Nearly 2 million more people than last year are expected to shop from Thanksgiving Day through Cyber Monday this year even as consumers have continued the trend of starting their holiday shopping earlier in the year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “We’re expecting […]
The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to improve the decision usefulness of information provided to investors about certain loan refinancings, restructurings, and writeoffs. Stakeholders are encouraged to review and provide feedback on the proposed ASU by December 23, 2021. The proposed ASU addresses areas identified by […]
Taxpayers and tax professionals face a heightened risk in coming months as fraudsters continue to use the pandemic as a way of tricking people into sharing sensitive personal information by email, text message and online. Identity thieves can use that ...
The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2022. The rates will be: 3% for overpayments (two (2) percent in the case of a corporation), 0.5% for the portion of a corporate overpayment exceeding $10,000, 3% for underpayments, and 5% for large corporate underpayments. […]
More than 200 people were on hand Nov. 18 as nearly 100 of Maryland’s newest CPAs were sworn into the profession as part of annual newly licensed CPA Swearing-In Ceremony sponsored by the Maryland Association of CPAs.
The Securities and Exchange Commission has announced the appointments of Erica Y. Williams as Chairperson, and Christina Ho, Kara M. Stein, and Anthony (Tony) C. Thompson as Board members of the Public Company Accounting Oversight Board (PCAOB).
The International Ethics Standards Board for Accountants (IESBA) has announced new board appointments and reappointments to take effect on January 1, 2022. The five new Board Members are: Mark Babington (Executive Director, Regulatory Standards, Financial Reporting Council, UK) Christelle Martin (Former Group Director, ENGIE Group, France) Felicien Muvunyi (Managing Partner, Garnet Partners, Rwanda) Luigi Nisoli […]
To accelerate performance, employers will need to focus on those individual strengths and provide opportunities for employees to develop new skills or embark on a new career trajectory with more opportunity for growth. Additionally, employers will ...