Latest Articles

Xero

July 7, 2021 

Xero Celebrates 15th Anniversary, Donates $120k

To mark the inaugural Xero Day, Xero is giving back to the communities in which it operates by contributing to impactful community causes. Xero is donating NZ$15,000 to each of the eight charities supported through its Xero Community Appeal in 2020-21.

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July 7, 2021 

AICPA Seeks Feedback on CPA Exam Core and Disciplines Content

Stakeholders are asked to provide feedback on preliminary content through September 7, 2021. This valuable input from the profession will help guide the development of new CPA Exam blueprints and Exam design, which will then be shared via an Exposure ...

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July 7, 2021 

IRS Releases New Draft Instructions for Sch. K-2 and K-3

The redesigned forms and instructions give useful guidance to partnerships, S corporations and U.S persons who are required to file Form 8865 with respect to controlled foreign partnerships on how to provide international tax information.

Sovos

July 7, 2021 

Sovos Acquires Portugal Accounting Technology Companies

Together with existing Sovos capabilities, the acquisitions create a complete VAT, SAF-T and business-to-government (B2G) compliance solution for customers operating in Portugal, while adding compliant e-invoicing connectivity and extended digital ...

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July 7, 2021 

Deloitte Sponsors Diversity Accounting Scholarships at Ohio State

The funds will provide $150,000 in scholarships over a three-year period to select students who are enrolled in Project THRIVE or the MAcc program – and who have expressed interest in pursuing a career in professional services – to complete the fifth ...

 Fantasy Sports Tax Rules: Don’t Press Your Luck Against the IRS

July 7, 2021 

Fantasy Sports Tax Rules: Don’t Press Your Luck Against the IRS

Generally, your net profit for tax purposes is the amount of your winnings minus any entry fee. For instance, say you win $10,000 in a big stakes league and your entry fee was $1,000. As a result, your net profit is $9,000. Assuming you’re in the 24% tax

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July 6, 2021 

Getting Back to Work

WFH? Hybrid? Old Normal? What will your office look like going forward? McKinsey & Company surveyed 5,043 full time employees who work in government or corporate jobs during December, 2020, and January, 2021, asking about preferences for getting back ...

Gail Perry