But there is a way tax reform could bring the deficit down and veil some realities of the economy, all thanks to accounting. The U.S. has had the highest corporate tax rate in the developing world at 35%. American companies have kept billions in profits overseas to dodge the high tax rate by lending their
See Original Article

Small business owners can mine the gold in their accounting and bookkeeping numbers with the assistance of Padgett of Central Connecticut. With business process services in Waterbury, CT, owners have quick and organized access to their numbers so that they can make smart and timely decisions.
See Original Article

CPA skims half a mil; rough ride; makeup fake-up; and other highlights of recent tax cases. Boston: CPA James Carey, 50, former owner of the forensic accounting firm Carey & Co., has been sentenced to 18 months in prison and a year of supervised release for understating his income by hundreds of
See Original Article

For most accountants working in 2017, Congress passing the GOP's tax bill is the biggest shock to the system in their professional career. The legislation, which brings a sweeping overhaul of the nation's tax code, will mean a tax cut for around 80% of American households, a lower corporate tax rate,
See Original Article

Beijing Capital Airlines and Yunnan-based Lucky Air were late in payments to Accounting Centre of China Aviation Ltd. Co. (ACCA), a subsidiary of state-owned TravelSky Technology Ltd. that provides ticket-sales settlement and clearing services to commercial airlines, Caixin learned from separate
See Original Article