ARLINGTON, Va. , Oct. 19, 2020 /PRNewswire/ -- Bloomberg Tax & Accounting today announced that its platform now provides full coverage for more than 220 countries worldwide, helping businesses navigate global tax planning challenges while staying on top of emerging issues, such as those resulting from the Covid-19 pandemic.
The Bloomberg Tax & Accounting platform uniquely brings together the latest international tax developments with in-depth analysis and commentary from in-country experts, practice tools, and news coverage from across the globe. For each country, the platform provides a detailed analysis of corporate taxation, value-added taxes (VAT), and international withholding taxes:
And here's another article:
MartinFederal Wins Contract from Defense POW/MIA Accounting Agency - Huntsville Business Journal
MartinFederal Consulting has been awarded a one-year contract to support the Defense Prisoner of War/Missing in Action Accounting Agency.
Huntsville-based MartinFederal is a Service-Disabled Veteran-Owned Small Business focused on providing solutions-based services to the Department of Defense, Department of Energy, Department of Justice, and other federal agencies,
The DPAA mission is to recover and identify Department of Defense personnel from past conflicts. As part of the first phase of this multi-phase project, the MartinFederal team will conduct a page-by-page inventory of the Korean War Reference Documents at DPAA Headquarters.
Data Scoop: EY bolsters growth figures from Accounting Firms list
Companies on our Accounting Firms list appear to have endured 2020 reasonably well so far — especially the company at the top.
Ernst & Young has been steadily adding CPAs and other employees in Northeast Ohio in recent years, but it really picked up the pace this year.
EY employed 385 local CPAs as of Sept. 1, up 35, or 10%, from the previous year. And that's on top of significant past growth, as the firm employed 26.2% more CPAs on that date than it did three years earlier.
Remote working furthers the case for continuous accounting
Back when many of us worked in the office, a sort of shared experience for those who didn't work in one of the departments involved in month-end close is seeing those who did. There was probably muttering about how late they would need to be there that night – and the night after that, and probably on Saturday – so that they could answer questions, perform their functions and above all, access the on-premise systems their accounts were tied to.
But when coronavirus hit, that shared office reality evaporated, fast. Something which was already challenging had layers of difficulty piled on – evidenced by even the London Stock Exchange granting delays and extensions in financial reporting deadlines.
This may worth something:
Engineered Tax Services acquires The Growth Partnership | Accounting Today
Engineered Tax Services, an engineering company that works closely with CPA and accounting firms on specialty tax services, has acquired firm consultancy The Growth Partnership and the ABLE CRM platform.
Terms of the deal, which was effective October 1, were not disclosed, but TGP leaders and consultants Jeff Pawlow and Charles Hylan will serve as managing directors at both ETS and TGP.
ETS works with CPA and accounting firms on specialty tax services like cost segregation and R&D Credit studies, and expects to use the acquisition to enable it to offer marketing services, CRM tools and a range of training options, as well.
Testing FASB's goodwill impairment model through a pandemic | Accounting Today
Many have started to question the goodwill impairment model under FASB ASC 350-20 and whether it paints the most accurate financial picture in light of the COVID-19 pandemic.
FASB ASC 350-20-35-30 requires that goodwill of a reporting unit be tested for impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. These events are also known as "triggering events."
Accounting firm RSM sees new Hartford office as key to Northeast growth | Hartford Business
Accounting Tweaks May Improve PSU Banks' Ability To Service AT-1 Bonds, Says ICRA
The recent proposal by some of the state-owned lenders to set-off their accumulated losses against the share premium account balances may improve the ability of these banks to service their additional tier 1 bonds, according to rating agency ICRA.
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Four public sector banks—Bank of India, Bank of Maharashtra, Punjab National Bank, and Union Bank of India—recently secured shareholders' approval on the proposal and are awaiting regulatory nod, ICRA said in a report.
Happening on Twitter
Russian President Vladimir Putin plans to have a video conference with the country's leading business lobby group a… https://t.co/ftDD3Lxb7f business (from New York and the World) Sun Oct 18 13:20:32 +0000 2020
BOOM! Four-year investigation into offshore financial structures has ended up with a $140 million settlement with t… https://t.co/8BfdP2xMQF ericgarland (from USA) Thu Oct 15 15:16:12 +0000 2020
In 2017, I wrote that GOP tax cuts were a catastrophe for USA because they came at a time of economic strength and… https://t.co/DVixur0ruP kurteichenwald Fri Oct 16 19:59:42 +0000 2020
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