In Brief In the past decade, sustainability has moved from the periphery to become central in the global efforts to promote economic development, foster trade,…
During my sophomore year in high school, I made the conscious decision that I would never depend on anyone for anything, and I took ownership…
Industrial Production Index Industrial production improved in the latest report, due largely to better output of automobiles and parts following the settlement of the GM…
With stocks at or near record levels, prudent financial planning might call for taking defensive measures. One strategy could be to focus on dividend-paying stocks.…
Voices of the Profession: Interview with the UN’s Chantal Line Carpentier
Leading the Way on Sustainable Development
In the past decade, sustainability has moved from the periphery to become central in the global efforts to promote economic development, foster trade, and lift…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
In a recent article “Who’s to Blame for Ransomware Attacks—Beyond the Attackers?” (SearchSecurity, July 2019, http://bit.ly/38txRda), Kevin McDonald of Avalka Networks discussed the issue of responsibility…
The Next Generation of Internal Audit
Harnessing Value from Innovation and Transformation
The forces of innovation and technological advancement continue to transform business. CPAs and finance professionals, as the scorekeepers of commerce, are looking for ways to…
Lost Life Insurance and Annuities
Accounting for Missing Assets for Probate and Estates
Identifying undisclosed assets and unknown accounts for probate administration can be a challenging task under the best of circumstances. Decedents often leave behind a confusing…
During my sophomore year in high school, I made the conscious decision that I would never depend on anyone for anything, and I took ownership…
In Brief Auditors bear many responsibilities to their clients, but they also have a duty to uphold the public trust. The negative actions of clients…
Investing In Qualified Opportunity Funds with Irrevocable Grantor Trusts
A Powerful Combination to Reduce Taxes
For many families, estate planning is driven by a desire for reassurance that the assets they have built will be in place for future generations.…
In Brief The Tax Cuts and Jobs Act of 2017 lowered the corporate tax rate, but not all of its provisions reduced the effective corporate…
ASU 2016-15 and GAAP Treatment of Securitization-Related Cash Flows
Catching Up to the Fast-Moving Financial Sector
The securitization of trade receivables is a multibillion-dollar sector, and it is growing. It is vitally important that U.S. GAAP correctly reflect the economics of…
Among the tax benefits available to homeowners, one of the most useful is the “principal residence exclusion” provided by Internal Revenue Code (IRC) section 121,…
Cryptocurrency is here to stay. As of November 17, 2019, the top five cryptocurrencies by market capitalization had a combined value of approximately $196 billion,…
There will be no shortage of activity in the tax landscape in 2020, and with the upcoming presidential and congressional elections, tax-related issues may dominate…
To fund the government through the end of its 2020 fiscal year and provide funding for various projects and purposes, Congress passed a massive spending…
The Daily Deal Sales Tax Trap
What CPAs Need to Know
In Brief Companies that provide daily deal vouchers on discounted goods and services, such as Groupon, have grown in popularity with consumers. Ensuring that the…
Leading the Way on Sustainable Development
An Exclusive Interview with the UN’s Chantal Line Carpentier
In Brief In the past decade, sustainability has moved from the periphery to become central in the global efforts to promote economic development, foster trade,…