In the blogs: Danger! Danger!
Payroll rigmaroles; bloggers’ taxes; the most out of seasonal staff; and other highlights from our favorite tax bloggers.
IASB mulls update to IFRS for SMEs
The International Accounting Standards Board is considering an update to IFRS for SMEs, its stripped down version of International Financial Reporting Standards for small and midsize entities, the second major update to the standards since it was introduced in 2009.
Crowe Global grows revenue 3.5% to $4.4B
Crowe Global, the eighth largest network of audit, tax and advisory firms, reported global revenues of $4.4 billion in 2019, an increase of 3.5 percent (not counting the impact of foreign currency exchange), the network’s eighth year of consecutive growth.
Mazars revenue grew over 10% last year
The international accounting firm network reported revenues of $1.98 billion in its 2018-2019 fiscal year.
Americans to inherit $764B this year, mostly tax-free
One way the rich get richer is through inheritance, and they’re barely paying taxes on it.
AICPA announces 2019 student video competition winners
Five college accounting students received $500 each for their creative entries answering the question, “Why do you want to become a CPA?”
63 of the biggest cities don’t have enough money to pay their bills
The majority of the U.S.’s 75 most populous cities lack enough funds to pay their bills, but the remaining 12 have budget surpluses, according to a new report.
63 of the biggest cities don’t have enough money to pay their bills
Tech News: Host Analytics rebrands as Planful
AvidXchange raises $260M, Invoiced processes $10B in receivables, and more
The many hurdles to implementing lease accounting
Private companies got a reprieve for implementation of this major standard — and they’ll need all of it, according to LeaseQuery’s George Azih.