Almost no one thinks their company's falling behind because of COVID-19

The coronavirus pandemic has hit revenues at most companies around the world, but almost none of them feel that they’re lagging behind their competitors.

Almost no one thinks their company's falling behind because of COVID-19


FASB simplifies revenue rules for franchises

The Financial Accounting Standards Board released an accounting standards update Thursday, giving franchisors a practical expedient way to determine their performance obligations under a franchise agreement.

FASB simplifies revenue rules for franchises


Conversion of for-profit colleges to tax-exempt status raises concerns

Colleges and universities that changed from for-profit businesses into tax-exempt nonprofits are prompting questions about the continuing involvement of former owners and officials.

Conversion of for-profit colleges to tax-exempt status raises concerns


Tax Fraud Blotter: Kid’s stuff

Criminal harvest; going informal; any way you slice it; and other highlights of recent tax cases.

Tax Fraud Blotter: Kid’s stuff


U.S. vaccine agency diverted funds for other uses, watchdog says

U.S. officials responsible for preparing for a pandemic routinely raided funds for public health emergencies, diverting money from vaccine development to pay for other projects at the U.S. Department of Health and Human Services, a federal watchdog said Wednesday.

U.S. vaccine agency diverted funds for other uses, watchdog says


ESG responsibilities increase for accountants in 2021

The Association of International Certified Professional Accountants found that environmental, social and governance trends are increasingly becoming part of accounting and finance professionals’ job titles for 2021.

ESG responsibilities increase for accountants in 2021


Uncover financial synergies to increase working capital

To succeed in today’s disrupted business environment, finance teams need to consider all of their untapped sources of value.

Uncover financial synergies to increase working capital


Yellen boosts European optimism for global digital tax accord

German Finance Minister Olaf Scholz said President Joe Biden’s administration has shown a readiness to clinch an agreement on how to tax global tech companies, potentially overcoming an American block and paving the way for an accord later this year.

Yellen boosts European optimism for global digital tax accord


Pathways to Growth: Ready to grow? Get ready to consult!

Accounting firms need to leverage their pipelines and sales professionals for success.

Pathways to Growth: Ready to grow? Get ready to consult!


Democrats aim for SALT write-off expansion in stimulus bill

Two New Jersey Democrats are leading an effort to expand a valuable tax break for state and local levies in the next virus-relief package, a long-shot effort as lawmakers continue to squabble over the size and scope of the next round of stimulus.

Democrats aim for SALT write-off expansion in stimulus bill