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February 28, 2014

Camp Tax Reform Proposal Makes Waves

The tax reform proposal issued this week by House Ways and Means Committee chairman Dave Camp, R-Mich., is continuing to generate plenty of discussion.

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

February 27, 2014

G2 FinTech Helps with Hedge Fund Tax Accounting

G2 FinTech focuses on a technology niche of helping accountants automate the process of tax preparation for financial firms that need to deal with complex transactions such as wash sales and straddles on a regular basis.

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Posted by Michael Cohn at 05:55PM | Comments (0)

February 20, 2014

Bloomberg BNA Releases Book on PCAOB

Bloomberg BNA has published a new book examining the history and workings of the Public Company Accounting Oversight Board.

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Posted by Michael Cohn at 02:59PM | Comments (0)

February 14, 2014

Finance Execs Need to Get More Involved in Sustainability Reporting

Financial executives should become more involved in their company’s sustainability reporting efforts, according to a new report.

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Posted by Michael Cohn at 12:32PM | Comments (2)

February 10, 2014

PwC Supports International Valuation Standards Council

PricewaterhouseCoopers has just joined the rest of the Big Four firms in officially sponsoring the work of the International Valuation Standards Council, which aims to create globally recognized and accepted valuation standards, particularly for financial instruments, and promote quality within the valuation profession.

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Posted by Michael Cohn at 05:44PM | Comments (0)

February 4, 2014

Auto Repair Shops Could Use Accountants’ Help

Automobile repair and maintenance shops are recovering slowly from the recession and could benefit from more help from their accountants, according to a new report.

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Posted by Michael Cohn at 01:15PM | Comments (0)

February 3, 2014

Intuit Awards Super Bowl Commercial to Small Business

QuickBooks maker Intuit ran a commercial during the Super Bowl on Sunday to promote a local small business. The winner of the competition for the 30-second ad was GoldieBlox, a startup company based in Oakland, Calif., whose toys aim to inspire young girls to become engineers.

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Posted by Michael Cohn at 06:48PM | Comments (0)

January 28, 2014

Big Super Bowl Payoff Expected for NY, NJ and NFL

PricewaterhouseCoopers is anticipating that Super Bowl XLVIII will generate over $210 million in direct spending in the New York and New Jersey area, though the revenue generated by the Super Bowl and other pro football activities is leading some to question the NFL’s nonprofit, tax-exempt status.

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Posted by Michael Cohn at 06:24PM | Comments (0)

January 22, 2014

FASB’s Latest Changes Make Life a Little Easier for Private Company Accountants

The new updates that the Financial Accounting Standards Board has just released for goodwill and interest rate swaps make good on its promise to follow up on the suggestions of the Private Company Council that FASB’s parent organization, the Financial Accounting Foundation, established less than two years ago.

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Posted by Michael Cohn at 05:39PM | Comments (0)

January 17, 2014

Cindy Fornelli Becomes a LinkedIn Influencer

Cindy Fornelli, the executive director of the Center for Audit Quality, has long been an influential person in the accounting profession and is a perennial member of Accounting Today’s annual list of the Top 100 Most Influential People.

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Posted by Michael Cohn at 07:35PM | Comments (0)


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