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Apr 25, 2019
Aggravating factors; a big dig; steal of the Century; and other highlights of recent tax cases.
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Apr 25, 2019
What makes these ultra-high performers different from the rest of the profession?
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Apr 25, 2019
The Top 10 Firm's new innovation center invites clients to explore business solutions with interactive 'immersion experiences.'
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Apr 25, 2019
Are you using a flawed approach to market your accounting firm?
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Apr 25, 2019
The Institute of Management Accountants has issued a new report with best practices for developing an effective costing model.
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Apr 25, 2019
The Financial Accounting Standards Board released an accounting standards update Thursday to clarify three of its recent standards for credit losses, hedging, and recognition and measurement of financial instruments.
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Apr 25, 2019
The latest effort to overhaul the post-financial crisis rule would replace the proposed "accounting prong" for determining which kinds of trades are prohibited.
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Apr 25, 2019
A second court rejected claims the search-engine giant abused loopholes to avoid paying its fair share.
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Apr 25, 2019
The Democratic presidential candidate and New Jersey senator released 10 years of tax returns, showing he faced a new cap on deductions of state and local taxes.
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Apr 25, 2019
More business travelers are using scooters to get around town, and the rentable scooter trend is starting to show up in corporate expense reports.
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Apr 25, 2019
A rebound in the stock market in the first quarter of 2019 enabled the index to rebound to an all-new high.
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Apr 24, 2019
Nearly three-quarters (74 percent) of corporate tax professionals are dedicating extra time and technology resources, including artificial intelligence and bots, to help their companies comply with the Tax Cuts and Jobs Act, according to a new survey by Ernst & Young.
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Apr 24, 2019
The training and consulting company will close Enterprise Worldwide.
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Apr 24, 2019
When partners retire, maintaining client relationships and providing clear expectations are important building blocks for a firm's sustained success.
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Apr 24, 2019
An ideologically divided U.S. Supreme Court gave businesses more power to channel disputes into individual arbitration proceedings, siding with a lighting retailer trying to prevent its employees from pressing group claims stemming from a phishing attack.
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Apr 24, 2019
Fortune magazine ranked the top 25 companies to work for in consulting and professional services, featuring a number of prominent accounting firms.
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Apr 24, 2019
Sometimes even simple automation means a big change in how an accountant spends their time, and any change is scary.
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Apr 24, 2019
Artificial intelligence is poised to transform the finance industry with advancements that eliminate tedious tasks and free up time for financial staff to prioritize higher impact responsibilitie
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Apr 23, 2019
Another one in the books; bias in the TCJA; talking basis; and other highlights from our favorite tax bloggers.
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Apr 23, 2019
The tax preparation pioneer was 96.
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Apr 23, 2019
President Donald Trump showed no sign of softening his resistance to releasing his tax returns, with a spokesman saying he's still "not inclined" to hand over the paperwork despite a Tuesday deadline set by Congress.
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Apr 23, 2019
The proposed regulations could unlock greater investment in low-income communities and give businesses a chance to reap tremendous profits.
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Apr 23, 2019
With a finite amount of time and resources, you want to be sure you are investing in your best clients.
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Apr 23, 2019
The Internal Revenue Service is making progress on improving the taxpayer authentication processes for its online applications, but more needs to be done.
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Apr 23, 2019
The Senate looks to ease the burden on taxpayers who travel to work in multiple states.
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Apr 23, 2019
Goldman became the first bank to publish its report in line with Sustainability Accounting Standards Board metrics.
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Apr 23, 2019
According to a new report from LaSalle Network, graduating college students are starting to value balance and professional development over compensation.
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Apr 22, 2019
With cybercrime on the constant rise, accounting firms should take protecting staff data as seriously as protecting customer data.
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Apr 22, 2019
The American Institute of CPAs has introduced a U.S. International Tax Certificate Program that aims to give accounting and finance professionals added skills to navigate the vagaries of international tax compliance and planning.
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Apr 22, 2019
The former Bank of America vice chairman has agreed to stay on through the rest of 2019 as the board of trustees searches for new leaders at FASB and GASB.
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Apr 22, 2019
The former Bank of America vice chairman has agreed to stay on through the rest of 2019 as the board of trustees searches for new leaders at FASB and GASB.
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Apr 22, 2019
A TIGTA report examines the impact of the Tax Cuts and Jobs Act on the service, and how it was implemented.
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Apr 22, 2019
The Internal Revenue Service plans to add a question to Schedule 1 of the Form 1040 asking taxpayers who claim a deduction for paying alimony to provide the date of their divorce or separation agreement.
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Apr 22, 2019
CPA firms are becoming more niche driven and expanding into greater advisory roles.
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Apr 22, 2019
The Democratic presidential candidate is seeking to show young voters she would ease one of their biggest economic burdens.
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Apr 22, 2019
If Democrats in Congress succeed in their quest to get Donald Trump to cough up his tax returns, they'll have another Republican president to thank: Warren G. Harding.
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Apr 22, 2019
The president and the Trump Organization have asked a U.S. judge to reject a Congressional subpoena seeking business records from his longtime accounting firm Mazars USA LLP.
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Apr 19, 2019
AICPA chief auditor Bob Dohrer dives deep into the new requirement for reporting critical audit matters in the auditor's report, including recent guidance.
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Apr 19, 2019
AdvisorSmith ranks the metropolitan areas that offer the most opportunity for accounting pros.
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Apr 19, 2019
The web-based tool employs machine learning technology to estimate an incremental borrowing rate curve for the leasing standard.
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Apr 19, 2019
The Financial Accounting Foundation's board of trustees has appointed Susan M. Cosper, technical director of the Financial Accounting Standards Board, as a member of the FASB board.
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Apr 19, 2019
Innovation within your accounting firm need not be overwhelming or scary at all. In fact, it can be a lot of fun and lead to greater revenues.
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Apr 19, 2019
A federal appeals court reversed a district court's judgment, holding that taxpayers could not rely on the common law mailbox rule to show that an amended return had been timely filed in order to claim a tax refund.
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Apr 19, 2019
Citrin Cooperman hires two principals; Hantzmon Wiebel hosts drive for local animal shelter; and more CPA news.
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Apr 18, 2019
Two decades and tens of millions; bank error; dirty deal; and other highlights of recent tax cases.
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Apr 18, 2019
The Tax Cuts and Jobs Act is an opportunity for tax automation companies to provide ways to simplify taxes for companies struggling to keep up.
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Apr 18, 2019
If though it's a low-risk profession, accounting employees can still experience injuries or illnesses caused by preventable hazards.
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Apr 18, 2019
The United Kingdom's Competition and Markets Authority long-awaited report calls for separation of audit from consulting services, mandatory "joint audits," and the introduction of statutory regulatory powers to increase accountability of audit committees.
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Apr 18, 2019
The Internal Revenue Service hopes to improve taxpayer service and cybersecurity by updating its IT infrastructure.
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Apr 18, 2019
South Korean auditors are refusing to sign off on more and more corporate financial statements due to tighter regulations, giving investors earlier warning signs of trouble ahead.
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Apr 18, 2019
There's plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work.
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Apr 18, 2019
If Democrats now in charge of the House Ways and Means Committee ever get their hands on President Donald Trump's tax returns, they could thank their Republican predecessors for providing cover to make the documents public.
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Apr 17, 2019
If you want to use mergers and acquisitions to grow your accounting practice, here are some perspectives to consider.
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Apr 17, 2019
The justices questioned a state's ability to tax income from a trust based on the beneficiaries residing there before taking any distributions.
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Apr 17, 2019
The proposed regulations offer further details about a provision of the Tax Cuts and Jobs Act aimed at spurring real estate investment in needy communities.
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Apr 17, 2019
The size of clients' tax refunds was up 1.4 percent this tax season, while their overall tax liability was down 24.9 percent.
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Apr 17, 2019
Companies report fluctuations in revenue and expenses over time in a way that makes the earnings growth look steady across quarters.
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Apr 17, 2019
The total value of securities class action settlements involving accounting allegations reached the second-highest level in the past 10 years, according to a new report.
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Apr 17, 2019
There were fewer total settlements in 2018, but the dollar figures involved increased more than fivefold.
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Apr 17, 2019
EY has announced a significant investment into its Blockchain Analyzer product, as well as, separately, the release of its zero-knowledge proof (ZKP) private transaction protocol into the public domain.
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Apr 17, 2019
The Vault Accounting 50 ranks the top workplaces in North America based on prestige, firm culture, and other factors.
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Apr 17, 2019
The annual Vault Accounting 50 ranks the best accounting firms to work for in North America based on prestige, firm culture, and other factors.
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Apr 17, 2019
The senator really hates it when corporations that report billions of dollars in profit pay little or no tax to Uncle Sam.
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Apr 17, 2019
An adviser to union pension funds is calling on General Electric to change audit firms after investor confidence in the one-time blue-chip company has been rattled.
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Apr 16, 2019
Another one in the books; bias in the TCJA; talking basis; and other highlights from our favorite tax bloggers.
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Apr 16, 2019
The second iteration of the Token Taxonomy Act, released on April 9 and hereinafter referred colloquially as "2.0," is Congress' latest product aimed at recognizing and defining a new asset class derived from blockchain technology.
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Apr 16, 2019
Extend tax season for half a day to debrief. You will be so glad you did.
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Apr 16, 2019
One of the easiest ways to create a strong brand image is often treated as an afterthought or it's overlooked entirely.
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Apr 16, 2019
One of the easiest ways to create a strong brand image is often treated as an afterthought or it's overlooked entirely.
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Apr 16, 2019
Many small and midsized firms don't reach their full potential. Here's why.
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Apr 16, 2019
Out of the Box Technology and EBS Associates, two accounting firms-cum-QuickBooks solutions providers, have merged.
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Apr 16, 2019
The Top 100 Firm is buying a provider of data analytics and data warehousing technology in Orem, Utah, effective May 1.
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Apr 16, 2019
Global economic confidence rebounded in Q1, according to a quarterly survey by the ACCA and the IMA.
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Apr 16, 2019
Denmark has reported the local operations of Ernst & Young and KPMG to the police amid a widening crackdown on money laundering in the country.
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Apr 16, 2019
Some of the largest U.S. technology companies pushed for a corporate tax overhaul in 2017 by suggesting they would go on hiring sprees and boost the economy. Just over a year after getting what they wanted, data show these firms gave most of their huge tax savings to investors.
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Apr 16, 2019
The president promoted the tax overhaul on Tax Day, even as the law has swelled the deficit and failed to gain traction with voters in last year's midterm elections.
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Apr 16, 2019
The Democratic presidential candidate made a mistake on deducting medical expenses in 2013 and 2014.
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Apr 16, 2019
The Vermont senator and his wife earned more than $1 million in total income in 2016 and 2017.
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Apr 15, 2019
One thing that all business trips have in common is turning in receipts for travel and expenses, but what should or shouldn't employees be expensing?
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Apr 15, 2019
One thing that all business trips have in common is turning in receipts for travel and expenses, but what should or shouldn't employees be expensing?
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Apr 15, 2019
Just about everyone who has studied tax law is familiar with the landmark Supreme Court decision in Eisner v. Macomber, argued 100 years ago.
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Apr 15, 2019
Argued a century ago, Eisner v. Macomber helped establish the treatment of dividends.
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Apr 15, 2019
Nearly three-quarters of Big Four consulting projects wind up costing more than U.S. companies anticipated, according to a new survey.
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Apr 15, 2019
I've heard from many colleagues that tax season was not good. Here are some things that could have prevented or mitigated the problems.
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Apr 15, 2019
This tax day, tax evasion has topped $400 billion dollars.
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Apr 15, 2019
The European Union has taken a closer look at how the search giant uses operations in Ireland to help reduce its corporate tax obligations.
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Apr 15, 2019
Citing an "unambiguous legal obligation," House Ways and Means Committee Chairman Richard Neal set the IRS a deadline of April 23 to hand over President Donald Trump's tax returns before potentially resorting to other legal options.
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Apr 15, 2019
Data from advertising company Exponential found that walk-in tax preparation is more popular with older generations, while young people are more likely to file their taxes online or with tax prep software.
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Apr 15, 2019
The California lawmaker, one of 18 declared candidates for the 2020 Democratic presidential nomination, released 15 years' worth of returns.
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Apr 15, 2019
House Oversight and Reform Committee Chairman Elijah Cummings said he'll subpoena documents on Monday from an accounting firm tied to President Donald Trump.
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Apr 15, 2019
The Minnesota senator who is seeking the 2020 presidential nomination has already released 12 years of returns dating back to 2006.
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Apr 15, 2019
Republicans passed a sweeping tax cut for two-thirds of Americans in 2017, saying it would pay for itself and the American public would thank them.
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Apr 12, 2019
Nearly half of Americans fail to check whether their tax preparer includes their PTIN and signs their return, putting them at risk of being scammed, according to a new survey.
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Apr 12, 2019
Low-income and minority taxpayers were more likely to use extra-fee tax preparation offerings like refund advances and refund transfers, according to a new report Friday from the Government Accountability Office, and tax preparers often didn't present them with information about the fees ahead of time.
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Apr 12, 2019
Low-income and minority taxpayers were more likely to use expensive tax preparation offerings like refund advances and refund transfers, according to a new report Friday from the Government Accountability Office, and tax preparers often didn't present them with information about the fees ahead of time.
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Apr 12, 2019
KPMG unveils Ignition Center in Chicago; Withum opens learning lab at the University of Central Florida; and more CPA news.
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Apr 12, 2019
EisnerAmper and Dixon Hughes Goodman add principals; HHM CPAs hires four in Chattanooga office; and other recent hires, promotions and personnel news from firms across the country.
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Apr 12, 2019
The financial institution expects to increase reserves by about $5 billion for implementation of the current expected credit loss standard.
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Apr 12, 2019
Some 50 million taxpayers have not yet filed their tax returns.
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Apr 12, 2019
The Democratic socialist who promotes policies to raise taxes on millionaires and billionaires plans to make public his federal tax returns by April 15.
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