NEWS: ACCOUNTING TODAY
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   NEWS: ACCOUNTING TODAY
Accounting Today
Sep 20, 2019

IRS faced challenges in developing TCJA international tax guidance
The Internal Revenue Service had a difficult time coming out with guidance, forms and instructions for provisions of the Tax Cuts and Jobs Act like GILTI.

Accounting Today
Sep 20, 2019

AICPA's new forensic standard expected to boost CPA credibility on the witness stand
The new standard promises to give accountants a leg up in providing litigant support services.

Accounting Today
Sep 20, 2019

AICPA's new forensic standard expected to boost CPA credibility on witness stand
The new standard promises to give accountants a leg up in providing litigation support services.

Accounting Today
Sep 20, 2019

Is it really that difficult to rightsize your partners and managers?
The simple answer is no!

Accounting Today
Sep 20, 2019

Technophobia eases as more people use tech and build it
Democratizing tech can reduce fear and enhance jobs in tax and accounting.

Accounting Today
Sep 20, 2019

Firms giving back: NJCPA launches 10th annual food drive
The Virginia Society of CPAs also marked Virginia CPA Week across the state.

Accounting Today
Sep 20, 2019

Deloitte Foundation, AAA present innovative teaching and research awards
The Deloitte Foundation and the American Accounting Association presented various awards to accounting academics at the AAA Annual Meeting in San Francisco.

Accounting Today
Sep 20, 2019

Firms on the move: Dean Dorton establishes women's committee
Windham Brannon adds business valuation services division; Marks Paneth creates technology and digital services group; and more CPA news.

Accounting Today
Sep 20, 2019

People on the move: Freed Maxick appoints first COO
BKD promotes 88 professionals; Drucker & Scaccetti hires talent development director and promotes three; and more personnel news.

Accounting Today
Sep 20, 2019

Product news: Accelerator Websites for Accountants now offers websites in Spanish
Plus new products from Chargify, Avii, and a new chief product officer at MineralTree.

Accounting Today
Sep 19, 2019

Tax Fraud Blotter: Tooth and justice
Guns galore; game of Chicken; an ID you can't refuse; and other highlights of recent tax cases.

Accounting Today
Sep 19, 2019

IRS small biz unit pivots to cryptocurrency enforcement
Newly appointed officials in the SB/SE Division plan to make changes in the IRS's strategy for dealing with collections and enforcement.

Accounting Today
Sep 19, 2019

IRS small business unit pivots to cryptocurrency enforcement
Newly appointed officials in the SB/SE division plan to make changes in the IRS's strategy for dealing with collections and enforcement.

Accounting Today
Sep 19, 2019

IRS overlooked billions in unpaid employment taxes
Resource limitations and a drop in staff at the service allowed businesses to get away with billions of dollars in unpaid taxes.

Accounting Today
Sep 19, 2019

IRS overlooked billions of dollars in unpaid employment taxes
Businesses who failed to file employment tax returns got away with billions of dollars in unpaid taxes.

Accounting Today
Sep 19, 2019

Dean Dorton launches Women's Initiative Committee
The Lexington, Kentucky firm seeks to "promote a firm culture that provides women with support, mentorship and training in order to fully develop their potential as leaders."

Accounting Today
Sep 19, 2019

Protecting your firm: Addressing restrictive covenants in a partnership agreement
Restrictive covenants are the prenuptial agreements of the accounting world.

Accounting Today
Sep 18, 2019

How to win your fantasy football league in 2019? Use valuation methodologies
Are you ready for some valuation? Ahem...football?!?!

Accounting Today
Sep 18, 2019

FASB's CECL extension: What should you do now?
To ensure entities have reliable and proper historical data accumulated when they implement CECL, they should start start cleaning up their data.

Accounting Today
Sep 18, 2019

Study questions value of audit partner disclosure
A rule requiring audit firms to disclose the names of engagement partners who participated in an audit may not be having much of an impact on audit quality.

Accounting Today
Sep 18, 2019

Study questions value of audit partner disclosure requirement
A rule requiring audit firms to disclose the names of engagement partners who participated in an audit may not be having much of an impact on audit quality.

Accounting Today
Sep 18, 2019

NetSuite moves onto Oracle Cloud Infrastructure
The goal is to expand and improve service delivery from NetSuite globally.

Accounting Today
Sep 18, 2019

Early CAMs disclosures on audit reports show signs of boilerplate text
The initial batch of audit reports for large accelerated filers describing critical audit matters was recently released, and they don't necessarily provide a whole lot of illuminating information.

Accounting Today
Sep 18, 2019

Early CAMs disclosures show signs of boilerplate text
The initial batch of audit reports for large accelerated filers describing critical audit matters don't necessarily provide a whole lot of illuminating information.

Accounting Today
Sep 18, 2019

What CPAs should understand about premium financing
Premium financing can be a powerful tool, but it must be thoughtfully designed, well underwritten and thoroughly understood.

Accounting Today
Sep 18, 2019

Sikich forms intelligent automation services team
The firm will provide affordable automation solutions to midmarket clients to automate processes across all platforms.

Accounting Today
Sep 17, 2019

In the blogs: The rate stuff
Rusty WordPress; first impressions; return to many senders; and other highlights from our favorite tax bloggers.

Accounting Today
Sep 17, 2019

A 50-year celebration for tax tactician Sidney Kess
The UJA-Federation of New York will cite the tax expert for his 50 years of dedication to its Estate Tax & Financial Planning Conference, expressing its appreciation for the knowledge, energy, and commitment he has invested each year

Accounting Today
Sep 17, 2019

Hard to decode: Preparers discuss the TCJA's biggest challenges
Counting all the ways that tax reform challenges practitioners.

Accounting Today
Sep 17, 2019

Accounting for the hours: Navigating the complexities of overtime
All but the smallest firms have to follow the same rules as giant corporations.

Accounting Today
Sep 17, 2019

SCOTUS weighs hearing interstate double-taxation case
At issue is how far states can go in taxing those who cross borders.

Accounting Today
Sep 17, 2019

BDO USA sees 11.8% revenue increase to $1.64B
BDO USA LLP reported a record level of revenue in the fiscal year ending June 30, 2019, as the firm re-elected Wayne Berson to his third term as CEO.

Accounting Today
Sep 17, 2019

BDO USA sees 11.8% revenue increase, sets sights on 'Big Five'
BDO USA LLP reported a record level of revenue in the fiscal year ending June 30, 2019, as the firm re-elected Wayne Berson to his third term as CEO.

Accounting Today
Sep 17, 2019

6 ways accounting firms can innovate successfully
As part of a year-long focus on trends and tactics that support the independent public accounting "firm of the future," BKR International recently asked firm members about their approach to innovation.

Accounting Today
Sep 17, 2019

Project management, all grown up
This new equally internal and external project manager has a broader background and skill set, moving toward a more proactive leadership style when guiding team members. In other words, the role has matured.

Accounting Today
Sep 16, 2019

Reaching next gen clients
Just as the rising generations of accountants have very different characteristics from the baby boomer generation, so does the rising generation of clients, according to Sarah Dobek of Inovautus Consulting.

Accounting Today
Sep 16, 2019

IMA begins new campaign to promote the CMA
The Institute of Management Accountants is also encouraging accountants to develop a wider range of skills.

Accounting Today
Sep 16, 2019

Companies still behind schedule on lease accounting standards
Only 26.3 percent of public company execs say their implementation of the lease accounting standard is complete, according to a new survey by Deloitte.

Accounting Today
Sep 16, 2019

IRS offers to settle with insurance tax scammers
Up to 200 taxpayers who have been under audit for participating in micro-captive insurance tax schemes are receiving letters from the Internal Revenue Service.

Accounting Today
Sep 16, 2019

Art of Accounting: On the basis of sex
I just watched for the second time the movie "On the Basis of Sex" about Justice Ruth Bader Ginsburg and found some things in it that I would like to share here.

Accounting Today
Sep 16, 2019

IRS expands CAP application field for 2020
More corporations can now apply for the Compliance Assurance Process program.

Accounting Today
Sep 13, 2019

Paychex debuts Paychex Solo, document management, and more
Payroll is an area in which tech companies are continuing to innovate as accountants are increasingly interested in offering value-added services such as these to their clients.

Accounting Today
Sep 13, 2019

Armanino searches for 'the perfect taco' in new video
The video features an in-depth look at the top 25 firm's workplace culture.

Accounting Today
Sep 13, 2019

CECL delay gives small banks more time to get ready
Small banks are likely to benefit from the proposed delay, allowing them to learn the lessons from larger banks that have already begun using the new rules.

Accounting Today
Sep 13, 2019

NSA names new leadership
The association added a new president and two vice presidents to its executive committee.

Accounting Today
Sep 13, 2019

IRS finalizes rules for 100% depreciation deduction
The tax break allows businesses to write off most depreciable business assets during the year they are placed in service.

Accounting Today
Sep 13, 2019

How to determine if your client is on the hook for communications tax
What many businesses don't realize is that communications tax applies to much more than just the wireless and cable industries.

Accounting Today
Sep 13, 2019

Is your client on the hook for communications tax?
What many businesses don't realize is that communications tax applies to much more than just the wireless and cable industries.

Accounting Today
Sep 13, 2019

Firms giving back: RSM US launches second annual Birdies Fore Love program
The ACCA also holds its inaugural Connections Day for its members throughout the world.

Accounting Today
Sep 13, 2019

Firms on the move: MACPA graduates 20 from Leadership Academy
RSM kicks off second annual Birdies for Love program for PGA Tour; RKL launches new services offering RKL Next; and more CPA news.

Accounting Today
Sep 13, 2019

People on the move: GT names strategic solutions managing director
Baker Tilly expands real estate valuation and advisory services practice; Anglin Reichmann Armstrong promotes five; and more personnel news.

Accounting Today
Sep 12, 2019

Tax Fraud Blotter: Coast to Coast is toast
Coming up roses; gettin' out of Dodge; extra-judicial income; and other highlights of recent tax cases.

Accounting Today
Sep 12, 2019

Better client meetings: Owning the process
The second in a series of articles dedicated to running better client meetings.

Accounting Today
Sep 12, 2019

ADP creates product partnerships with BizEquity, CountingWorks and CCH
In addition, ADP Marketplace is now available through Accountant Connect.

Accounting Today
Sep 12, 2019

FASB revises proposed standard for balance sheet debt classifications
The board is amending its guidance for determining whether debt should be classified as a current or noncurrent liability in a classified balance sheet, in response to input from private companies.

Accounting Today
Sep 12, 2019

AICPA names 2019-2020 Legacy Scholarship recipients
The American Institute of CPAs announced the 129 students who will be splitting a total of $666,000 in academic scholarships.

Accounting Today
Sep 12, 2019

MGO acquires Schwartz & Co.
Macias Gini & O'Connell, based in Los Angeles, is expanding its presence in New York.

Accounting Today
Sep 12, 2019

MGO acquires Schwartz & Company
Macias Gini & O'Connell, based in Los Angeles, is expanding its presence in New York.

Accounting Today
Sep 11, 2019

Audit committees making more disclosures
Public companies and their audit committees are revealing far more about their auditing firms, audit fees and audit partners this year, according to a new report from Ernst & Young.

Accounting Today
Sep 11, 2019

Unclaimed property rules can apply to lost cryptocurrency
The deadline is approaching soon for many businesses to file their reports on unclaimed property, and now they might want to include lost bitcoins and forgotten cryptocurrency passwords.

Accounting Today
Sep 11, 2019

K2 Enterprises names Quality Award winners, Right Networks recognized for excellence
K2 Enterprises' annual Quality Awards are given to accounting technology products that display innovation, and over the past two decades of the Awards' existence, that feat has become more difficult and exciting to achieve.

Accounting Today
Sep 11, 2019

K2 Enterprises recognizes top tech products
K2 Enterprises' annual Quality Awards are given to accounting technology products that display innovation.

Accounting Today
Sep 11, 2019

Problem solvers: How to offer tax resolution services
Practitioners share how -- and why -- they help clients handle issues with tax authorities.

Accounting Today
Sep 11, 2019

Marcum sanctioned by PCAOB for promoting audit clients as investment opportunities
Marcum and Marcum Bernstein & Pinchuk plugged some of their clients at investor conferences in violation of auditor independence requirements.

Accounting Today
Sep 11, 2019

Digital transformation: How technology can improve company oversight and efficiency
Traditional oversight measures often lack the capability to supervise large quantities of assets.

Accounting Today
Sep 11, 2019

Meet the 2019 Best Small Firms to Work For
An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

Accounting Today
Sep 11, 2019

AI for everyone, including accountants
Every accountant can now benefit from AI in their practice — even those who don't know the first thing about software engineering, data science or Python code.

Accounting Today
Sep 10, 2019

In the blogs: Unreasonable positions
Preparer penalties; busted Congress; new NTA on passport certification; and other highlights from our favorite tax bloggers.

Accounting Today
Sep 10, 2019

IRS lacks strategy for dealing with tax compliance after M&A deals
The Internal Revenue Service needs to have a better strategy for determining the tax compliance or noncompliance of corporations that do mergers and acquisitions, according to a new report.

Accounting Today
Sep 10, 2019

Better Every Day: It's all about the data
Is your firm paying attention to all the opportunities created by the client data you collect?

Accounting Today
Sep 10, 2019

International tax reform in the TCJA brings new complications
Tax laws tend to be boring, so sometimes it is easier to understand something if you know the reasoning behind it.

Accounting Today
Sep 10, 2019

Dry runs for CAMs show they'll bring extra work
Pilot tests at public companies suggest the new reporting requirements may take more time than expected.

Accounting Today
Sep 10, 2019

Deloitte sees global revenue grow to $46.2B
The firm reported its 10th consecutive year of worldwide growth, with revenue increasing $3 billion over the previous fiscal year.

Accounting Today
Sep 10, 2019

Workiva updates Wdata platform, partners with FloQast
Workiva has updated its Wdata platform to include automatic updates, approval workflows and improved connectivity.

Accounting Today
Sep 10, 2019

MACPA announces 2019 Leadership Academy graduates
The Maryland Association of CPAs hosted 20 up-and-coming professionals across the state as part of its annual program.

Accounting Today
Sep 10, 2019

Meet the 2019 Best Midsized Firms to Work For
An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

Accounting Today
Sep 09, 2019

Vertex creates boot camp validation program for tax connectors
As online sales transactions increase in volume year after year, companies that provide tax automation are seeing a major increase in the need for their services.

Accounting Today
Sep 09, 2019

AICPA issues auditor practice aid on CECL standard
The document can help auditors with the allowance for credit losses under the new standard for measuring credit losses on financial statements.

Accounting Today
Sep 09, 2019

IRS enforcement efforts target cryptocurrency transactions
The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.

Accounting Today
Sep 09, 2019

IRS enforcement efforts target taxes on cryptocurrency transactions
The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.

Accounting Today
Sep 09, 2019

Moore Stephens and Andersen Tax rebrand
Two firm networks are shortening their names, adopting the brands Moore North America and Andersen.

Accounting Today
Sep 09, 2019

Blucora unites HD Vest with 1st Global, calling them Avantax Wealth Management
The company is bringing together its tax-focused wealth management divisions.

Accounting Today
Sep 09, 2019

Art of Accounting: Rip Van Winkle effect for small CPA firms
Things change and change can be upsetting and unsettling.

Accounting Today
Sep 09, 2019

'People are the backbone of the profession'
Finding and keeping the right kind of people, innovation and technology are among the top issues the accounting profession needs to grapple with, according to Marcum LLP's Jeff Weiner.

Accounting Today
Sep 09, 2019

Communicating clearly about communication
From the Big Four firms, to small family-owned firms, all the way to completely virtual firms, communication is the backbone of a productive work and service environment.

Accounting Today
Sep 09, 2019

AICPA Foundation awards inaugural William (Bill) Ezzell Scholarships
The American Institute of CPAs Foundation recognized five CPAs pursuing their accounting doctorates with one-time, $10,000 scholarships.

Accounting Today
Sep 06, 2019

IRS offers tax relief to expats who renounced U.S. citizenship
Some expatriates who have relinquished their U.S. citizenship will have the chance to comply with their U.S. tax and filing obligations and in turn qualify for relief from back taxes, penalties and interest.

Accounting Today
Sep 06, 2019

IRS proposes regulations allowing tax-exempt groups to keep donor identities secret
Tax-exempt organizations, including many political groups, will be able to avoid disclosing the names of their contributors, despite a recent court decision.

Accounting Today
Sep 06, 2019

RSM merges in Gregory, Sharer & Stuart
RSM merges in Gregory, Sharer & Stuart in Florida

Accounting Today
Sep 06, 2019

Vic.ai, AI platform for accountants, gets $11.2M Series A funding
‘We see a future where continuous accounting becomes a substantial competitive advantage supported by an AI ‘CFO' that provides the leadership team with real financial foresight,' CEO says.

Accounting Today
Sep 06, 2019

Firms giving back: CohnReznick raises $150K at annual golf invitational
EY hosts a graduation ceremony for Girls Who Code, and other charitable initiatives from firms across the country.

Accounting Today
Sep 06, 2019

People & firms on the move: EY appoints Americas forensic & integrity services leader
Marcum promotes 16 to partner; KSCPA announces Women to Watch Award nominees; and more CPA news.

Accounting Today
Sep 06, 2019

Inside CAS: Promise and pitfalls
The second half of a virtual roundtable on one of the fastest-growing services in accounting.

Accounting Today
Sep 06, 2019

Boomer's Blueprint: 5 ways to improve 3 firm processes
Accounting firms need to continually think about how they do the things they do.

Accounting Today
Sep 06, 2019

Case studies: Payroll in 2019
Two firms share their experiences with different payroll providers.

Accounting Today
Sep 05, 2019

Tax Fraud Blotter: Fun in the sun
Fast, Quick and jailed; Complete fraud; eight figures off the books; and other highlights of recent tax cases.

Accounting Today
Sep 05, 2019

Top executives don't recognize value of payroll
The majority of payroll professionals don't think C-suite leadership recognizes the strategic value the payroll function can deliver to an organization, according to a new survey.

Accounting Today
Sep 05, 2019

CPA business execs hold gloomier view of economy
Trade wars and fears of a global economic slowdown are shaking optimism.

Accounting Today
Sep 05, 2019

FASAB proposes clarification on loss allowance for intragovernmental receivables
The Federal Accounting Standards Advisory Board staff released an exposure draft of a technical bulletin that would clarify the existing standards for loss allowances.

Accounting Today
Sep 05, 2019

IRS may be overlooking billions of dollars worth of false claims for carryforwards
The Internal Revenue Service isn't doing enough to address billions of dollars worth of potentially erroneous carryforward tax credits and deductions claimed by businesses, according to a new report.

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