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Month: March 2023
Jeffrey Coolidge | Photodisc | Getty Images This tax season, there have been heightened concerns about IRS audits as the agency begins to deploy its nearly $80 billion in funding. While the IRS plans to hire more workers, including enforcement agents, experts say there’s no need to worry — as long as you keep proper
2022 was an extraordinary year for Accounting Today’s Top 100 Firms, with a staggering average growth rate of 18.55%, and similarly strong growth in their partner and employee figures — all recorded while the country was still emerging from the COVID pandemic. With the entry of private equity money into the accounting landscape, M&A continued
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Hinterhaus Productions | Getty Images Workers who participate in a company 401(k) plan pay fees for a host of associated services. Among them is the cost of administering the plan — for example, tracking daily fluctuations in account value, facilitating trades and issuing regular notices to investors. But based on how your employer structures its
The Global Reporting Initiative released a report Wednesday urging companies to take a due diligence approach in their sustainability efforts. The paper explains how due diligence policies set expectations for all types of corporate behavior, not just for sustainability. Topics such as tax, procurement, corruption and human rights are likely to be included in the
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Geber86 / Getty Tax procrastination happens. But if you’re still missing key forms or feeling overwhelmed, you can buy more time by filing a free tax extension. Nearly one-third of Americans procrastinate with their taxes, the top reasons being complexity and stress, according to a recent survey from IPX1031. You can avoid a late-filing penalty
1099 trouble; getting a partner out; oh BOI; and other highlights from our favorite tax bloggers. Playing nice Incoming The Tax Times (https://www.thetaxtimes.com): In what may well become the huge tax story of the second half of this year, FinCEN has issued its first guidance on reporting beneficial ownership information. Reporting requirements kick in next Jan.
Moving can be a daunting task, and for many people, it’s easier to hire a moving company to handle the heavy lifting. But for those who run a moving business, having the right equipment is essential to ensure that the move goes smoothly and efficiently. Whether you’re just starting out in the industry or are
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A woman looks through a garbage can in Manhattan in New York City. Spencer Platt | Getty Images News | Getty Images Over the last 50 years, the poverty rate in the U.S. has barely budged: Around 11% of the U.S. population was considered poor in 2019. In 1970, just about 12% was. “There is
The International Organization of Securities Commissions is encouraging the International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants to develop a more global assurance framework for sustainability-related corporate reporting. In a report released Tuesday by IOSCO, the group of international securities regulators called for early engagement with preparers, investors and
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Bill Oxford | E+ | Getty Images With the tax deadline approaching, the IRS has issued roughly 54 million refunds worth about $158 billion as of March 17, the agency reported Friday. In January, the IRS warned filers that refunds may be “somewhat lower,” and so far, the prediction has been accurate for many filers.
The International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants are moving to a new oversight body called the International Foundation for Ethics and Audit to give them more independence from the International Federation of Accountants. The move comes after the Monitoring Group, an international group of financial regulators and
We take a look at 6 interesting ETFs that made their debut in the first quarter. Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
In this article SBNY Follow your favorite stocksCREATE FREE ACCOUNT Nicoletaionescu | Istock | Getty Images When it comes to bank deposits, $250,000 is the key number experts are talking about in light of recent financial shocks in the banking sector of a severity not seen since the Financial Crisis. That amount is the threshold
The Public Company Accounting Oversight Board levied a $100,000 fine and censured Friedman LLP, a former Top 100 Firm that’s now part of Marcum LLP, for improper use of Chinese firms during audits of 12 different companies that operate in China. In a settled disciplinary order released Monday, the PCAOB sanctioned the New York-based firm
Getty Images The tax deadline is approaching, and there are still a few ways to reduce your 2022 bill or boost your refund, experts say. Once the calendar year ends, “the toolbox of options is much smaller,” said certified financial planner John Loyd, owner at The Wealth Planner in Fort Worth, Texas. He is also
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