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Understanding Sustainable Cost Reduction In a McKinsey Quarterly survey , it was found that 79 percent of companies implemented cost-cutting measures in response to the global economic crisis of 2008-09. This was evident during the 2008-2009 financial crisis, as shown in McKinsey’s survey above.
TaxDome is a popular practice management solution for accounting firms, tax firms, and bookkeepers. Top features: With Karbon, firms enjoy automatic client data collection to support streamlined onboarding, convenient document storage, task automation, and integration with other applications.
TaxDome is a popular practice management solution for accounting firms, tax firms, and bookkeepers. Top features: With Karbon, firms enjoy automatic client data collection to support streamlined onboarding, convenient document storage, task automation, and integration with other applications.
Accounting forums are digital communities usually populated by firm owners, CPAs, tax specialists, and other financial experts. All kinds of accounting topics, from taxes to software recommendations and business strategies can be discussed. This forum has been around since 2008 and still has decent web traffic.
I've got follow up on Wirecard, the Ernst & Young audit that apparently did not detect $2 billion in money that was missing. David Leary: [00:04:18] I've got some Wirecard, as well. Blake Oliver: [00:04:19] IRS news, appropriate for Tax Day coming up. Let's talk about Tax Day. 2 Was Key to the Firm’s Rapid Rise. . -
David Leary: [00:02:39] So, last week, all this tax change, and deadlines, and all these things kept coming out, and I was like, "Oh, I should get Kelly on again." She writes for Forbes, and she writes for Bloomberg Tax. This hasn't been finalized yet," from the tax situation. I regale them with tax stories.
We learned this in the 2008 stimulus package. But we are- we're working together. [00:46:17] The way we're trying to do this, to have a really good voice - and that's what we've stood up in the past month - to say, "Let's have a collective voice." Erik Asgeirsson: [00:28:43] Yeah. It's $350 billion, and we're worried about fraud.
At some other level, I step back and think about tax policy in this country dictates social policy. There'll probably be some bill in that's a protest/riot-damage bill, or something in small businesses, which'll have tax implications.
David Leary: [00:13:00] Do you think if it wasn't for PPP and the loan situations - because tax season kinda got delayed - do you think it'd be less? Well, yeah, I think the tax season and PPP together create this really difficult situation. The last stimulus, in 2008, it was twice that. It's dead in the month of July, right?
There was a story in the Wall Street Journal about how auditors are struggling to work remotely, which doesn't surprise me given the reliance on paper for a lot of auditing and in-person interviews. [00:07:46] There's some good news; the AICPA issued a new audit evidence standard that allows for non-human evidence collection.
The White House is still proposing this ridiculous plan that apparently nobody cares about other than them, which is the payroll tax cut. David Leary: [00:10:10] I think I saw an article here on PYMNTS.com that the GOP and the White House have agreed on a plan now. So, the White House is kinda. People are getting tired of it.
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