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Apr 18, 2024
Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases.
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Apr 18, 2024
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
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Apr 18, 2024
Ross Tennenbaum said he intends to improve its customer experience, and hinted at an e-invoicing partnership with a blue chip company.
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Apr 18, 2024
Accounting and finance professionals are expressing greater confidence about the world economy this year, according to a new survey.
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Apr 18, 2024
PricewaterhouseCoopers US is realigning its organizational structure across three lines of service — Assurance, Tax and Advisory — starting in July.
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Apr 18, 2024
PricewaterhouseCoopers US is realigning its organizational structure across three lines of service — Assurance, Tax and Advisory — starting in July.
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Apr 18, 2024
Ernest John Nedder, a partner and chief strategy officer at RSM US LLP, will be the next CEO of the RSM International network, succeeding longtime CEO Jean Stephens on June 1.
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Apr 18, 2024
If an enterprise doesn't accurately measure and manage cash flow effectively, it won't be able to make sound financial decisions for the future.
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Apr 18, 2024
The lawsuit accuses the SEC of acting without authority to create the Consolidated Audit Trail.
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Apr 18, 2024
The suit in Texas accuses the SEC of acting without authority to create the Consolidated Audit Trail.
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Apr 18, 2024
Donald Trump is under pressure from economists in his circle to embrace a flat tax rate, softer trade stance and to hold the line on the state and local tax deduction.
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Apr 18, 2024
Economists in Donald Trump's circle are pressuring him to to embrace a 17% tax rate for all, and to hold the line on the state and local tax deduction.
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Apr 18, 2024
Economists advising Donald Trump are pushing to keep a cap on the state and local tax deduction, limiting a valuable tax break for many residents of New York, New Jersey and California.
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Apr 18, 2024
Economists advising Donald Trump are pushing to keep a cap on the state and local tax deduction, limiting a valuable tax break for many residents of New York, New Jersey and California.
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Apr 18, 2024
Biden's pitch for a fair Tax Code and Werfel's quest for a digitally transformed IRS are among the key issues to pay attention to after the dust has settled on tax season.
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Apr 18, 2024
Some remote partners act as a beachhead in new markets, allowing access to clients far beyond a firm's local geography.
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Apr 18, 2024
The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.
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Apr 17, 2024
The Public Company Accounting Oversight Board plans to host a series of five in-person forums this year, with different members of the board visiting cities including Chicago, Los Angeles, Denver, Miami, and Jersey City.
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Apr 17, 2024
The first class members of the AICPA and NASBA's pilot Experience, Learn & Earn program are completing their inaugural semester.
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Apr 17, 2024
A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service for this year's rogues gallery.
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Apr 17, 2024
Diverse teams and inclusive work environments produce better results.
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Apr 17, 2024
There are just three things clients want to know at tax time, and video summaries can provide the answers.
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Apr 17, 2024
Biden's comments, timed to follow Tax Day, sought to highlight differences between his tax and economic agenda and Trump's.
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Apr 17, 2024
Cum-Ex was a tax-driven trading strategy in which bankers, lawyers and others exploited dividend payout laws across Europe to reap duplicate tax refunds.
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Apr 17, 2024
Food delivery fleets allegedly used false invoices that didn't match the services they provided.
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Apr 17, 2024
Payments poured in at the government's mid-April deadline for income taxes.
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Apr 17, 2024
The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.
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Apr 16, 2024
The Internal Revenue Service is extending tax relief on required minimum distributions from retirement accounts not made in 2024 after providing similar relief in recent years.
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Apr 16, 2024
Internal Revenue Service commissioner Danny Werfel testified at a hearing of the Senate Finance Committee to discuss this past tax season and the proposed budget for carrying out the agency's future plans.
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Apr 16, 2024
Clock ticks on 2020 returns; remembrances; what's ahead for marketing tech; and other highlights from our favorite tax bloggers.
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Apr 16, 2024
A set of frequently asked questions from the IRS says the benefit can be excluded from income.
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Apr 16, 2024
The impact of providing accounts receivable staff with automated AR processes goes far beyond the finance function.
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Apr 16, 2024
The impact of providing accounts receivable staff with automated AR processes goes far beyond the finance function.
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Apr 16, 2024
A recent poll from Rightworks has found that 73% of accountants are not using AI and 35% have no plans to do so in the future.
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Apr 16, 2024
Short-seller Hindenburg had alleged 'major irregularities' and 'manipulated earnings' at the Swiss fintech.
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Apr 16, 2024
PricewaterhouseCoopers said it will investigate an anonymous letter circulating on social media that made "false allegations" about the company and its partners over its role in auditing China Evergrande Group.
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Apr 16, 2024
President Joe Biden and First Lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in adjusted gross income in 2023.
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Apr 16, 2024
Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.
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Apr 16, 2024
A CPA's embezzlement turns out to be no excuse for trust fund recovery penalties.
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Apr 16, 2024
The number of individual income tax returns received rose by more than 17.5% in just one week, as tax season entered its final stretch.
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Apr 16, 2024
Embracing artificial intelligence can help firms transition from traditional to holistic client services based around advisory offerings.
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Apr 16, 2024
Top 25 firm Marcum has released a new AI tool called AskMarcum.ai, which has been in development for 18 months and is already being used by its professionals.
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Apr 15, 2024
The Internal Revenue Service is waiving penalties to companies that fail to pay their estimated taxes for the first quarter for the corporate alternative minimum tax.
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Apr 15, 2024
Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.
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Apr 15, 2024
Generative AI delivers genuine business value to the CFO organization after all the hype has been subtracted.
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Apr 15, 2024
The economy, the national debt, and tax reform are accountants' top concerns this election season, according to a new Arizent survey.
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Apr 15, 2024
The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.
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Apr 15, 2024
Overall, the accounting profession generally leans Republican in its political preferences, but it's much more neck and neck in the presidential race.
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Apr 15, 2024
The Internal Revenue Service reported stronger performance on Monday, April 15, as it concluded this year's tax filing season, saying it had answered 1 million more phone calls from taxpayers and helped 170,000 people in person compared to last year.
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Apr 15, 2024
The annual rush to pay Uncle Sam means the Treasury doesn't need to issue as much short-term debt as in other months to fund the U.S. government.
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Apr 15, 2024
if you do not feel good about tax season, ask yourself what upsets you.
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Apr 15, 2024
if you do not feel good about tax season, ask yourself what upsets you.
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Apr 12, 2024
The Internal Revenue Service is getting ready for an onslaught of tax returns arriving by Tax Day on Monday, though many taxpayers will be eligible for automatic extensions due to natural disasters across the country.
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Apr 12, 2024
CohnReznick launches new digital advisory practice; Kruze Consulting and KPMG separately release CEO reports; and more news from across the profession.
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Apr 12, 2024
Some of our favorite CPAs of the silver and small screen.
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Apr 12, 2024
Use your expertise and knowledge to help guide your clients to create growing and more profitable businesses.
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Apr 12, 2024
Plus, DataSnipper releases new suites for cloud collaboration, data extraction; and other accounting tech updates.
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Apr 12, 2024
The IRS threw a late curveball at tax professionals scrambling to meet the April 15 deadline.
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Apr 12, 2024
The IRS threw a late curveball at tax professionals scrambling to meet the April 15 deadline, and for partnerships and corporations in general.
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Apr 12, 2024
The alleged bookmaker is under criminal investigation by the IRS as well.
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Apr 11, 2024
The Chicago-based firm is expanding in Southern California in the third M&A deal it has announced this month.
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Apr 11, 2024
Disunion; cell phones; only the lonely; and other highlights of recent tax cases.
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Apr 11, 2024
The Institute of Management Accountants is examining the possibilities of artificial intelligence in the accounting profession while undergoing staff cutbacks.
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Apr 11, 2024
The International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants both published new strategic plans for the next few years.
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Apr 11, 2024
From BOI reporting to tax legislation in limbo, even the most 'normal' filing season in a several years still has unresolved questions.
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Apr 11, 2024
A professional title infers a level of authority, responsibilities and legal accountability, so it's important to choose wisely.
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Apr 11, 2024
A professional title infers a level of authority, responsibilities and legal accountability, so it's important to choose wisely.
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Apr 11, 2024
The cutbacks in the Australia region are the latest sign of pressure in an industry that spans accounting, audit and consulting.
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Apr 11, 2024
The annual rush to pay Uncle Sam tends to suck hundreds of billions of dollars from the banking system.
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Apr 10, 2024
An earlier postponement of the reapplication date has been rescinded.
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Apr 10, 2024
A new report shows that, increasingly, the respondents in Public Company Accounting Oversight Board enforcement actions are firms, rather than individuals.
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Apr 10, 2024
The new standard represents one of the biggest changes to IFRS in decades.
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Apr 10, 2024
The firm may pursue its claims through an administrative office at the agency after agreeing with the federal government to dismiss its case.
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Apr 10, 2024
Crete Professionals Alliance added Reid Tax & Advisory Services; and Financial Independence joined Level Four Financial.
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Apr 10, 2024
Failure to maintain an acceptable accounting system may result in the withholding of payments from the government to a contractor.
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Apr 10, 2024
Failure to maintain an acceptable accounting system may result in the withholding of payments from the government to a contractor.
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Apr 10, 2024
Allen Weisselberg admitted to falsely testifying about his role in the valuation of assets the state proved at trial had been inflated for years to get favorable terms on loans.
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Apr 10, 2024
The board imposed its largest-ever penalty of $25 million against KPMG's firm in the Netherlands, in addition to $2 million in fines against Deloitte's firms in Indonesia and the Philippines.
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Apr 10, 2024
The Public Company Accounting Oversight Board imposed its largest ever penalty of $25 million against KPMG's firm in the Netherlands, in addition to $2 million in fines against Deloitte's firms in Indonesia and the Philippines.
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Apr 10, 2024
Plus, Google is making massive changes to Chrome, AI-powered tax chatbots aren't performing well, and seven other things that happened in technology this past month.
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Apr 09, 2024
The tax prep giant settled a proposed class-action suit that said it schemed to prevent employees from moving between corporate and franchisers.
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Apr 09, 2024
Registrations are open for the 2024 Accounting MOVE Project, with a focus on private equity's impact on accounting career paths.
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Apr 09, 2024
The Internal Revenue Service and the Treasury Department issued proposed rules for the stock buyback tax for large corporations.
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Apr 09, 2024
The Public Company Accounting Oversight Board voted to propose an extensive set of new reporting requirements to impose on auditing firms.
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Apr 09, 2024
The Public Company Accounting Oversight Board voted to propose an extensive set of new reporting requirements to impose on auditing firms.
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Apr 09, 2024
The Internal Revenue Service's free tax program will now import a taxpayer's adjusted gross income from the previous year, as a new report finds the program could cost the IRS considerably more than the estimated $249 million per year to maintain.
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Apr 09, 2024
Chief obstacles; tax illiteracy; what makes a great preparer; and other highlights from our favorite tax bloggers.
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Apr 09, 2024
The Internal Revenue Service urged tax professionals to steer clear of so-called "spearphishing" scams from cybercriminals, including identity thieves posing as new clients.
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Apr 09, 2024
A recent poll of U.S. and U.K. accountants has found that 59% say they use AI at work, and through AI have saved about 30 hours a week.
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Apr 09, 2024
At 90,315,000, the number of individual returns received this tax season finally surpassed the same period last year, up 0.2% as of March 29, 2024.
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Apr 09, 2024
Here's why it's helpful to keep a big multifunction printer with lots of extra printing capacity and even fax capability.
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Apr 08, 2024
The Internal Revenue Service clarified the treatment of money paid for energy-efficient property and improvements in Announcement 2024-19.
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Apr 08, 2024
More than 70 of the Internal Revenue Service's assistance centers will be open for walk-ins from 9 a.m. to 4 p.m.
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Apr 08, 2024
The Securities and Exchange Commission has temporarily stayed its climate-related disclosure rule amid a rash of lawsuits.
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Apr 08, 2024
The Internal Revenue Service is making some changes in the way it sends tax transcripts for clients to tax professionals to beef up security.
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Apr 08, 2024
The Treasury Department reported increasing usage of the Internal Revenue Service's free Direct File tax-filing system that they've been pilot testing in a dozen states this tax season.
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Apr 08, 2024
The PCAOB found multiple deficiencies in every audit it reviewed from BF Borgers over the past two annual checks.
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Apr 08, 2024
The PCAOB found multiple deficiencies in every audit it reviewed from BF Borgers over the past two annual checks.
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Apr 08, 2024
Here are some tips for showing your appreciation to your staff in the closing days of tax season.
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Apr 08, 2024
Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values.
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