The New Jersey Society of CPAs, Roseland, announced it is accepting nominations for its Ovation Awards, which honors accountants from industry, private and public practice, academia and the community. The seven categories of awards include: Emerging Leaders; Diversity, Equity & Inclusion; Innovation; Exceptional Educators; Women to Watch; Impact; and Lifetime Leader. More information on the
0 Comments
Wedbush Securities’ Dan Ives praised Tesla’s announcement on Thursday morning of a new $2 billion common stock offering. “It’s a smart, strategic move,” Ives said on “Squawk Box.” “It takes any doomsday scenario around cash crunch … off the table.” Shares of Tesla, which have skyrocketed recently, were under some pressure on Thursday after the
0 Comments
Michael Poveda (pictured) was hired as an assurance and advisory partner at UHY, Albany. Denise Gueli was promoted to Buffalo office managing partner at The Bonadio Group, succeeding Mario Urso who will continue to serve as chairman and co-founder of the statewide health care tax exempt practice. EisnerAmper, New York, named three professionals to the
0 Comments
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.” Munger —
0 Comments
Goodboy Picture Company A hot tax-advantaged opportunity is making the rounds among financial advisors. Just make sure you don’t overlook the risks. The Tax Cuts and Jobs Act, which went into effect in 2018, established so-called qualified opportunity zones — economically disadvantaged areas across the country. Funds specializing in qualified opportunity zones allow people to
0 Comments
The Internal Revenue Service, along with its Security Summit partners at state tax authorities and tax prep companies, urged tax professionals and taxpayers Friday to use the free, multi-factor authentication feature offered on tax preparation software products, as nearly two dozen tax practitioner firms have reported data thefts to the IRS so far this year.
0 Comments
Tesla has a long way to go before it justifies its current stock price, New York University finance professor Aswath Damodaran told CNBC on Thursday. Damodaran, known as the “dean of valuation” for his company analyses, said the electric-auto maker would need to have revenues comparable to the Volkswagen Group in 10 years, margins similar
0 Comments
Thursday, Sen. Pat Toomey (R-PA) introduced the “ALIGN Act,” which would make 100 percent bonus depreciation for short-life assets a permanent feature of the tax code and provide a technical correction to the 2017 tax law’s “Retail Glitch.” The Tax Cuts and Jobs Act (TCJA) of 2017 enacted a policy called 100 percent bonus depreciation,
0 Comments
The American Accounting Association has announced that five new members will be inducted into its Accounting Hall of Fame this August during the organization’s Annual Meeting in Atlanta. Started at Ohio State University in 1950, the Accounting Hall of Fame has inducted 101 members since its inception. Bruce Behn, past president of the AAA and
0 Comments
The Internal Revenue Service could be doing more to help taxpayers who own Bitcoin and other forms of cryptocurrency to comply with their tax obligations, according to a new report from the Government Accountability Office. The report, issued Wednesday by the GAO, acknowledged that the IRS has provided some guidance in 2014 and 2019 on
0 Comments