The American Institute of CPAs recognized four accounting professors for their notable teaching and research during the annual American Accounting Association meeting. This year’s honorees include: Tonya Flesher, professor of accountancy and Arthur Andersen Lecturer Emerita at the University of Mississippi, is the recipient of the 2020 AICPA Distinguished Achievement in Accounting Education Award. Mary […]
Archives for August 2020
Ben Carlson and Tyrone Ross on changing lives through financial education
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Dollar Plays
My firm’s director of Institutional Asset Management did a great Fortune column looking at the tendency of different asset classes to rise or fall concurrently with weakness or strength in the US dollar… When the dollar is up, gold, foreign developed, and emerging-market stocks tend to perform poorly. And when the dollar is down, gold, […]
Voices: The worst financial decisions clients can make in a recession
After relishing one the longest bull markets in history, millions of millennials and young investors, myself included, are getting our first real taste of a severe recession — a scenario that often leads to costly, knee-jerk financial decisions. A global pandemic has made it unclear when routine socializing and in-person events can continue, dealing a […]
Big banks hire 19K in first half as demand for loans surge during cornavirus
The biggest U.S. and European banks added 19,000 people to their payrolls in the first half of the year as demand for loans and other services surged during the pandemic and planned staff cuts were largely put on hold. Eight of the top 15 firms increased headcount this year through June, while only four reduced […]
How Often Are Small Businesses Audited
How often are small businesses audited? What alerts the IRS to come knocking at your door? While audits are sometimes simply random, and cannot be entirely avoided, the IRS notices a variety of red flags – audit “triggers” that can be prevented. Unfortunately, many small business owners do not know the red flags that initiate […]
How Often Are Small Businesses Audited
How often are small businesses audited? What alerts the IRS to come knocking at your door? While audits are sometimes simply random, and cannot be entirely avoided, the IRS notices a variety of red flags – audit “triggers” that can be prevented. Unfortunately, many small business owners do not know the red flags that initiate […]
AICPA requests guidance on payroll tax deferral
The AICPA on Wednesday sent a letter to Treasury and the IRS requesting guidance on the recent presidential memorandum deferring some employee payroll taxes until next year. The memorandum, issued by President Donald Trump on Saturday, defers the withholding, deposit, and payment of the employee portion of the old-age, survivors, and disability insurance (OASDI) tax […]
AICPA requests guidance on payroll tax deferral
The AICPA on Wednesday sent a letter to Treasury and the IRS requesting guidance on the recent presidential memorandum deferring some employee payroll taxes until next year. The memorandum, issued by President Donald Trump on Saturday, defers the withholding, deposit, and payment of the employee portion of the old-age, survivors, and disability insurance (OASDI) tax […]
Apple readies subscription bundles to boost services: Report
Apple is readying a series of subscription bundles that will let customers sign in for several of the iPhone maker’s digital services at a lower monthly price, Bloomberg News reported on Thursday. The bundles, dubbed “Apple One” inside the Cupertino, California-based company, are planned to launch as early as October alongside its next iPhones, the […]