Featured News

  • IRS revamps tax calculator

    August 20, 2019

    The IRS relaunched its estimated tax calculator after hearing comments and concerns of both tax practitioners and taxpayers. The new version makes it easier for taxpayers to review their withholding.

  • Protection for advisors reporting senior financial abuse

    August 19, 2019

    Advisors worried about violating privacy laws when they report suspected financial abuse of the elderly are now protected in more than 20 states, and more legislation is pending.

  • FASB may delay three key effective dates

    August 18, 2019

    In a move that deviates from the Financial Accounting Standards Board's (FASB) philosophy around effective dates, the FASB is proposing delaying three key effective dates.

  • Accounting, finance and digital transformation

    August 17, 2019

    Digital transformation is a top strategic priority for many firms. But success has been fleeting, and a new McKinsey report finds it’s partly due to bad financial data.

  • ASU to improve guidance on distinguishing liabilities from equity

    August 16, 2019

    FASB is seeking comments on a proposed ASU that would improve guidance for certain financial instruments with characteristics of liabilities and equity.

  • National coalition to protect professional licensing

    August 15, 2019

    A coalition representing various advanced professions has been created to educate policymakers and the public about the importance of rigorous professional licensing standards.

  • Proposed regulations answer opportunity zone questions

    August 14, 2019

    Opportunity zone regulations proposed by the IRS in April provide much-needed clarity by answering questions raised by regulations proposed in October.

  • Giving constructive criticism

    August 13, 2019

    When a colleague’s work isn’t up to par and you’re tasked with telling them, you may feel anxious. Done well, however, constructive criticism can work for both you and your co-worker.

  • Late bonus depreciation elections

    August 12, 2019

    IR says bonus depreciation treatment affected as a result of the Tax Cuts and Jobs Act may be changed by taxpayers.

  • Study of AI expense audits

    August 11, 2019

    A new study reports that companies using artificial intelligence (AI) audit virtually all their spending while enterprises that don’t use AI only audit up to 10 percent and miss things that could save money.