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IRS Updates Research Expense Accounting Method
IRS

IRS Updates Research Expense Accounting Method

Wondering what the IRS has up its sleeve now? On August 29, the IRS issued Revenue Procedure 2024-34, modifying the rules under Section 446 of the tax code and Treasury Regulation ...

Sep 06, 2024

2 Min Read

SEC Penalizes Six Credit Rating Firms for Recordkeeping Lapses
SEC

SEC Penalizes Six Credit Rating Firms for Recordkeeping Lapses

Did you catch the latest SEC shake-up? The Securities and Exchange Commission just took aim at six major credit rating agencies for some serious recordkeeping slip-ups. Yep, even t...

Sep 06, 2024

2 Min Read

What's Behind the U.S.-Canada Digital Tax Dispute?
Taxes

What's Behind the U.S.-Canada Digital Tax Dispute?

How often do you see the United States and Canada in a heated discussion? Very rare, isn’t it? The recent “Canada-U.S. Dispute Over Digital Services Tax” event ra...

Sep 06, 2024

4 Min Read

Authority Corner

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IRS Updates Research Expense Accounting Method
IRS

IRS Updates Research Expense Accounting Method

Wondering what the IRS has up its sleeve now? On August 29, the IRS issued Revenue Procedure 2024-34, modifying the rules under Section 446 of the tax code and Treasury Regulation ...

Sep 06, 2024

2 Min Read

SEC Penalizes Six Credit Rating Firms for Recordkeeping Lapses
SEC

SEC Penalizes Six Credit Rating Firms for Recordkeeping Lapses

Did you catch the latest SEC shake-up? The Securities and Exchange Commission just took aim at six major credit rating agencies for some serious recordkeeping slip-ups. Yep, even t...

Sep 06, 2024

2 Min Read

Latest Updates on Crowdfunding Tax Regulations
IRS

Latest Updates on Crowdfunding Tax Regulations

The IRS recently released a fact sheet (FS-2024-28) addressing the tax implications of crowdfunding distributions—a hot topic for those guiding clients through this increasingly ...

Sep 03, 2024

2 Min Read

Infographics

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A Decade of Decisions: BlackRock’s Biggest Moves

A Decade of Decisions: BlackRock’s Biggest Moves

Sep 02, 2024

Bosses' Bucks: Corporations Pay Execs More Than Uncle Sam

Bosses' Bucks: Corporations Pay Execs More Than Uncle Sam

Jul 19, 2024

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Markets and Finance

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What’s the Deal with Sovereign Debt Restructuring?
Corporate Finance

What’s the Deal with Sovereign Debt Restructuring?

When a country hits rock bottom financially, what happens next? Welcome to the world of sovereign debt restructuring—a complex, high-stakes process that lets countries renegotiat...

Sep 05, 2024

5 Min Read

Morgan Stanley vs Goldman Who Will Win the Top Spot?
Global Economy

Morgan Stanley vs Goldman Who Will Win the Top Spot?

In Wall Street's fast-paced, dog-eat-dog world, two names have consistently battled for supremacy in U.S. stock trading: Morgan Stanley and Goldman Sachs. Like heavyweight champion...

Sep 04, 2024

4 Min Read

Why Inheritance Tax Has Britain on Edge?
Personal Finance

Why Inheritance Tax Has Britain on Edge?

"There's nothing certain except death and taxes," said Benjamin Franklin, and in the UK, nothing hits home quite like the dreaded inheritance tax (IHT). With soaring ...

Sep 04, 2024

4 Min Read

Accounting and Taxes

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What's Behind the U.S.-Canada Digital Tax Dispute?
Taxes

What's Behind the U.S.-Canada Digital Tax Dispute?

How often do you see the United States and Canada in a heated discussion? Very rare, isn’t it? The recent “Canada-U.S. Dispute Over Digital Services Tax” event ra...

Sep 06, 2024

4 Min Read

Why Was BF Borgers Penalized by CPA Ontario?
Accounting & Auditing

Why Was BF Borgers Penalized by CPA Ontario?

CPA Ontario, Canada’s regulatory body for Chartered Professional Accountants, is taking legal action against BF Borgers CPA PC and Ben Borgers from Lakewood, Colorado, for allege...

Sep 03, 2024

4 Min Read

Is PwC Set for a Six-Month Ban in China for Evergrande Audit?
Accounting & Auditing

Is PwC Set for a Six-Month Ban in China for Evergrande Audit?

When was the last time you saw a titan of the financial world brought to its knees? The accounting industry in China is about to witness just that, as PwC braces for an unprecedent...

Aug 27, 2024

3 Min Read