Tue.Feb 02, 2021

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How myths about the cloud are hurting your firm

ThomsonReuters

We’ve all heard the myths about cloud tax and accounting, including the intimidating theories that the cloud is not secure, expensive, complicated, or not up to compliance standards. Plus, as accountants, we tend to get comfortable with the on-premise, perhaps outdated software we’ve already implemented. However, the state of the tax and accounting industry is rapidly changing, and firms are having to shift their technology to keep from being left behind.

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Lower Filing Thresholds for HSR Act Premerger Notifications and Interlocking Directorates Announced

Shephard Mullin M&A

Lower Thresholds For HSR Filings. On February 1 st , 2021, the Federal Trade Commission announced revised, lower thresholds for premerger filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The filing thresholds are revised annually, based on the change in Gross National Product (GNP) and had not been lowered since 2010. The new thresholds will become effective on March 4, 2021.