Resources
Accounting Today
- by Roger RussellA hearing on Capitol Hill reveals some of the problems with the act, and why we may see 'massive' noncompliance.
- by Jeff StimpsonWelcome, 1099-DA; moving out and moving on; not all CRM is alike; and other highlights from our favorite tax bloggers.
- by Daniel HoodA staff report from the Public Company Accounting Oversight Board recommends digging into the factors underlying firm deficiencies.
- by Paige HagyThe International Sustainability Standards Board published a new taxonomy to help investors analyze sustainability disclosures.
- by Paige HagyThe U.S. firm attributed the uptick to the return of business travel since the pandemic, according to its 2024 Impact Plan report.
- by Chris GaetanoSovos announced the launch of Sovos Indirect Taxes, which features e-invoicing capacities and integrates with over 70 ERPs and transaction management systems.
- by Gale CrosleyAt a time when resources are scarce, it makes sense to identify clients that represent the highest potential for the most profitable firm revenue growth.
- by Editorial StaffThe number of individual income tax returns received rose by 16.34% in the final week of tax season.
- by Darren RootThe tools, techniques, strategies and relationships you need to embrace to expand into advisory services.
- by Jeff StimpsonTaxpayers and clients have scads of wrong ideas about taxes — and they have even more wacky notions about tax refunds.
Wall Street Journal
- Lufthansa said it expects an improvement in its second-half operating result, with capacity seen at more than 95% of prepandemic levels in the third quarter, but cautioned that unit revenue will fall in the next three months.
- Stellantis backed its full-year guidance despite revenue falling in the first quarter on lower sales volumes and as it prepared to launch new models.
- Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.
- Clariant reiterated its full-year outlook after it reported an improved earnings margin in the first quarter, helped by lower raw material prices and a strong performance at its aviation business.
- The property developer’s shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector.
- Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.
- OMV reported first-quarter profits ahead of forecasts despite revenue falling on lower gas prices, and backed its full-year production guidance.
- Santander posted a below-forecast rise in first-quarter net profit, for the first quarter, but said it was on track to meet its key 2024 financial targets.
- Bonza, a startup low-cost carrier in Australia that competed with local heavyweights Qantas and Virgin Australia on some routes, has gone into administration, a process similar to U.S. bankruptcy.
- The fast-food chain aims to nearly double restaurants in the country after spending $1.8 billion to buy back a bigger stake in the company’s business there.