News Foreign Income & Taxpayers By Sally P. Schreiber, J.D. Updated: In a notice posted to its website on Wednesday, Treasury’s Financial Crimes Enforcement Network (FinCEN) announced that this year’s deadline to e-file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), on the Bank Secrecy Act (BSA) E-Filing System had been extended from […]
GM’s Cruise plans to test autonomous vehicles without drivers this year in San Francisco
Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California. Source: Noah Berger | General Motors Cruise, a majority-owned subsidiary of General Motors, plans to begin testing unmanned autonomous vehicles by the end of […]
Common Bookkeeping Mistakes
There is never enough time in the day to accomplish everything you want to. Therefore, why would you spend 70 hours a week doing something that is not growing your business? Not everyone can do the job effectively if they take on too large of a load. It is crucial that you avoid common bookkeeping […]
Finally A Customer Service Accounting Team
I say it to our team all the time: We are a customer service business that does accounting. And I truly believe it. When you look at the businesses you continually buy from what do they have in common? In addition to great products or services that you want or need I guarantee most of […]
As dividend cut worries subside, three market analysts predict what’s ahead for yield payers
Dividend dangers appear to be subsiding. As yield-paying companies recover from the coronavirus-driven slowdown that led many of them to cut their payouts earlier in the year, investors may be wondering whether the dividend trade is yet safe. Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA Research, told CNBC’s “ETF Edge” […]
Branson’s Virgin Orbit aims to redo launch demo in December, as it seeks $150 million in new capital
Virgin Orbit Sir Richard Branson’s small satellite launch specialist Virgin Orbit is looking to bounce back from the failure of its first demonstration launch in May, aiming to fly its next demo mission in December. Virgin Orbit, which uses a modified Boeing 747 aircraft to launch its rockets, diagnosed the failure to a high-pressure fuel […]
Consolidated group NOL rules are finalized
The IRS finalized guidance for consolidated groups on the treatment of net operating losses (NOLs) after recent statutory changes (T.D. 9927). The final regulations adopted proposed regulations issued in July (REG-125716-18), except for Prop. Regs. Secs. 1.1502-21(b)(3)(ii)(C) and (D), with a few clarifications in response to comments. In the preamble, the IRS said it intended […]
Trump brings tax return case to Supreme Court again after losses in lower courts
President Donald Trump answers questions from the news media in the Oval Office of the White House in Washington, September 11, 2019. Leah Millis | Reuters President Donald Trump asked the Supreme Court on Tuesday to block lower court decisions that would give the Manhattan District Attorney’s office access to years of his income tax […]
Amazon Prime Day kicks off. Four reasons the online retail trade can keep climbing
Amazon Prime Day has arrived. Amazon’s bargain-focused two-day shopping holiday on Tuesday and Wednesday highlighted consumers’ shift to buying online in a difficult year for brick-and-mortar retailers. The stock is up almost 89% year to date, driving online retail-based exchange-traded funds that hold the name. The three ETFs with the most Amazon exposure on the […]
Watch now: ETF Edge on Amazon Prime Day plays and the presidential election’s impact on ESG
[The stream is slated to start at 1:10 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC’s ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer […]