CFOs face growing demands amid coronavirus

CFOs and senior finance executives are dealing with a growing number of responsibilities and demands as a result of the novel coronavirus pandemic, according to a new report.

CFOs face growing demands amid coronavirus


The rising profile of ESG reporting

Investors and other stakeholders are showing a growing interest in environmental, social and governance reporting, according to KPMG partner Maura Hodge, and there’s a major role for auditors in serving that interest.

The rising profile of ESG reporting


FASB proposes to clarify accounting for forwards and options

The proposed accounting standards update aims to clarify an issuer’s accounting for certain modifications of equity-classified forwards and options (such as warrants) that remain equity classified after their modification.

FASB proposes to clarify accounting for forwards and options


Goldman says capital-gains tax hike would be ‘minor’ for stocks

Any capital-gains tax increase resulting from a Democratic “Blue Wave” victory on Election Day is unlikely to have a big impact on stock prices, according to Goldman Sachs Group Inc.

Goldman says capital-gains tax hike would be ‘minor’ for stocks


Samsung heirs owe billions in taxes. Here’s how they might pay

The heirs of Samsung Electronics Co. Chairman Lee Kun-hee, who died Sunday, could face billions of dollars in inheritance taxes. But that doesn’t necessarily mean they’ll have to cede control over the group by selling shares.

Samsung heirs owe billions in taxes. Here’s how they might pay


IRS extends time for $500 per child stimulus payments

The Internal Revenue Service is giving taxpayers more time until Nov. 21 to register their dependents for the $500 per child Economic Impact Payments provided under the CARES Act.

IRS extends time for 0 per child stimulus payments


Access Denied episode 1: The wealth effect

Net worth disparities and the role housing and mortgage discrimination play in Black homeownership show that it’s impossible to close the gaps without eliminating racism.

Access Denied episode 1: The wealth effect


Introducing Access Denied: Systemic racism in financial services

This five-part series is a comprehensive effort to explain the racial discrimination Black Americans face in our financial system.

Introducing Access Denied: Systemic racism in financial services


Grant Thornton wins appeal in fraud and negligence lawsuit

Grant Thornton has prevailed in an appeal by a former tax client who had sued after the firm failed to advise him of a tax strategy that potentially could have saved him over a million dollars and then allegedly tried to cover up the error.

Grant Thornton wins appeal in fraud and negligence lawsuit


IRS to resume sending balance-due notices despite pandemic

The Internal Revenue Service said Friday it would restart issuing its 500 series of balance-due notices to taxpayers later this month after they were paused on May 9 due to the COVID-19 pandemic.

IRS to resume sending balance-due notices despite pandemic