Dubai Chartered Accountant

Showing posts from July, 2021Show all

Trump’s tax returns can be released to Congress, DOJ says

Trump’s tax returns can be released to Congress, DOJ says

SPAC restatements proliferate in wake of SEC warning

SPAC restatements proliferate in wake of SEC warning

IRS to scrutinize EIN holders’ information

IRS to scrutinize EIN holders’ information

FASAB releases standard for accounting and reporting for federal land

FASAB releases standard for accounting and reporting for federal land

Maximize your marketing: 3 proven tools used by high-growth firms

Maximize your marketing: 3 proven tools used by high-growth firms

Small firms are big targets for hackers: Engage

Small firms are big targets for hackers: Engage

Wealthy Americans targeted by U.S. in Panama tax-fraud probe

Wealthy Americans targeted by U.S. in Panama tax-fraud probe

Crypto surprise rattles industry in rare bipartisan tax plan

Crypto surprise rattles industry in rare bipartisan tax plan

Small firms need to be persistent to attract diverse talent: Engage

Small firms need to be persistent to attract diverse talent: Engage

Coming together to advance Black CPAs

Coming together to advance Black CPAs

On the move: CalCPA installs new chair

On the move: CalCPA installs new chair

IRS expands paid leave tax credit to encourage vaccinations

IRS expands paid leave tax credit to encourage vaccinations

Corporate tax increases move closer to reality

Corporate tax increases move closer to reality

Tax Fraud Blotter: Bad performances

Tax Fraud Blotter: Bad performances

Risk-taking is critical for women in accounting: Engage

Risk-taking is critical for women in accounting: Engage

How technology can generate advisory services and creative thinking

How technology can generate advisory services and creative thinking

To reduce turnover at your firm, align learning with employee engagement

To reduce turnover at your firm, align learning with employee engagement

SALT cap is hurting New York City, Adams tells house lawmakers

SALT cap is hurting New York City, Adams tells house lawmakers

Poorest risk missing out on $13B U.S. child benefits

Poorest risk missing out on $13B U.S. child benefits

New IRA product allows for tax-free Bitcoin mining

New IRA product allows for tax-free Bitcoin mining

Senators eye cryptocurrency taxes to fund infrastructure plan

Senators eye cryptocurrency taxes to fund infrastructure plan

Biden’s two-front economic agenda makes headway in Senate

Biden’s two-front economic agenda makes headway in Senate

Tax data reveal firms shifting profits and paying lower rates

Tax data reveal firms shifting profits and paying lower rates

Britney Spears asks PwC alum to take over conservatorship

Britney Spears asks PwC alum to take over conservatorship

Rapid change, uncertainty to remain hallmarks of profession, say AICPA leaders

Rapid change, uncertainty to remain hallmarks of profession, say AICPA leaders

SBA to open streamlined PPP loan forgiveness portal

SBA to open streamlined PPP loan forgiveness portal

Congress proposes to restore tax deductions for performing artists

Congress proposes to restore tax deductions for performing artists

EY creates blockchain solution to global tax challenge

EY creates blockchain solution to global tax challenge

COSO offers guidance on enterprise risk management in cloud computing

COSO offers guidance on enterprise risk management in cloud computing

Nearly 500 taxpayers had over $150M in their IRAs

Nearly 500 taxpayers had over $150M in their IRAs

Over 40 IRS employees died of COVID

Over 40 IRS employees died of COVID

Bipartisan group agrees on broad infrastructure package

Bipartisan group agrees on broad infrastructure package

Tech news: Sage adds Cloud at Work as accredited cloud hosting provider, and more

Tech news: Sage adds Cloud at Work as accredited cloud hosting provider, and more

Dynamics GP end date extended past 2028

Dynamics GP end date extended past 2028

Machine learning in accounting and what it means for business

Machine learning in accounting and what it means for business

U.S. lawmakers narrow infrastructure gaps without reaching deal

U.S. lawmakers narrow infrastructure gaps without reaching deal

Accounting firms warn clients about ransomware attacks

Accounting firms warn clients about ransomware attacks

PwC wins ruling against auditor whistleblower who sued over termination

PwC wins ruling against auditor whistleblower who sued over termination

In the blogs: Captain’s backlog

In the blogs: Captain’s backlog

Small businesses face bookkeeping challenges, overdue invoices during pandemic

Small businesses face bookkeeping challenges, overdue invoices during pandemic

Interest in Opportunity Zones peaks as higher rates loom

Interest in Opportunity Zones peaks as higher rates loom

Hey Coach CPA!

IRS offers extra guidance on COBRA coverage aid under American Rescue Plan

IRS offers extra guidance on COBRA coverage aid under American Rescue Plan

IRS plans improved security for information return e-filing

IRS plans improved security for information return e-filing

IASB proposes to ease disclosure requirements for subsidiaries

IASB proposes to ease disclosure requirements for subsidiaries

IRS proposes new rules for e-filing information returns

IRS proposes new rules for e-filing information returns

Motivation, innovation, automation: Intuit's Ariege Misherghi shares insights on the future

Motivation, innovation, automation: Intuit's Ariege Misherghi shares insights on the future

Art of Accounting: Some clients I dropped

Art of Accounting: Some clients I dropped

Lynch’s legal woes barely dent loyalists’ $1.7B fortune

Lynch’s legal woes barely dent loyalists’ $1.7B fortune

Bitcoin’s corporate diehards face earnings reckoning after slump

Bitcoin’s corporate diehards face earnings reckoning after slump

Accounting Today names 2021 Best Firms to Work For

Accounting Today names 2021 Best Firms to Work For

IRS funding is a missed chance for bipartisanship

IRS funding is a missed chance for bipartisanship

Democrats make offer as infrastructure talks face time crunch

Democrats make offer as infrastructure talks face time crunch

Thinking differently about firm models

Thinking differently about firm models

Are non-compete agreements now unenforceable?

Are non-compete agreements now unenforceable?

Hedge accounting update aims to align risk management with hedging

Hedge accounting update aims to align risk management with hedging

Bill.com to acquire Invoice2go in $625M deal

Bill.com to acquire Invoice2go in $625M deal

IRIS acquires Doc.It, plans U.S. expansion

IRIS acquires Doc.It, plans U.S. expansion

Audit committees benefit from accounting experts

Audit committees benefit from accounting experts

Rethink employee learning, or accounting will face the Great Resignation

Rethink employee learning, or accounting will face the Great Resignation

KPMG’s banking audits aren’t good enough, U.K. watchdog says

KPMG’s banking audits aren’t good enough, U.K. watchdog says

On the move: BKD launches ransomware service

On the move: BKD launches ransomware service

Anduin earmarks $14M seed round for intelligent practice management

Anduin earmarks $14M seed round for intelligent practice management

Tax Fraud Blotter: Rocky roads

Tax Fraud Blotter: Rocky roads

AICPA presents 2020 'Medal of Inspiration'

AICPA presents 2020 'Medal of Inspiration'

Now what? Bridge the gap in financial planning and analysis

Now what? Bridge the gap in financial planning and analysis

IIA offers IT General Controls certification

IIA offers IT General Controls certification

Xero conducts 'Emotional Tax Return' competition in Australia

Xero conducts 'Emotional Tax Return' competition in Australia

IRS warns of child tax credit scams

IRS warns of child tax credit scams

Millions took early distributions from retirement accounts due to COVID

Millions took early distributions from retirement accounts due to COVID

Call your best clients on their birthdays

Call your best clients on their birthdays

EY accused of actively concealing NMC Health audit fraud from investors

EY accused of actively concealing NMC Health audit fraud from investors

Democrats reject GOP call for conditions on debt-limit hike

Democrats reject GOP call for conditions on debt-limit hike

Companies reexamine their lease accounting as they rightsize space during COVID

Companies reexamine their lease accounting as they rightsize space during COVID

IRS overlooked FEMA numbers to verify casualty and theft loss deductions

IRS overlooked FEMA numbers to verify casualty and theft loss deductions

FloQast scores $110M in latest funding round

FloQast scores $110M in latest funding round

4 ways to improve your relationships with your accounting clients

4 ways to improve your relationships with your accounting clients

Can we save the climate through better bookkeeping? Yes!

Can we save the climate through better bookkeeping? Yes!

Crypto software firm TaxBit discusses funding at unicorn value

Crypto software firm TaxBit discusses funding at unicorn value

Yellen confronts clashing deadlines to clinch global tax accord

Yellen confronts clashing deadlines to clinch global tax accord

The sad state of accounting standards

The sad state of accounting standards

The coming shift in sales tax compliance

The coming shift in sales tax compliance

Ex-IRS tech employee convicted of fraud

Ex-IRS tech employee convicted of fraud

GASB proposes to improve notes to financial statements

GASB proposes to improve notes to financial statements

Wyden introduces bill to overhaul pass-through deduction and expand to accountants

Wyden introduces bill to overhaul pass-through deduction and expand to accountants

In the blogs: Large unknowns

In the blogs: Large unknowns

DHG announces hybrid work model

DHG announces hybrid work model

A vintage Ferrari? Rich investors use ‘The Bank of Me’ to splurge without paying capital gains tax

A vintage Ferrari? Rich investors use ‘The Bank of Me’ to splurge without paying capital gains tax

Quality partners, the essential ingredient of CPA firms

Quality partners, the essential ingredient of CPA firms

A shared commitment to informative, accurate and independent audits

A shared commitment to informative, accurate and independent audits

Companies still revamping financial processes for COVID-19

Companies still revamping financial processes for COVID-19

Pelosi under pressure to decide next move on Biden’s agenda

Pelosi under pressure to decide next move on Biden’s agenda

Senior Democrat proposes cap on Trump-era business deduction

Senior Democrat proposes cap on Trump-era business deduction

GASB proposes guidance on range of topics

GASB proposes guidance on range of topics

M&A roundup: Withum and Whitley Penn expand

M&A roundup: Withum and Whitley Penn expand

FASB updates leases standard for variable lease payments

FASB updates leases standard for variable lease payments

Intuit withdraws TurboTax from Free File Alliance

Intuit withdraws TurboTax from Free File Alliance

IRS opens tax pro accounts

IRS opens tax pro accounts

PCAOB honors 2021-2022 academic scholars

PCAOB honors 2021-2022 academic scholars

Art of Accounting: Continuous growth

Art of Accounting: Continuous growth

Schumer sets crucial test for action on infrastructure, spending

Schumer sets crucial test for action on infrastructure, spending

Infrastructure bill to drop tax enforcement, GOP senator says

Infrastructure bill to drop tax enforcement, GOP senator says

Catch a rising star: Recruiting and retaining new graduates

Catch a rising star: Recruiting and retaining new graduates

'Dear Accountant:' Lessons from the profession

'Dear Accountant:' Lessons from the profession

Real estate accounting tech company Proper raises $9M in funding

Real estate accounting tech company Proper raises $9M in funding

New IMA chair McNally embraces global focus

New IMA chair McNally embraces global focus

IRS offers advice on cost-sharing agreements and stock-based comp

IRS offers advice on cost-sharing agreements and stock-based comp

Cryptocurrency and donor-advised funds: Talk to clients about donating digital currency

Cryptocurrency and donor-advised funds: Talk to clients about donating digital currency

Ripple Labs can question former SEC official in suit over XRP

Ripple Labs can question former SEC official in suit over XRP

3 reasons prospects ignore your firm's marketing

3 reasons prospects ignore your firm's marketing

On the move: Armanino enters NYC

On the move: Armanino enters NYC

Tax Fraud Blotter: Next on the docket

Tax Fraud Blotter: Next on the docket

SALT relief may win inclusion in Senate Democrats budget package

SALT relief may win inclusion in Senate Democrats budget package

Work-life balance improves audits, but not job satisfaction

Work-life balance improves audits, but not job satisfaction

SEC intensifies scrutiny of crypto

SEC intensifies scrutiny of crypto

The role of relationships in advisory services

The role of relationships in advisory services

IRS urges tax pros to beef up security this summer

IRS urges tax pros to beef up security this summer

IRS begins distributing monthly child tax credit payments

IRS begins distributing monthly child tax credit payments

How CPAs can survive cash flow peaks and valleys

How CPAs can survive cash flow peaks and valleys

After Binance solicits praise from U.S. agencies, DOJ says stop

After Binance solicits praise from U.S. agencies, DOJ says stop

Biden looks to corral Democrats on $3.5T Senate plan

Biden looks to corral Democrats on $3.5T Senate plan

Democrats tout child tax credits in ad blitz aimed at key states

Democrats tout child tax credits in ad blitz aimed at key states

Democrats propose tax on carbon-intensive imports in budget deal

Democrats propose tax on carbon-intensive imports in budget deal

Ivix receives $13M in funding to help fight tax evasion

Ivix receives $13M in funding to help fight tax evasion

Dean Dorton acquires data analytics firm

Dean Dorton acquires data analytics firm

Xero introduces AI-powered analytics tool

Xero introduces AI-powered analytics tool

How accounting firms can protect against remote work security threats

How accounting firms can protect against remote work security threats

Tycoon takes refuge in France as Mexico seeks arrest in tax case

Tycoon takes refuge in France as Mexico seeks arrest in tax case

Biden agenda gets boost on Democrats’ $3.5T proposal

Biden agenda gets boost on Democrats’ $3.5T proposal

Get ready for ‘edge’ tech, and other tech stories you may have missed

Get ready for ‘edge’ tech, and other tech stories you may have missed

In the blogs: Spanning the globe

In the blogs: Spanning the globe

Hundreds of government entities wrongly claimed tax credits

Hundreds of government entities wrongly claimed tax credits

ADP releases new time and scheduling tools, and more

ADP releases new time and scheduling tools, and more

Accountants expect strong economic recovery this year

Accountants expect strong economic recovery this year

Garden-variety affluent investors embrace estate planning of the ultra-rich

Garden-variety affluent investors embrace estate planning of the ultra-rich

From tea tariffs to taxes — and back

From tea tariffs to taxes — and back

Not again: Avoid chaos when new tax regulations kick in

Not again: Avoid chaos when new tax regulations kick in

Corporate climate efforts lack impact, say former sustainability executives

Corporate climate efforts lack impact, say former sustainability executives

Senate Democrats split on spending as Biden meets Sanders

Senate Democrats split on spending as Biden meets Sanders

Yellen sees U.S. companies pushing to back global tax deal

Yellen sees U.S. companies pushing to back global tax deal

LGBTQIA employees leaving accounting profession

LGBTQIA employees leaving accounting profession

IRS switched strategies for pursuing wealthy, but came up short

IRS switched strategies for pursuing wealthy, but came up short

Leveraging data analytics for the recovery

Leveraging data analytics for the recovery

Art of Accounting: An accountant I did not like

Art of Accounting: An accountant I did not like

The accounting principle that helps keep Bitcoin from broader acceptance

The accounting principle that helps keep Bitcoin from broader acceptance

EU delays push for digital levy to focus on global tax deal

EU delays push for digital levy to focus on global tax deal

Yellen sets out timeline for Congress on global tax deal

Yellen sets out timeline for Congress on global tax deal

IRS offers guidance on troubled pension plans

IRS offers guidance on troubled pension plans

What auditors learned from two years of CAM implementations

What auditors learned from two years of CAM implementations

Firms giving back: Dixon Hughes Goodman funds over $160K in NABA scholarships

Firms giving back: Dixon Hughes Goodman funds over $160K in NABA scholarships

Tech news: Vertex intros solution for VAT calculation and reporting, and more

Tech news: Vertex intros solution for VAT calculation and reporting, and more

Billionaire earl to use $300M real estate windfall to pay tax bill

Billionaire earl to use $300M real estate windfall to pay tax bill

Malaysia files suit against KPMG partners for $5.64B: Report

Malaysia files suit against KPMG partners for $5.64B: Report

France sees tax deal near, pushes for minimum rate above 15%

France sees tax deal near, pushes for minimum rate above 15%

G-20 finance ministers set to endorse global tax deal in Venice

G-20 finance ministers set to endorse global tax deal in Venice

On the move: New FICPA chair begins tenure

On the move: New FICPA chair begins tenure

Newly merged Value Reporting Foundation moves forward on standards

Newly merged Value Reporting Foundation moves forward on standards

IRS gives tax-exempt status to Christian political group after backlash

IRS gives tax-exempt status to Christian political group after backlash

Variety is the spice of the IRS’s latest Dirty Dozen

Variety is the spice of the IRS’s latest Dirty Dozen

Global tax deal will survive Europe digital-tax plan, OECD says

Global tax deal will survive Europe digital-tax plan, OECD says

Tax Fraud Blotter: Down the drain

Tax Fraud Blotter: Down the drain

Steve Ballmer becomes ninth member of $100B club, but comes under tax scrutiny

Steve Ballmer becomes ninth member of $100B club, but comes under tax scrutiny

How do you solve accounting’s shortage of succession plans? Make one

How do you solve accounting’s shortage of succession plans? Make one

A diverse and inclusive profession starts with understanding

A diverse and inclusive profession starts with understanding

Steinhoff forced to try again in effort to resolve legal claims

Steinhoff forced to try again in effort to resolve legal claims

A turn for the worse in IRS treatment of the R&D credit

A turn for the worse in IRS treatment of the R&D credit

KPMG expands ESG services

KPMG expands ESG services

IRS offers clarity around transportation grants

IRS offers clarity around transportation grants

IRS plans weekend events to help families with Child Tax Credits

IRS plans weekend events to help families with Child Tax Credits

Sage X3 software vulnerability found, addressed

Sage X3 software vulnerability found, addressed

Xero celebrates 15 years, launches 'Xero Day'

Xero celebrates 15 years, launches 'Xero Day'

EisnerAmper adds tech firm

EisnerAmper adds tech firm

Prepping for tax season 2022

Prepping for tax season 2022

Deloitte Foundation partners with The Ohio State University for diversity scholarship

Deloitte Foundation partners with The Ohio State University for diversity scholarship

How the increase in capital gains taxes can affect your client’s business

How the increase in capital gains taxes can affect your client’s business

Billionaire deemed competent for trial in record tax-fraud case

Billionaire deemed competent for trial in record tax-fraud case

New lease accounting standards come with plenty of gotchas

New lease accounting standards come with plenty of gotchas

In the blogs: Smart advice

In the blogs: Smart advice

Liberty Tax acquired by NextPoint

Liberty Tax acquired by NextPoint

IRS gearing up for partnership compliance campaigns

IRS gearing up for partnership compliance campaigns

Hot annuity sales signal shift in aging investors’ risk appetite

Hot annuity sales signal shift in aging investors’ risk appetite

U.S. presses Europe to reconsider plans for new digital tax

U.S. presses Europe to reconsider plans for new digital tax

Amplify your accounting services by becoming fluent in a foreign language

Amplify your accounting services by becoming fluent in a foreign language

Trump Organization case rescues outgoing D.A.’s mixed legacy

Trump Organization case rescues outgoing D.A.’s mixed legacy

Facial recognition: Tax pros mull returning to in-person meetings

Facial recognition: Tax pros mull returning to in-person meetings

6 steps to pandemic-sensitive performance reviews

6 steps to pandemic-sensitive performance reviews

Art of Accounting: Qualities that make someone a partner

Art of Accounting: Qualities that make someone a partner

The Black CPA Centennial: Meet the first Black CPA Ph.Ds

The Black CPA Centennial: Meet the first Black CPA Ph.Ds

A divorce raised questions, then aided the probe of Trump’s CFO

A divorce raised questions, then aided the probe of Trump’s CFO

EU and U.S. to discuss digital tax ahead of bloc’s levy plan

EU and U.S. to discuss digital tax ahead of bloc’s levy plan

What’s on your ‘Done for the Day’ list?

What’s on your ‘Done for the Day’ list?

On the move: Bober Markey Fedorovich elects new partner

On the move: Bober Markey Fedorovich elects new partner

MineralTree now offers analytics for AP health

MineralTree now offers analytics for AP health

Tech news: Harness Wealth raises millions for investor tax advisory tool, and more

Tech news: Harness Wealth raises millions for investor tax advisory tool, and more

Trump CFO’s luxury perks could lead to long prison sentence

Trump CFO’s luxury perks could lead to long prison sentence

European trio cast dissatisfied shadow over global tax deal

European trio cast dissatisfied shadow over global tax deal

Employers added 850K jobs in June, including 2.8K in accounting

Employers added 850K jobs in June, including 2.8K in accounting

Pandemic relief extended for donated vacation

Pandemic relief extended for donated vacation

New bill would simplify tax payment deadlines

New bill would simplify tax payment deadlines

Global tax talks in sprint for deal as hurdles endure

Global tax talks in sprint for deal as hurdles endure

Trump Organization CFO surrenders to authorities in New York

Trump Organization CFO surrenders to authorities in New York

The VAR 100: Lifelines in a world gone mad

The VAR 100: Lifelines in a world gone mad