Decreased revenues and profits weigh on finance pros during coronavirus

Managing cash flow has become the top priority for financial professionals as their businesses have seen significant drops in cash flow, revenue and profits amid the COVID-19 pandemic, according to a new survey.

Decreased revenues and profits weigh on finance pros during coronavirus


Deloitte opens legal business services practice in U.S.

Deloitte has opened a legal business services practice in the U.S., expanding a line of business it has offered abroad.

Deloitte opens legal business services practice in U.S.


Art of Accounting: Must-read books on managing a practice

Management of an accounting practice (MAP) articles and books offer a wealth of information, shared experiences, best practices and hard-learned secret sauces yet they are not taken advantage of by a large majority of accountants.

Art of Accounting: Must-read books on managing a practice


Millionaires ask for higher taxes to help pay for coronavirus aid

Dozens of millionaires from the U.S. and six other countries have a message for their governments: “Tax us. Tax us. Tax us.”

Millionaires ask for higher taxes to help pay for coronavirus aid


Better Every Day: It’s time for firms to pivot

The best time to make changes? When everything you’ve ever known has been turned upside down.

Better Every Day: It’s time for firms to pivot


July 16 hearing set in N.Y. Trump tax case after Supreme Court ruling

Donald Trump will get a chance next week to try new arguments against Manhattan District Attorney Cyrus Vance’s subpoena of his tax returns and other financial records after the U.S. Supreme Court rejected the president’s claim of immunity in the matter.

July 16 hearing set in N.Y. Trump tax case after Supreme Court ruling


IRS needs better control over employee pseudonyms

The controls over the pseudonym program used by Internal Revenue Service employees to protect their identities could be improved, according to a recent report.

IRS needs better control over employee pseudonyms


AICPA updates standard for audits of accounting estimates

The American Institute of CPAs’ Auditing Standards Board released an updated standard for auditing accounting estimates and disclosures to deal with the increased volatility of the economy this year in the midst of the novel coronavirus pandemic.

AICPA updates standard for audits of accounting estimates


DHG to hold webinar on racial injustice

The Top 20 Firm is inviting clients and the local community to a July 14 webinar centered on “addressing positive change and equality for all people.”

DHG to hold webinar on racial injustice


Congress passes bill to help nonprofits with cash flow amid coronavirus

The Senate and House passed bipartisan legislation to help nonprofits remain financially viable during the COVID-19 pandemic.

Congress passes bill to help nonprofits with cash flow amid coronavirus