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July 25, 2019

DAILY BRIEFING

TCJA boosted multinationals’ investments overseas more than in U.S.

By Michael Cohn 5 min read

GILTI and FDII may be encouraging companies to invest more abroad, rather than repatriating their income.

Grant Thornton now offers Ephesoft Smart Capture solutions

By Ranica Arrowsmith 2 min read

Chicago-based Top 100 Firm Grant Thornton now offers Ephesoft Smart Capture solutions for managing unstructured data.

IRS provides tax break for 23andMe as a medical expense

By Michael Cohn 3 min read

The Internal Revenue Service issued a ruling allowing a taxpayer to use a tax-advantaged flexible spending account to pay for the medical portion of an ancestry test.

CRI merges in Wm. F. Horne & Company

By Michael Cohn 2 min read

Carr, Riggs & Ingram has increased its presence in Mississippi with its latest M&A deal.

Wage growth accelerated in Q2, says ADP

By Michael Cohn 5 min read

Wages grew at an average rate of 4.0 percent over the past year, increasing the average wage level by $1.09 to $28.54 an hour in the second quarter of the year.

UC Davis launches two online accounting certificates

By Sean McCabe 1 min read

The University of California, Davis, announced two redesigned accounting certificates — Accounting Principles and Accounting Specialist — set to debut this fall.

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Expand your range

By Kyle Walters 6 min read

Playing it safe is too risky in today’s complicated world.

Uber, Lyft rides may be taxed under San Francisco measure

By Romy Varghese 3 min read

Ride-hailing customers may be forced to pay a new tax in the city where the disruptive industry got its start.

Corporate America extracts cash from Bermuda after tax change

By Laura Davison 3 min read

U.S. corporations brought back offshore profits in record numbers last year with nearly half of the repatriated funds coming from low-or-no-tax countries where companies had stashed cash prior to the 2017 tax law.

Protecting clients: Manufacturers are high-risk for data breaches

By Ranica Arrowsmith 4 min read

Cybersecurity is top of mind today for accountants, but accounting professionals have to keep in mind the vulnerability of their clients, and different types of clients face different levels of risk.

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Special Report: The Audit of the Future

If even half the current predictions are true, in five years no one will recognize the audit. This report will look at some of the most likely changes.

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