June 8, 2016

There's Gold in Them Thar Accounting

The World Gold Council, a market development organization for the gold industry, has some ideas about developing a common accounting framework for gold that could be used by central banks in countries around the world.

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Posted by Michael Cohn at 05:17PM | Comments (0)

June 7, 2016

Finance Execs Anticipate Growing Compliance Costs

The costs of the finance and accounting function at many companies are expected to climb in the next few years, according to a new survey.

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Posted by Michael Cohn at 05:09PM | Comments (0)

June 6, 2016

A Way Out of Payday Loan Debt Traps

The Consumer Financial Protection Bureau proposed long-awaited rulemaking last week to protect consumers from falling into the trap of ever-spiraling debt for taking out a short-term “payday loan.”

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Posted by Michael Cohn at 04:17PM | Comments (0)

June 3, 2016

Private Museums Come under Tax Scrutiny

Congress and the Internal Revenue Service are starting to take a closer look at the museums set up by private foundations that receive special tax-exempt status from the IRS.

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Posted by Michael Cohn at 05:17PM | Comments (0)


Accountants Rescued by the 'Magnificent Seven'

Forget about Yul Brynner, Steve McQueen, Charles Bronson, James Coburn, Robert Vaughn, Horst Buchholz and Brad Dexter. Accountants need a “Magnificent Seven” set of attributes to survive in today’s business environment, according to new research from the Association of Chartered Certified Accountants.

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Posted by Michael Cohn at 12:53PM | Comments (0)

June 2, 2016

CAQ Funds More Academic Research on Auditing

The Center for Audit Quality is providing support for more independent auditing-related research by picking two new academic research proposals for funding.

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Posted by Michael Cohn at 03:29PM | Comments (0)

June 1, 2016

Financial Wellness Varies across Generations

Two new surveys highlight the differing financial situations of older and younger adults.

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Posted by Michael Cohn at 01:33PM | Comments (0)

May 31, 2016

A Radical Podcast Series for Accountants and Others

Accounting Today columnist Jody Padar and former Accounting Today senior editor Liz Gold are co-hosting a new podcast series, “Let’s Get Radical.”

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Posted by Michael Cohn at 06:04PM | Comments (0)


Expats Object to Paying U.S. Taxes

A new survey of U.S. taxpayers living abroad finds widespread opposition to the Foreign Account Tax Compliance Act, or FATCA, and similar tax compliance requirements.

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Posted by Michael Cohn at 05:13PM | Comments (9)

May 27, 2016

The Sharing Economy Doesn't Share Tax Information

The so-called “sharing economy” isn’t doing such a good job of disseminating the necessary tax information with its participants.

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Posted by Michael Cohn at 03:22PM | Comments (0)