Sales and use tax software providers are hoping that Congress will pass the Marketplace Fairness Act, which would require online merchants to collect sales taxes from customers who owe it for Internet purchases.
PricewaterhouseCoopers has been expanding its involvement with sustainability reporting as more of its clients account for their efforts to go green.
Late last month, the Justice Department shut down Liberty Reserve, a company that facilitated international money laundering by using digital currency to transmit funds.
A trade organization for credit unions has written to the Financial Accounting Standards Board asking for changes in its proposed standards for credit losses in its financial instruments project, which differ from those of the International Accounting Standards Board.
UHY LLP is getting involved in supporting technology startup companies and the CPA firm is finding some new clients that it can guide through the funding and M&A process.
The IRS released the final regulations for Phase III of cost basis reporting of debt instruments, options and single stock futures on April 18, and the tax profession is sorting out what the new rules mean and how they will affect firms and their clients.
It isnt clear whether the House will follow the lead of the Senate and pass the Marketplace Fairness Act, the legislation requiring online vendors to collect sales taxes from their customers, but its still a good idea for clients who are e-commerce merchants to prepare themselves for changes in the tax laws.
The United Nations has issued a report from a high-level panel tasked with developing a post-2015 development agenda in which it calls for all companies to include corporate sustainability reports with their financial reports.
The Public Company Accounting Oversight Boards long-awaited agreement with Chinese authorities doesnt really give the PCAOB everything it has been seeking, such as the ability to inspect auditing firms in China, but it does take the PCAOB closer to its eventual goal.
Robert Herz, the former chairman of the Financial Accounting Standards Board, stopped by the Accounting Today offices last week to talk about his new book, Accounting Changes, and film a video interview.
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February 6, 2014
U.S. Wealth Management CEO John Napolitano discusses how CPAs can start a financial planning practice and how the initiative can go wrong.
March 3, 2014
As companies gain more affordable access to new technology and platforms, they also seek to make smarter investments.
February 7, 2014
The Tax & Accounting business of Thomson Reuters has compiled its annual sampling of quirky sales tax changes passed or implemented in 2013.
January 31, 2014
The Minnesota Society of CPAs recently conducted its annual survey about the most strange and unusual tax deductions proposed by clients.
January 24, 2014
The Taxpayer Advocate proposes a list of rights and responsibilities.
December 31, 2013
Our editors picks for the biggest stories in accounting in 2013