The PCAOB adopted amendments Thursday to align its independence requirements with recently updated SEC rules. Last month the SEC amended its rules in an effort to prevent the triggering of auditor independence rules violations in situations that don’t necessarily impair auditor judgments. The amendments were designed to prevent unnecessary red flags that could cause auditors, […]
Archives for November 2020
SEC amends guidance on MD&A, other disclosures
The SEC is adopting amendments designed to modernize, simplify, and enhance management’s discussion and analysis and other financial disclosure requirements in Regulation S-K. The changes to Regulation S-K are designed to sharpen the focus on material information by eliminating Item 301 (Selected Financial Data) and changing item 302(a) (Supplementary Financial Information) and Item 303 (MD&A). […]
How to reduce estimated tax penalties with IRA distributions
As many taxpayers are aware, U.S. income taxes are a pay-as-you-go system. Accordingly, taxpayers are generally required to pay their income tax liability throughout the year as they earn their income, with any amounts owed upon the filing of an income tax return serving merely as a truing up between what the taxpayer thought they’d […]
How CPAs help clients reinvent struggling businesses during COVID-19
As the COVID-19 pandemic has changed the business environment, clients have turned to their CPAs for help keeping their businesses afloat. CPAs who offer client advisory services have been well positioned to help struggling clients stabilize and reposition their businesses. Here’s how three CPAs working with clients in heavily affected sectors have used client advisory […]
Can recruiting and company culture shifts boost CFP diversity?
In the wake of a national racial reckoning this past summer and Black Lives Matter protests across the country, the share of CFPs who are Black or Latino remains below 4%. A panel of five CFPs and industry executives at this week’s Center for Financial Planning’s Virtual Diversity Summit expressed hope about upping that percentage […]
Carbon Accounting—Why It’s More Than A Tick Box Exercise – Forbes
Emitwise founders, Mauro Cozzi, Eduardo Gomez and Ben Peddie Emitwise Had things gone according to plan, world leaders, diplomats, captains of industry and environmentalists would be assembling in Glasgow this week to take part in the COP26 conference on climate change, an event that was seen as crucial in building momentum behind the global imperative […]
Transforming your side hustle to the real deal
This is a guest post from True North Accounting, a Xero Gold Partner. As Creative Director at a marketing firm, Rob Sawchuck noticed independent small businesses rack up social media followings that his corporate clients would drool over. He wanted to try his own start-up and social media experiment. Thus, his custom design and print […]
Lawsuit alleges Pimco ‘operates as a fraternity’ that favors white men
Allianz’s Pimco was sued by a pair of female workers who allege the money manager operates as a fraternity that favors white males. Sue Collazo and Lisa Anthony, employees at the firm’s Newport Beach, California office, say the company culture marginalizes, demeans and undervalues women and male leaders overtly favor other men regardless of their […]
Stifel lands its biggest hire of 2020 at Wells Fargo’s expense
Stifel landed its biggest hire of the year, an ex-Wells Fargo team that oversaw $1.15 billion in client assets. The group joins the regional BD in a newly opened office in Midland, Michigan, a city of more than 41,000 people. This is the second office that Stifel has opened in Michigan this year, bringing its […]
How to open a Post Office Savings Account and activate online?
Post office in India provides a saving bank account for the individual. The name of the account is the Post Office Saving Account. The main benefit of a post office savings account is the entire scheme is backed by the government of India. The post office has very good reach and it is available in […]