It is vital that CEOs establish the appropriate cybersecurity “tone at the top” for their respective organization, regarding the importance of information security and how cybersecurity is everyone’s shared responsibility in a truly digital world. Establishing an organizational “culture of cybersecurity” has proven to be one of the best defenses against cyber adversaries.
The Tax Cuts and Jobs Act (H.R. 1) has been approved by Congress and signed by President Trump. After a last-minute procedural glitch that required the Senate to vote first on the final bill, the most sweeping change to the U.S. tax code in decades cleared the Senate, 51 to 48, in the early morning hours of December 20, followed by House approval, 224 to 201, later the same day. President Trump signed the bill into law at the White House on December 22, 2017.
Year-end 2017 presents a unique set of challenges for taxpayers. At the top of the list are the uncertainties created by the possibilities within proposed tax reform legislation – what changes might be made, and whether those changes would be retroactive for 2017.
In response to Hurricanes Harvey and Irma, the IRS announced that employer-sponsored retirement plans can make participant loans and hardship distributions available to participants and certain members of their families who live or work in the affected disaster areas.
During its 2017 legislative session, the Virginia General Assembly enacted legislation authorizing the Virginia Department of Taxation to administer a Virginia Tax Amnesty Program.
For a business owner at an early-stage startup looking for an outside investor, maintaining a sound set of financial statements is not only key to securing capital but is important for assessing the health of your business.
By now, just about everyone knows about the Equifax data breach. What makes this data breach so alarming is that Equifax is one the of the three major credit reporting bureaus in the U.S. Have you checked to see if your personal information is compromised? If so, do you know what to do about it? Read on to learn how to check and what steps you should take to protect your security.
On August 18, 2017, the SEC staff released Staff Accounting Bulletin No. 116 to conform its staff guidance on revenue recognition with Accounting Standards Codification Topic 606.
Business credit card abuse by executives and sales representatives has become a top focus of forensic accounting cases. So what enables these individuals to enrich themselves at will? Oftentimes, it comes down to two preventable factors.
When disaster strikes, organizations can face significant losses—not only from damage to physical property, but also from the business interruption caused by the event. As companies take steps to recover and rebuild, here are five key tips to keep in mind when filing an insurance claim after a disaster.