News & Analysis as of

Accounting

Allen Barron, Inc.

Many Business Owners Undervalue Accounting

Allen Barron, Inc. on

Why do many business owners undervalue accounting and the profound financial impact it can have on your business operations and profit? Business in 2025 moves at an incredible rate of speed, and the complexities of managing...more

Allen Barron, Inc.

How to Choose the Right Tax Attorney

Allen Barron, Inc. on

Are you searching for information on how to choose the right tax attorney? Are you a U.S. taxpayer who has a challenge with the IRS or a state tax agency? Are you facing an IRS or state tax audit? Are you an American...more

Stark & Stark

Addressing Issues with an Accounting by an Executor of an Estate

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Prior to the distribution of an estate by an executor to its beneficiaries, an executor must prepare an accounting which outlines the assets of an estate, its liabilities, and the expenses paid by an estate prior to actual...more

Seward & Kissel LLP

[Event] Blockchain Symposium - April 30th, New York, NY

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The Symposium will cover topics including: - What are the tax and accounting structuring, compliance and enforcement considerations when tokenizing assets? - Onboarding private fund processes on-chain, where are we...more

Farrell Fritz, P.C.

Premature or Untimely? Both at the Same Time? When to Sue as a General Partner

Farrell Fritz, P.C. on

Under ancient (some would argue vestigial) common-law rules of general partnerships, partners can find themselves stuck between a rock and a hard place deciding when to pull the trigger on a lawsuit....more

Mayer Brown

L'erreur comptable délibérée et l'inscription en comptabilité de titres de participation

Mayer Brown on

Dans une décision du 12 mars 2025, le Conseil d'Etat confirme que si l'inscription initiale de titres en titres de participation constitue une erreur délibérée, la société ne peut bénéficier des effets d'une rectification de...more

Allen Barron, Inc.

International Business Dealings Require Integrated Legal, Tax and Accounting Support

Allen Barron, Inc. on

Why do international business dealings require integrated legal, tax, and accounting services? It doesn't matter how small or large your company is. If you are a U.S. company that conducts business outside of the United...more

Society of Corporate Compliance and Ethics...

The SEC's Reach Beyond Publicly Traded Companies

Think you don’t have to worry about the SEC because you’re at a private company or a non-profit? Think again says, Kevin Muhlendorf, attorney at Wiley Rein. You may still end up in the Commission’s crosshairs. He warns that...more

Winthrop & Weinstine, P.A.

Minnesota’s Sales Tax Expansion: What It Means for Professional Service Firms

Minnesota is on the verge of a historic tax policy change that could reshape the professional services landscape. Under Governor Tim Walz’s proposed $65.9 billion budget for 2026-2027, the state aims to lower the sales tax...more

Arnall Golden Gregory LLP

Hollywood Accounting: Why Every Creator Needs an Audit Clause

The term “Hollywood accounting” describes the stigmatized financial practices employed not only by film studios but also other powerful entities that pay creators, whether they are streaming platforms, recording labels, or...more

Allen Barron, Inc.

The Trend to Integrate Legal, Tax, Accounting, Business and Financial Advisory Services: the KPMG Arizona Gambit

Allen Barron, Inc. on

It has always been prudent to search for firms who can integrate legal, tax, accounting and business advisory services. While there are few such genuine providers across the United States they do exist, and the KPMG Arizona...more

Blake, Cassels & Graydon LLP

L’organisme de réglementation en matière d’expertise comptable accroît ses pouvoirs de surveillance

Le Conseil canadien sur la reddition de comptes (le « CCRC ») a récemment modifié ses règles (les « Règles ») applicables aux cabinets d’experts-comptables prenant part à son programme de surveillance. Il s’agit des premières...more

Goldberg Segalla

Accountants Owning Law Firms?

Goldberg Segalla on

In a novel move, Big 4 accounting firm KPMG has taken the first step in seeking to own and operate a law firm in the United States. Although permitted in other countries, the United States  generally prohibits non-lawyers...more

Walkers

A Guide to Guernsey Investment Funds

Walkers on

Guernsey has long been one of the world's premier jurisdictions for investment funds - There are a number of advantages for using Guernsey as a jurisdiction, including the wide variety of company and limited partnership...more

Blake, Cassels & Graydon LLP

Public Accounting Regulator Expands Oversight Powers

The Canadian Public Accountability Board (CPAB) recently amended its rules (Rules) applicable to accounting firms that participate in its oversight program. This marks the first amendment to the Rules since they were...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - (December 2024 - From Awareness to Action: A Deep Dive into CTPAT Training

In the global trade universe, where time holds huge importance, weak security practices in your international operations could be detrimental to your business. Customs and Border Protection (CBP), the folks behind CTPAT, are...more

J.S. Held

The Dark Side of Artificial Intelligence: Scams and Frauds

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AI is technology that enables computers to simulate human intelligence and problem-solving skills, whereas deepfake is synthetic media that has been digitally manipulated to replace and mimic one person’s likeness. AI has...more

Vinson & Elkins LLP

Freight Accounting Fumble Leads to SEC Fine: UPS Penalized for Not Booking Known Impairment to Goodwill

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The Securities and Exchange Commission (SEC) recently announced that United Parcel Service Inc. (UPS) has agreed to pay a $45 million penalty for materially misrepresenting its earnings by improperly valuing its UPS Freight...more

Mitchell, Williams, Selig, Gates & Woodyard,...

National Association of Insurance Commissioners (NAIC) Fall 2024 Meeting Summary

The Mitchell Williams Insurance Regulatory team of attorneys recently attended the National Association of Insurance Commissioners (NAIC) Fall 2024 National Meeting which was held in Denver, Colorado. We have prepared a...more

Cooley LLP

SEC charges UPS with failure to take goodwill impairment charge require by GAAP

Cooley LLP on

Last week, the SEC announced settled charges against United Parcel Service Inc. for failing to take an appropriate goodwill impairment charge for a poorly performing business unit, thus materially misrepresenting its...more

Foley & Lardner LLP

Unlocking the Power of Equity-Based Incentive Compensation: Cash-Settled Equity Awards

Foley & Lardner LLP on

This article is the sixth in our series on equity-based compensation intended to assist employers with answering a common question: What type of equity compensation award is best for our company and our employees?...more

Cooley LLP

PLI panel offers hot tips on accounting and auditing issues

Cooley LLP on

At the PLI Securities Regulation Institute last week, the accounting and auditing update panel provided some useful insights—especially for non-accountants. The panel covered the new requirements for segment reporting, the...more

Allen Barron, Inc.

Tuning up your business

Allen Barron, Inc. on

It's human nature to take the "if it ain't broke, don't fix it" attitude, which extends to allowing areas of your business to evolve and develop without scrutiny. This is why tuning up your business is an essential part of...more

Allen Barron, Inc.

Integrative Legal, Tax, Accounting, and Business Advisory Services More Important Than Ever

Allen Barron, Inc. on

Integrative legal, tax, accounting, and business advisory services are more critical than ever as we address the challenging environment of continuous change. Seek change; wherever you find it, opportunity will exist....more

IR Global

AI: Businesses' new nervous system

IR Global on

Technology is an increasingly important part of what we do as accountants. Whether that’s through accounting software, cloudbased solutions or AI-bots, no practice can expect to keep pace with client demands without adopting...more

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