The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected. Not only do the new leases standards, FASB’s ASC 842 and GASB’s Statement No. 87, require entities to put operating leases on
Staff continually are being promoted to partners. There are many qualities that make a partner and many times it is not one big thing but many small things. Here are some qualities of some people that became partners at Withum. Each incident is not an aha moment, but these are
Part of Allen Weisselberg’s legal troubles began when his former daughter-in-law couldn’t get the numbers in her divorce proceedings to add up. Jennifer Weisselberg says she was befuddled. The lifestyle she’d shared with her ex-husband, Barry Weisselberg — including an apartment overlooking Central Park and tuition for two children at
The European Union’s digital chief will meet U.S. Treasury Secretary Janet Yellen next week as the EU delayed plans for a digital levy after a potential global tax breakthrough. Margrethe Vestager, the EU’s executive vice-president for digital issues, is now due to propose a new EU tax on technology companies’
During tax season, your priorities are clear: Knock out as many returns as you possibly can. But now we’re at the time of year when your phone’s not ringing off the hook and you can finally spend some time working on your business, not just in your business. It’s easy
Accountants, it seems, like their offices more than most people. In a recent survey of close to 500 managers, executives and senior leadership in banking, financial planning, fintechs, financial services, accounting and other related industries, leaders at accounting firms were far more likely to be working full-time at their firms’
National Taxpayer Advocate Erin Collins pointed to continuing backlogs at the Internal Revenue Service and difficulty reaching telephone assistance in a report to Congress Thursday. The Taxpayer Advocate Service’s midyear report to Congress praised the IRS for its efforts in processing most tax returns and issuing most Economic Impact Payments
Better enforcement; for fans of tax crime; partner sabbaticals please; and other highlights from our favorite tax bloggers. Hot topics Taxbuzz (https://www.taxbuzz.com/blog): Partisan bickering over tax rates is a constant, but when five of the nation’s former Treasury secretaries agree on something, it’s time to take notice. In response to
Matthew Walach recalls a colleague passing along a valuable lesson a dozen or so years ago, when he was pressured to dress in a suit for a video meeting with a big video game client in Vancouver. The client joined the call in a cowboy hat and immediately teased the
The Internal Revenue Service is focusing on cryptocurrency tax evasion with virtual currencies like Bitcoin and nonfungible tokens, employing data analytics to uncover transactions that crypto users assumed were hidden. The IRS has been training its spotlight on crypto users, adding a question to the front page of the tax
