Baker Tilly has named golfer Cameron Smith its new brand ambassador; RSM launched its Family Office Institute; a new Examinations director at the Securities and Exchange Commission; and other firm and personnel news from across the accounting profession.
The Great Resignation, COVID-19 pandemic and economic uncertainty are transforming the marketplace and forcing companies to continue to adapt. Among these changes is the shifting relationship between employers and employees, who are now expecting much more when it comes to flexibility, career pathing, total rewards, and corporate culture. Adding to
Several hurdles remain to be resolved in an impasse over audits on U.S.-listed Chinese firms to avoid forcing companies such as Alibaba Group Holding Ltd. and Baidu Inc. off American exchanges as early as next year, a Securities and Exchange Commission official said. “While there has certainly been progress in
A group of finance leaders are coping with a steady stream of economic disruptions this year and they’re planning ahead for tax hikes and more. Potential U.S. and international tax legislation is having an impact on nearly every organization surveyed, with 87% of the 257 finance decision-makers polled in the
Agents with the Internal Revenue Service’s Criminal Investigation division raided the Houston headquarters of tax consulting firm alliantgroup, seizing computer servers Friday and prompting the firm to give employees the day off Monday until they were able to return Tuesday morning. The nature of the investigation is unknown, but is
The Internal Revenue Service issued potentially improper Recovery Rebate Credit payments totaling $898 million, according to a new report. The report, from the Treasury Inspector General for Tax Administration, noted that $79.8 million in Recovery Rebate Credits actually should have been paid to eligible individuals, but $818.5 million was paid
The American Institute of CPAs announced the 57 recipients of the 2021 Elijah Watt Sells Award. CPA candidates must have a cumulative average score above 95.50 across all four sections of the Uniform CPA Exam to receive the award, as well as pass all four sections of the exam on their first attempt
Corporate tax rates in major economies around the world have fallen to an average of just 25.1% this year, according to a study released Friday by the UHY international accounting firm network. With the COVID-19 pandemic leaving a gaping hole in the public finances of many countries, however, UHY predicts the
A busy year; must love scams; state of emergency; and other highlights of recent tax cases. Salem, Massachusetts: Tax preparer Roosevelt Fernandez, 42, has been sentenced to five years in prison and three years of supervised release after orchestrating two schemes involving COVID-19 relief funds and returns submitted using stolen
Congress gave billions of dollars in tax credits to employers in response to the COVID-19 pandemic that helped pay for providing paid sick and family leave and retaining employees, but now the IRS needs to step up its compliance efforts, according to a new report. The report, released Tuesday by