2020 is testing the profession’s resiliency like nothing has before, and accountants are losing sleep, skipping vacations, and working longer hours to adapt to the challenges COVID-19 has brought.
Under stress, accountants seek new tech to get through the pandemic
The service reminded taxpayers they will need to resume paying their taxes on July 15, but the AICPA is asking for further relief, as an inspector general report sheds light on the unprecedented filing season.
IRS to start collecting overdue tax payments as AICPA urges continued relief
The Association of Chartered Certified Accountants and the PrimeGlobal association of accounting firms have signed an agreement to work together on several projects.
The Institute of Internal Auditors and the International Federation of Accountants are calling on audit committees to be vigilant about risk management, performance, controls and processes during the COVID-19 pandemic.
IIA, IFAC urge audit committees to address coronavirus risks
The explosion in e-commerce since early March has resulted in a significant increase in online sales tax revenues in most states.
Coronavirus and Wayfair at 2: The perfect storm for online retailers
A “new normal” is framing day-to-day life as those in professional services return to work.
How accounting firms can reactivate their workforce after COVID-19
The Financial Reporting Council fined Grant Thornton UK LLP and sanctioned two of the auditor’s former executives for failing to maintain ethical standards, in the latest critique by regulators of accounting firms’ shortcomings.
New data shows the extent to which multinational companies shift profits around the globe to avoid tax, increasing pressure on international efforts to rewrite rules for a digital era, the OECD said.
Global firms’ profit shifting shows need for new tax rules: OECD
Apple Inc. will find out next week whether it won the first round of its bid to topple a record 13 billion-euro ($14.7 billion) Irish tax bill imposed by European Union state-aid regulators.
Prices have risen significantly in the past two years, preparers report.
