| 10/17/2016 |
|
| |
U.S. Adjusts Rules Limiting Corporate âEarnings Strippingâ The U.S. Treasury Department softened new rules aimed at preventing multinational companies from shifting their profits offshore to lower-tax countries -- a response to sustained criticism from big business and from members of Congress, whoâd asked that they be delayed and scaled back. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES One Big End-of-Year Payroll Tip It's October, the time when year-end anxiety begins to creep in. And this year, there's more to worry about--your paper and electronic W-2s are due to the Social Security Administration on the same day they're due to employees. Top considerations for 2016 audit cycle New rules about disclosing the name of the engagement partnerâas well as a continued regulatory focus on internal control over financial reportingâare some of the main topics auditors need to consider during the 2016 audit cycle, according to new risk alerts published Tuesday by the Center for Audit Quality (CAQ). IRS Releases Rules for Deducting Disaster Losses n the wake of Hurricane Matthew, the Internal Revenue Service has released new rules and procedures for deducting disaster losses. Revenue Procedure 2016-53 contains rules and procedures for the election under Section 165(i) of the Tax Code to deduct a disaster loss for the taxable year immediately preceding the taxable year in which the disaster occurred Lack of new blood casts doubt over Wells Fargo's change plan Wells Fargo & Co's decision not to introduce new names onto its board or into the ranks of its senior management in the wake of a sales scandal has raised questions about whether it can truly fix the culture which caused its problems. Taxation Accounting/Audit | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Trailer for The Accountant   |