The recent significant reduction in the corporate tax rate to 21% has many S corporations considering whether to convert to a C corporation to take advantage of the lower rate. Find out the costs and benefits of converting.
Holiday parties can leave employers open to liability if employees engage in behavior such as bullying or harassment. Companies should consider factors such as whether to serve alcohol and where the event is held.
The Securities and Exchange Commission should adopt rules to provide investors more information on how their shares are voted by fund managers in corporate elections, Commissioner Robert Jackson Jr. says.
The US economy added 155,000 jobs to nonfarm payrolls in November, slower than the amount in recent months. The unemployment rate stayed at 3.7%, and average hourly earnings increased 3.1% compared with November 2017.
"The time has come to take a new look at the Three Lines of Defense and give this trusted instrument a 21st-century makeover," writes IIA President and CEO Richard Chambers. "Buoyed by the support of governance experts in the public and private sectors, academia, regulators, and representatives of the Big Four accounting firms, The IIA has embarked on a project to refresh the model."
Smaller organizations with limited staff might have difficulty implementing the Financial Accounting Standards Board's new standard on presentation of not-for-profit financial statements. These tips can make the work easier.
US finance decision-makers remain positive about the economy and their organizations' prospects, but their optimism decreased a bit in the fourth quarter, according to a survey by the Association of International Certified Professional Accountants. See what CFOs, controllers and others say about spending plans, profits and labor shortages.
The research and development credit was recently amended to make it more beneficial for small startups that cannot use an income tax credit in their critical early years of operation. See who qualifies to take the credit against payroll taxes, how to make the election, how to calculate the credit and how to report it.