February 18, 2016

Are Millennials Afraid to File Their Taxes?

Millennials are more fearful of filing taxes than most Americans, according to a new survey.

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Posted by Michael Cohn at 04:22PM | Comments (1)

February 17, 2016

Audit Committees Should Watch for Third-Party Risks

Audit committees need to have oversight of risks to their organizations from third parties such as suppliers, distributors, sales people and service providers, according to a new report.

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Posted by Michael Cohn at 04:41PM | Comments (1)

February 16, 2016

Companies Getting Ready for FASB’s Leasing Standard

The Financial Accounting Standards Board is expected to release its long-awaited lease accounting standard this quarter, and companies are bracing for the impact on their balance sheets.

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Posted by Michael Cohn at 05:21PM | Comments (0)

February 11, 2016

Treasury Pushes Back Against European Tax Probes of U.S. Companies

Treasury Secretary Jacob Lew has reportedly fired off a letter to officials in the European Union complaining about recent tax investigations of U.S.-based multinationals like Apple, McDonald’s, Amazon and Starbucks.

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Posted by Michael Cohn at 04:05PM | Comments (5)

February 10, 2016

Taxaroo Aims to be Uber for Tax Preparers

A New York City CPA is launching a startup company this tax season that he hopes will become an “Uber for taxes.”

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Posted by Michael Cohn at 06:54PM | Comments (5)

February 9, 2016

Tax Pros Make Predictions on Tax Reform

Ernst & Young has released the results of its latest survey with the Tax Council of tax executives and tax practitioners about their predictions for tax reform.

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Posted by Michael Cohn at 06:05PM | Comments (1)

February 8, 2016

Tax Extenders Provide Good News for Tax Season

Congress’s passage of legislation last December making many expired tax breaks permanent adds an extra measure of certainty for tax preparers helping their clients with tax planning this year.

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Posted by Michael Cohn at 05:03PM | Comments (2)

February 5, 2016

IFAC Calls for End to Patchwork Global Regulations

The International Federation of Accountants has issued a report calling for governments around the world to stop issuing a patchwork set of regulations that are stifling economic growth.

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Posted by Michael Cohn at 04:25PM | Comments (1)

February 4, 2016

Global Businesses Worried by Economic Slowdown

Concerns are mounting among finance professionals at companies around the world about declining incomes in their businesses, according to a new survey.

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Posted by Michael Cohn at 06:01PM | Comments (0)

February 3, 2016

FASB Bulks Up Research Agenda

The Financial Accounting Standards Board decided Wednesday to add four financial reporting issues and two more projects to its research agenda.

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Posted by Michael Cohn at 04:55PM | Comments (0)


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