House votes to raise minimum wage to $15
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July 19, 2019
Upcoming Events July 19, 2019
DAILY BRIEFING
7 ways to take advantage of a summer slowdown at your firm
By Nellie Akalp
Summer is a blissful time of year, but it can also be a tough season to be an accountant.
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House votes to raise minimum wage to $15
By Michael Cohn      3 min read
The legislation would gradually raise the minimum wage by 2025 from its current level of $7.25 but is unlikely to advance in the Senate.
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Internal auditors must keep pace with demands for transparency
By Ernest Anunciacion      4 min read
Internal auditors can’t have a positive reputation in such a carefully scrutinized field unless they provide the information needed to make well-informed decisions.
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Tax Fraud Blotter: The taxman goeth
By Jeff Stimpson      7 min read
Grass and guns; you owe bigtime; crazy schemes; and other highlights of recent tax cases.
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Global economic confidence fell in Q2 for accountants
By Michael Cohn      3 min read
The level of confidence in global economic conditions dropped in the second quarter, especially in the U.S., according to a new survey by the ACCA and IMA.
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Host Analytics names new CEO after acquisition
By Ranica Arrowsmith      2 min read
Grant Halloran takes over from Dave Kellogg, who stepped down earlier this year when Host Analytics was acquired by Vector Capital.
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More questions about how Jeffrey Epstein got island-owning rich
By Joe Nocera      10 min read
In the short term, the judge and the government need a full accounting of Epstein’s wealth as part of the bail determination.
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U.S., France sidestep tax feud for now after G-7 confrontation
By William Horobin and Saleha Mohsin      2 min read
The U.S. and France agreed to push ahead with creating a global digital tax system at a Group of Seven meeting, papering over a feud on the matter that still has Washington dangling threats of tariffs.
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Sex toys allowed, not massages, in fine print of Trump tax break
By Noah Buhayar      6 min read
Liquor stores can’t claim a hot new U.S. tax break designed to create jobs in poor communities. One of the biggest property developers for marijuana ventures says it can.
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House vote to repeal Obamacare tax shows health care tension
By Laura Davison      5 min read
The House voted overwhelmingly to repeal a tax Wednesday intended to fund the Affordable Care Act, preserving tax breaks for employer-sponsored insurance plans favored by large corporations.
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Lease accounting: Grappling with a major change
The new lease accounting rules represent one of the biggest changes in standards in some time -- and management, statement users, accountants and auditors are scrambling to understand and comply with them.
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