Category Archives: News

News and current events

Sanders introduces legislation to tax excessive CEO pay

The bill would raise the federal corporate income tax rate on companies that pay their CEO more than 50 times as much as their average employee. Source: Payroll News

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FASB approves guidance to help with LIBOR transition

The Financial Accounting Standards Board approved an accounting standards update to help companies make the transition from the London Interbank Offered Rate to newer reference rates. Source: Payroll News

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Receipt Bank asks to '#GiveYourBookkeeperaBreak' in new campaign

Small business owners are encouraged to nominate an accountant who’s made a “lifesaving contribution” to their business. Source: Payroll News

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In the blogs: Resistance is feudal

Warren and realism; how partners slide; protecting clients’ cards; and other highlights from our favorite tax bloggers. Source: Payroll News

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Donor-advised funds grow in popularity thanks to tax reform

Donor-advised funds grow in popularity thanks to tax reform Source: Payroll News

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The IRS agenda for the end of 2019

NCCPAP’s Stephen Mankowski shares the service’s plans on cyber awareness, implementing the Taxpayer First Act, new forms and more. Source: Payroll News

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Finance projects often fail, but they don’t have to

Nearly 87 percent of the most recent projects undertaken by financial executives failed to meet either their original timeline or scope, according to a new report. Source: Payroll News

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FASB clarifies hedge accounting standard

The Financial Accounting Standards Board released a proposed accounting standards update Tuesday aimed at clarifying some areas of its 2017 hedging standard for derivatives. Source: Payroll News

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QuickBooks Connect 2019: Product roundup

QuickBooks Connect 2019 didn’t arrive with any big product releases or company news. Instead, Intuit discussed injecting artificial intelligence into its existing products, and adding capabilities to the QuickBooks suite. Source: Payroll News

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CECL standard expected to make a major impact

The accounting impact is estimated to affect more than 5,000 commercial banks and other financial entities that provide credit in the U.S., as well as non-financial institutions. Source: Payroll News

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