Saturday, November 6, 2021

Accounting Experts Ask Congress to Change Proposal on Minimum Corporate Tax - WSJ

More than 200 accounting and tax experts, including at least two former U.S. accounting-standards officials, have asked federal lawmakers not to tie a proposed minimum corporate tax to income measures reported to investors.

Under the proposal, companies reporting at least $1 billion in pretax book income would have to pay a minimum tax of 15% of that figure, adjusted for a variety of deductions and tax credits. Book income is the amount of income companies publicly report on their financial statements to

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Publisher: WSJ
Date: 2021-11-06T00:44:00.000Z
Author: Theo Francis
Twitter: @WSJ
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Employers added 531K jobs in October, including 4.1K in accounting | Accounting Today

Employers added a robust 531,000 jobs in October, including 4,100 in accounting and bookkeeping services, the U.S. Bureau of Labor Statistics reported Friday, with the unemployment rate declining two-tenths of a point to 4.6%.

Publisher: Accounting Today
Date: 2021-11-05T19:24:57.992
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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BTN Accounting, KMS Construction remain unbeaten in Original 16 Cash League - MooseJawToday.com

Fresh off nearly making the playoffs at the Home Hardware Olympic Curling Pre-Trials last week, Barker picked up a 5-0 three-end victory over Fonger Wealth Management (Nick Cornea, 1-3) at Moose Jaw Ford Curling Centre.

Barker scored one in the first, stole three in the second and another in the third to bring things to an early end. BTN improved to 3-0 with the victory.

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Publisher: MooseJawToday.com
Twitter: @MooseJawToday
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Bookkeeping automation provider Botkeeper raises $42M | Accounting Today

Bookkeeping automation provider Botkeeper announced that it has raised $42 million in Series C funding.

The company plans to use the money to expand its platform and customer success teams, and for strategic partnerships.

The funding round was led by Grand Oaks Capital, which was founded by Paychex founder Tom Golisano, who will join Botkeeper's six-person board of directors.

Publisher: Accounting Today
Date: 2021-11-05T13:07:00
Author: https www accountingtoday com author daniel hood
Twitter: @AccountingToday
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Dayton-area CPAs Flagel Huber Flagel, Nolan Giere & Co.

Two of the Dayton area's largest accounting firms have joined forces. The merger will allow the combined companies to expand their market footprint and provide additional services for clients.

Flagel Huber Flagel (FHF), a certified public accountant (CPA) and business advisory firm with locations in Kettering and Cincinnati, has merged with Nolan Giere & Co., a CPA based in Troy. Terms of the deal were not disclosed.

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Publisher: Dayton Business Journal
Author: 39603
Twitter: @DBJnews
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Louisville-based accounting firm partially merges with Blue & Co. - Louisville Business First

The accounting and consulting firms of Stuedle Spears & Co. PSC, which is based in Louisville, and Blue & Co. LLC have announced their partial acquisition, effective Jan. 1, 2022.

This acquisition will provide Carmel, Indiana-based Blue & Co. LLC with increased market share in the Louisville area, while acquiring additional personnel to focus on complementary service areas and niche industry markets, a news release stated.

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Publisher: Louisville Business First
Author: 41084
Twitter: @BFLouisville
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American Equity Appoints Dewayne Lummus as Chief Accounting Officer | Business Wire

"We are thrilled to welcome Dewayne to our team," said Axel André, Chief Financial Officer of American Equity.

"I'm pleased to join the talented team at American Equity," added Dewayne Lummus. "I couldn't be more honored to contribute to their long-term journey of delivering financial dignity in retirement to their contract owners."

Date: 2021-11-05
Twitter: @businesswire
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Global Accounting Organization Launches Climate-Disclosure Rule Maker - WSJ

The foundation that oversees the International Accounting Standards Board said it has created a new body to craft climate-disclosure rules for companies as investors push for more standardized information.

The new International Sustainability Standards Board is expected to issue its first set of standards in the second half of 2022, which will serve as the starting point for requirements on climate-related disclosure that jurisdictions could then choose to implement, the IFRS Foundation said

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Publisher: WSJ
Date: 2021-11-03T10:45:00.000Z
Author: Mark Maurer
Twitter: @WSJ
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SEC OKs PCAOB rule on foreign audit inspections | Accounting Today

The Securities and Exchange Commission said Friday it has approved a rule from the Public Company Accounting Oversight Board that aims to ensure the PCAOB can inspect auditing firms in other countries, especially China.

"This is an important step to protect U.S. investors," said SEC Chair Gary Gensler in a statement Friday. "I believe it is critical that the Commission and the PCAOB work together to ensure that the auditors of foreign companies accessing U.S. capital markets play by the same rules.

Publisher: Accounting Today
Date: 2021-11-05T20:05:53.223
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Pinnacle Tax and Accounting LLC to celebrate new location in Wausau at ribbon cutting - Wausau

Pinnacle Tax and Accounting is a growing family-owned business, with four new employees joining the business in 2021. Pinnacle offers affordable, accurate tax and accounting services and a focus on customer service.

"At Pinnacle we believe in providing great customer service and helping other area small businesses like ourselves." said Emily Jauch, co-owner. "So many new businesses don’t know who to turn to when they start-up.

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Publisher: Wausau Pilot & Review
Date: 2021-11-04T18:16:00 00:00
Twitter: @WausauPilot
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