After the Internal Revenue Service's Modernized e-File and Direct Pay systems were not in operation for most of Tuesday, the IRS has extended the filing and payment deadline for 2017 individual tax returns until midnight today.
Small businesses have posted a median loss because of occupational fraud nearly double that of bigger counterparts, according to the 2018 Report to the Nations on Occupational Fraud and Abuse, released by the Association of Certified Fraud Examiners. The report says businesses with fewer than 100 employees are less likely to have anti-fraud controls and are more likely to be victimized by an owner or an executive, contributing to larger losses.
CPA candidates might think they have time for only work and studying as they prepare for the CPA Exam. But too much isolation from friends and family can harm important relationships.
Some cities have banned questions about salary history, but many employers elsewhere in the country still ask. Experts advise answering the question if necessary but putting the information in context to demonstrate your true value.
Many organizations are not prepared for the upcoming General Data Protection Regulation, as many fail to understand the broad scope of the new rules. Consent processes alone will not be enough to meet the EU regulation.
At the end of last year, the Internal Revenue Service began mailing assessments of the Section 4980H employer shared-responsibility payment for 2015 and will soon propose assessments for 2016. Here's what large employers should expect of these assessments, which many people are unaware were not repealed by the recent tax law.
Large financial institutions are taking different approaches to explaining the effect of new rules for recognizing revenue. Citigroup did not mention the change when it reported first-quarter earnings, while JPMorgan Chase explained why the change positively affects revenue.