Accounting
Latest News
Report Says Undocumented Immigrants in U.S. Pay Nearly $100 Billion in Taxes
Emburse and Finexio Partner for B2B Payments
How Generative AI Will Disrupt Accounting
Mid-Market Optimism Hits Pre-Covid Record Highs
Bloomberg BNA to Co-Host Transfer Pricing Conference In Toronto
Speakers at Event on Critical Transfer Pricing Issues Include the Honourable Mr. Justice Marshall Rothstein of the Supreme Court of Canada
Higher Minimum Wages Cause Many Restaurants to Shift Practices
When California's minimum wage jumped from $8 to $9 on July 1, owners of restaurants, coffee shops and bars braced for the fallout. They would either have to bump up prices and risk losing customers or absorb the hit and deal with slimmer margins.
Feds Charge Pennsylvania Woman with Embezzling $562K
Felicia Anne Straub knew that her boss suspected someone was embezzling from the Whitehall Township repo business where she worked as an office manager.
Pay Raises for Recent College Grads Fall Short of Average
Salaries for recent college graduates have risen at less than half the pace for all U.S. workers since the recession, an analysis by the Federal Reserve Bank of San Francisco found.
Improving ‘Quits Rate’ Shows Workers Have More Confidence in Job Market
Five years into recovery from the Great Recession, the economy is still too weak to stimulate the kind of dynamic labor market in which workers routinely move from one employer to another, building their careers and bank accounts and advancing the nation's long-term growth prospects.
Michigan Supreme Court Allows Three-Factor Apportionment for Business Tax
On July 14, 2014, the Michigan Supreme Court ruled that the Multistate Tax Compact (MTC) election applies to both the modified gross receipts and net income tax bases in International Business Machines v. Michigan Department of Treasury.
FASB Redesigns Technical Agenda Website
The Financial Accounting Standards Board (FASB) today relaunched its technical agenda web page to provide a more user-friendly graphic overview of each Board project and enable visitors to better understand how individual projects relate to the Board’s overall activities. The new plan is found at fasb.org/technicalagenda.
AICPA Tells Congress to Expand Use of Cash Accounting Method
The American Institute of CPAs has voiced its support for expanding the availability of the cash method of accounting to small businesses.