 | AccountantsWorld Daily News |
| 6/30/2016 |
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Employers Get More Time To Comply With Work Opportunity Tax Credit (CPA Practice Advisor) - The IRS is giving employers three additional months to comply with the rules for claiming the Work Opportunity Tax Credit (WOTC). The WOTC is available to employers who hire workers any one of several âtargetâ groups. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Floyd Mayweather Sends IRS Form 1099 To Strip Club For $20K. How To Punish By Tax Form? (Forbes) - The boxer sent an IRS Form 1099 to a strip club to report that he dropped $20,000...More than a few observers are probably wondering how they too can start issuing IRS Forms 1099 to turn the tax tables on someone. With Focus on Revenue, FASB Eyes Nonfinancial Assets (CFO) - The intense corporate focus on the Financial Accounting Standards Boardâs revenue recognition rules has prompted FASB to try to clarify how companies should account for sales of nonfinancial assets A Finely Tuned Focus (Ohio CPA) - Weâre living in a world where mobile phone apps have radically changed the business models in the sectors of transportation, lodging, broadcast media and more. Itâs the age of disruption, says The Ohio Society of CPAs CEO . U.S. Banks Beat Fedâs Test as Deutsche Bank, Santander Fail Anew (Bloomberg) - Federal Reserve officials cleared dozens of U.S. banks to boost shareholder payouts after conducting annual stress tests that proved too rigorous, again, for subsidiaries of Deutsche Bank AG and Banco Santander SA. Taxation Accounting/Audit | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  TSN Top 10 Plays   |