PFS Financing Corp., an active issuer of asset-backed securities backed by insurance premium finance loans, is preparing a $300 million issuance. In PFS Financing Corp. 2021-B, the revolving pool of loans will be secured by investors’ rights to receive amounts from insurance companies should borrowers fail to repay the latter
Contrary to the dire predictions at the time, the massive overhaul of the nation’s Tax Code during Donald Trump’s presidency had a negligible initial impact on the nation’s domestic migration patterns, new data from the Internal Revenue Service show. The Tax Cuts and Jobs Act of 2017 capped the deduction
The International Financial Reporting Standards Foundation is looking for a chair and vice-chair of the International Sustainability Standards Board, which sets the global environmental, social and governance reporting standards. The IFRS Foundation trustees put out a call for nominations Monday as the latest step toward the possible establishment of a
Writing something that people would want to read is essential to establishing yourself as an expert, publicizing your practice, sharing what you know and your experience, and learning more about your topic. Further, by letting your clients and contacts know about it, your reputation will start to be established and
President Joe Biden’s proposed tax hikes are forecast to bring in $3.6 trillion over the next decade, the Treasury Department said Friday, a key funding source for the $4 trillion he hopes to spend remaking the American economy and social safety net. The figure, representing the sum of all tax
Bookkeep gets $3.3 million to develop data entry automation Bookkeep, which makes data entry automation software for accountants, has closed its first venture-financing round, attracting $3.3 million. Bookkeep.com’s SaaS application aggregates financial data from e-commerce and point of sale systems, then summarizes and posts the data to the accountant’s accounting
President Joe Biden’s push for the first major federal tax increase since 1993 now rests on the shoulders of Richard Neal. It’s a career moment that comes full circle for Neal, who chairs the House committee responsible for writing the legislation. He joined the key tax-writing body during the battle
If the COVID-19 pandemic has taught us anything, it’s that accountants really can work from anywhere — which means they are free to cast a much wider net when it comes to figuring out where, exactly, they want to live. Rather than putting on a blindfold and throwing a dart
Thomas J. Watson started the “Think” slogan in 1911 while still at National Cash Register. He brought the slogan with him to IBM, and it became a trademark in 1914. He also stated, “The trouble with every one of us is that we don’t think enough.” IBM has continued to
The Biden administration released the outline of its American Families Plan on April 28, 2021. The focus of the plan is to extend the tax breaks enacted as part of the American Rescue Plan Act for lower- and middle-income taxpayers. These tax breaks would be paid for with tax increases