ThomsonReuters

MAY 19, 2021

When the modification meets both of the following criteria, lessees and lessors account for the changes as a new, separate contract: The lessee obtains an additional right of use not included in the current lease. Effects of the COVID-19 Pandemic. appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Finance 98

Finance 98

ThomsonReuters

JULY 11, 2023

Remaining competitive and successfully meeting the rise in client expectations requires that firms have a roadmap in place to apply a more sustainable value-based business model and support advisory-centered client relationships. So how can firms elevate their advisory journey?

Compliance 75

Compliance Marketability 75

ThomsonReuters

NOVEMBER 19, 2021

Your knowledge and its effect on your client relationships is what drives your reputation and long-term success. Whether you are an individual learner or a firm looking for options for staff, you can meet your CPE requirements or administer learning for your whole team. Wide range of topics. Learn from industry-leading experts.

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ThomsonReuters

NOVEMBER 9, 2022

Under the new rules, taxpayers get a $3,750 credit for meeting the critical minerals requirement and a $3,750 credit for meeting the battery component requirement. Obviously, the burden for meeting these more technical requirements fall on the manufacturers of batteries and electric vehicles. . meets requirements of IRC Sec.

Start-ups 105

Start-ups Treasury 105

ThomsonReuters

JANUARY 4, 2024

This approach proves to be both convenient and cost-effective, enabling firms to better manage heavy workloads, cater to more clients, and meet tight deadlines without the complexities of recruiting additional staff. In fact, many firms are opting for outsourcing rather than hiring full-time employees.

Accounting Firms 78

Accounting Firms Technology Compliance Marketability 78

ThomsonReuters

JANUARY 10, 2024

In this blog, we’ll explore how artificial intelligence and automation, when thoughtfully implemented, can not only revolutionize but redefine your client service strategy. This transformative approach can reshape and elevate your practice to meet the evolving needs of both your firm and clients.

Compliance 52

Compliance Accounting Firms Technology Data Analysis 52

ThomsonReuters

JUNE 28, 2023

This includes ESG audit support that verifies the effectiveness of controls, as well as activities that identify gaps, assess risks, and develop a recommended plan of action. Accountants and auditors have an expanding role to play in determining the integrity of a company’s disclosure of ESG topics.

Accounting Firms 98

Accounting Firms Compliance Start-ups Technology 98

Audit Board

OCTOBER 10, 2023

With the Corporate Sustainability Reporting Directive (CSRD), which went into effect in 2023 , the EU expanded on the existing Non-Financial Reporting Directive (NFRD), and made significant strides towards unifying ESG reporting standards, incorporating practices from the GRI, ISSB, and TCFD.

Finance 52

Finance Technology Compliance Banking 52

Audit Board

AUGUST 21, 2023

In our Spotlight on Success series, Christopher Giesler (IT Audit Manager) and Heather Leavitt (Internal Controls & Accounting Policy Manager) share how The Toro Company leveraged AuditBoard’s connected risk platform to develop an enterprise risk management strategy and meet increasingly rigorous requirements from external auditors.

Compliance 52

Compliance Start-ups Technology 52

Audit Board

MAY 6, 2022

The SEC has come out with a wide range of proposed rules covering topics such as climate risk disclosures, SPACs, and now cybersecurity disclosures. The effect of the incident on the registrant’s operations. The documentation must include the following details: When the incident was discovered and whether it is ongoing.

Compliance 97

Compliance Start-ups Technology 97

ThomsonReuters

JANUARY 12, 2023

From measuring sustainability to quantifying the ethical impact of supply chains, accountants and auditors have an expanding role to play in determining the integrity of a company’s disclosure of ESG topics. . As ESG reporting matures, the audit profession will be tapped to meet the demand. . What is an ESG audit?

Compliance 52

Compliance Technology Accounting Firms Equity 52

Audit Board

MAY 6, 2022

Audit committee members have oversight of internal audit, but time together is often limited to just four meetings each year. Leverage risk management technology to perform trend analysis through real-time visualizations that measure the effectiveness of your efforts, and proactively manage risk by monitoring key risk indicators.

Compliance 98

Compliance Technology Specific Risk 98

ThomsonReuters

JANUARY 29, 2024

Jump to: The big picture Why this issue matters Understanding ESG auditing The big picture Climate change can be a tricky topic to discuss, but there’s no doubt that a great many businesses are having to discuss and account for climate risk. To provide that kind of information, organizations need to perform ESG auditing.

Start-ups 52

Start-ups Treasury Technology Banking 52

ThomsonReuters

JULY 1, 2022

To qualify for exemption, employees must generally meet certain tests, including a salary basis requirement. In 1938, the year the FLSA took effect, the salary basis was $1,560.00 Interested in payroll topics? Salary basis. per year for only the administrative and executive exemption.

Start-ups 93

Start-ups Compliance 93

ThomsonReuters

DECEMBER 16, 2022

Communication about a company’s ESG-related activities is most effective when it tells a story. Forming a narrative can be powerful and, in order to meet increased demand for ESG-related strategies, companies would be wise to incorporate ESG into their value creation narrative. What is an ESG narrative and why is it important?

Start-ups 59

Start-ups Compliance 59

ThomsonReuters

FEBRUARY 29, 2024

In 1907, accountant Joseph Edmund Sterrett spoke at the annual meeting of the American Association of Public Accountants, voicing the importance of ethics and setting in motion the notion of a code of professional conduct. Next are two sets of three-digit numbers that identify the topics and, when applicable, subtopics or sections.

Compliance 52

Compliance Finance Accounting Firms 52

Audit Board

JANUARY 17, 2023

Integrating ESG activities into your organization’s internal audit plan is essential for your business to meet the rising demand from shareholders, boards, and the public for increased visibility around ESG risk reporting. Benchmark ESG topics in your industry. Assess internal and external stakeholder engagement in ESG topics.

Start-ups 52

Start-ups 52

ThomsonReuters

JUNE 7, 2021

Effective November 9, 2020, the SEC adopted modernizing amendments to corporate reporting in Final Rulemaking Release No. For more topics of discussion high on investors’ agendas, see my blog post titled What will shareholder activism look like in the COVID-19 era? 2) SEC’s heightened ESG scrutiny. Learn more!

Compliance 98

Compliance Start-ups Private Equity Firm Finance 98

ThomsonReuters

MARCH 17, 2021

He shared his thoughts about whether technology will impact the way the board sets standards and provided the most current view of the board’s work on segment reporting, goodwill, government assistance, debt, and a slew of other topics. For example, at our December PIR meeting, we had a public read out of the input we received.

Start-ups 64

Start-ups Technology Compliance Banking 64

Audit Board

FEBRUARY 14, 2023

Environmental, Social, and Governance (ESG) disclosures in public company financial reports have been a constant topic of conversation for over a year. As with any new topic, people are speculating about this requirement, and several myths have been perpetuated that must be addressed.

Specific Risk 52

Specific Risk Marketability 52

Audit Board

MARCH 22, 2023

This article will share insights on three holistic risk management strategies organizations use to meet modern governance expectations. 1. Controls are designed to meet departmental needs within a hybrid setting. Learn more about AuditBoard’s connected risk platform designed to meet modern governance expectations.

Compliance 52

Compliance Treasury Technology Finance 52

Farrel Fritz

JUNE 12, 2023

The majority of disputes we litigate and blog about concern ownership of or governance in an LLC. Freeze-Out Mergers Regular readers of this blog surely saw this topic coming. Is effective immediately.

Appraisal 52

Appraisal Accounting Firms 52

ThomsonReuters

JANUARY 30, 2023

During an early-December 2022 NCSL Forecast 2023 meeting he explained the challenge to employ workers has been echoed by legislators nationwide. Payroll on Checkpoint examined 133 pieces of payroll-related state legislation across the nation to spot the top ten hot topics that are being tackled in the current legislative session.

Marketability 105

Marketability 105

ThomsonReuters

SEPTEMBER 23, 2022

There have been several recent news and opinion articles on the topic of “quiet quitting” as of late. This is the concept where an employee merely meets the very basics of his or her job description at work. Supreme Court has addressed this topic in limited cases, which may also subject may also be found under state and local laws.

Start-ups 52

Start-ups Finance 52

ThomsonReuters

APRIL 25, 2024

As an accountant, your clients look to you for retirement advice, including tax considerations for IRA plans, the tax benefits of different IRA types, taxes on IRA contributions and withdrawals, and inheritance-related topics. Roth IRA withdrawals, on the other hand, are generally tax free if you meet certain requirements.

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Audit Board

SEPTEMBER 7, 2023

And what past lessons and emerging best practices can companies draw upon to engender the collaboration, alignment, accountability, and visibility needed to build and run effective ESG programs? As new risks and market pressures emerge and transform, organizations must develop the roles and frameworks needed to respond effectively.

Compliance 52

Compliance Start-ups Specific Risk Marketability 52

Audit Board

NOVEMBER 9, 2023

Here I share my thoughts on this topic and offer some suggestions for how the profession of internal auditors should be recognised for what they are: their organisation’s trusted advisors. In today’s world, the external auditor will effectively “hear” an organisation’s financial statements. Auditor”: what’s in a name?

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ThomsonReuters

MAY 6, 2022

This Summer/Fall testing period will be based on federal laws and regulations in effect as of January 1, 2022. A statutory employee must also meet the following three conditions under Social Security and Medicare taxes: The service contract states or implies that substantially all the services are to be performed personally by them.

Start-ups 95

Start-ups Compliance 95

Audit Board

MAY 5, 2023

Claire Feeney: “When we think about these driving factors — meeting expectations that our stakeholders have, preparing for the inevitable external audit of our ESG data, and really trying to embed ESG throughout your business — risk management is a big driver. In turn, it helps those teams run a more effective ESG program.

Start-ups 52

Start-ups Compliance Technology Marketability 52

ThomsonReuters

NOVEMBER 25, 2020

This question is quite apropos in light of the controversy that has surrounded the topic for years, with CEOs of major US companies going from earning 21 times as much as the typical worker in 1965 to earning 320 times as much in 2019. at its August 6, 2020 Annual Meeting of Stockholders. LCI isn’t alone.

Equity 98

Equity Banking 98

Reynolds Holding

APRIL 10, 2023

One way might be through effective internal controls. Yet few of them seem to have developed effective, integrated systems of internal control over their material or decision-useful sustainable business information.” One way might be through effective internal controls.

Compliance 45

Compliance Going Concern Value Start-ups Finance 45

Audit Board

OCTOBER 6, 2022

Unlike more prescriptive cybersecurity frameworks, SOC 2 allows the service organization to define how its cybersecurity controls are implemented, provided they meet the intent of the Criteria they satisfy. Availability : Information and systems are available for operation and use to meet the entity’s objectives. Points of Focus.

Compliance 52

Compliance Start-ups 52

Audit Board

JANUARY 26, 2023

Auditors still need to understand why the project is on the plan, meet with executives in this area, understand the risk drivers, and establish the audit’s objective. The individual also conducts weekly or bi-weekly sprint meetings with stakeholders to discuss audit progress and any issues.

Start-ups 52

Start-ups Banking Technology 52

ThomsonReuters

FEBRUARY 6, 2024

These taxes are typically aimed at influencing behaviors that have negative effects on people’s health and the taxes collected are applied toward the healthcare and support programs affected by these behaviors. Fuel excise tax (gas taxes) Fuel excise tax, or gas taxes, are collected by sellers at the point of purchase and included in the price.

Compliance 52

Compliance Accounting Firms Marketability 52

ThomsonReuters

JANUARY 17, 2023

To meet this test , individuals must be physically present in the United States for at least: . To determine if he meet s the substantial presence test for 2021, count the full 120 days of presence in 2021, 40 days in 2020 (1/3 of 120), and 20 days in 2019 (1/6 of 120). Effectively connected income (ECI). sourced income.

Compliance 59

Compliance Dividends 59

Audit Board

MARCH 17, 2022

Protiviti’s Steve Wang discusses key considerations for implementing effective ESG internal controls at every ESG program maturity level. Climate risk is obviously a hot topic right now especially in financial services and energy. Relevant (meets stakeholder needs, useful). Essentially, does it meet stakeholder needs?

Start-ups 98

Start-ups Technology Accounting Firms Compliance 98

ThomsonReuters

OCTOBER 1, 2021

As the effects of the pandemic continue to reverberate through the economy, resource-constrained corporate tax departments are unceasingly adapting to change — including new regulatory requirements, new ways of working, extended tax deadlines, Covid tax relief provisions and, now, the demands of a busy tax-filing season.

Technology 52

Technology Compliance 52