A recent study found that when publicly traded companies appoint a Black CEO, their stock price generally rises. This is the conclusion borne out of a study outlined in the Strategic Management Journal. Researchers came to this conclusion after examining nearly 5,000 CEO appointments over 20 years, from 2001-2020. Specifically,
Kin capers; Easy money; just feeling frivolous; and other highlights of recent tax cases. San Diego: Attorney Elliot Adler has been sentenced to a year and a day in custody for conspiring with former Chabad of Poway Rabbi Yisroel Goldstein to commit tax fraud. Beginning at least as early as
The additional $80 billion in funding over the next decade for the Internal Revenue Service from the Inflation Reduction Act is supposed to go toward improving taxpayer service, modernizing the IRS’s outdated technology, increasing enforcement efforts, and hiring more staff to process tax returns and replace retiring employees, but many
Tipalti, which provides payment automation solutions, announced at its annual Illuminate Conference the release of its virtual corporate credit card, the Tipalti Card. The virtual card offers the ability to: Automatically capture card transactions and process them like other payment methods; Create credit or debit cards on demand, with the
Fewer clients = more income; the new car credit; the IRA’s real importance; and other highlights from our favorite tax bloggers. Just imagine Tax Pro Center (https://proconnect.intuit.com/taxprocenter/): Here’s a guy who fired his prep clients — and quadrupled his income. Mauled Again (http://mauledagain.blogspot.com/): For the anti-tax group and for those
Republicans on the Senate Finance Committee introduced legislation Monday to deter the Internal Revenue Service from using the $80 billion in extra funding from the Inflation Reduction Act to increase audits of taxpayers and small businesses earning under $400,000 per year. IRS Commissioner Chuck Rettig and Treasury Secretary Janet Yellen
Victims of the water crisis that began in Mississippi on Aug. 30 now have until February to file various individual and business returns and make tax payments. Following the recent disaster declaration issued by the Federal Emergency Management Agency, the Internal Revenue Service said that affected taxpayer individuals and households
The number of people who think they’re financially savvy but really aren’t has increased over time. Researchers, in a recent study, found that not only do many people overestimate their financial literacy — the number of such people has grown over the years. The study’s authors (from Ohio State University,
Carr, Riggs & Ingram, a Top 25 Firm based in Enterprise, Alabama, has expanded its presence in the Atlanta area by adding Brown, Nelms & Co., a firm based in Peachtree City, Georgia, for an undisclosed sum. Brown Nelms earned $3.7 million in annual revenue and will add 18 staff
Grant Thronton, Chicago, named Fair Opportunity Project to its Purple Paladin program, which helps emerging nonprofit organizations move from “start-up to unstoppable.” Fair Opportunity Project works to make college more affordable by providing personalized mentoring, a downloadable step-by-step college application guide, a self-guided video course, virtual office hours, college essay