration, found that soon
The Internal Revenue Service issued guidance Friday to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market. The guidance comes in the form of two new frequently asked questions that it added to its web
Top 100 Firm Eide Bailly announced the winners of its 2021 Nonprofit Resourcefullness Awards, highlighting nonprofits across Arizona, Colorado, Minnesota, Nevada and North Dakota for their creativity regarding “sustainable revenue ideas.” Grand prize winners received $10,000, with one $5,000 honorable mention award going to the Cochise College Foundation in Arizona.
