All Stories

  • CPA Business Execs Feel a Lot Better about the Post-Election Economy

    December 8, 2016

    CPAs who are also business executives at U.S. companies are expressing much stronger optimism about the U.S. economy after the election, according to a new survey by the American Institute of CPAs.

  • McDonald's Moves Tax Base to U.K. as EU Attacks Burger Giant

    December 8, 2016

    McDonald’s Corp. shrugged off Brexit by announcing plans to switch its non-U.S. tax base to the U.K., ditching tiny Luxembourg where its fiscal arrangements are under attack from European Union regulators.

  • Tax Fraud Blotter: Zapped

    December 8, 2016

    A roundup of our favorite recent tax stories.

  • Taxpayer Advocate Service Needs to Make Fixes

    December 8, 2016

    The Taxpayer Advocate Service is falling behind in implementing several recommended changes in its processes, according to a new report from the Treasury Inspector General for Tax Administration.

  • Koch Industries Says House GOP's Tax Plan 'Could Be Devastating'

    December 8, 2016

    Koch Industries Inc., the influential private firm headed by billionaire Republican supporters Charles and David Koch, slammed a key element of the House Republicans’ plan to overhaul corporate taxes, saying it would raise prices for American consumers and “could be devastating” to the economy.

  • SEC Enforcement Chief Ceresney Stepping Down

    December 8, 2016

    The Securities and Exchange Commission said Thursday that its enforcement director, Andrew J. Ceresney, plans to leave the SEC by the end of the year.

  • Court Upholds Commercial Activity Tax

    December 8, 2016

    Ohio Supreme Court votes to uphold Ohio’s Commercial Activity Tax against a Constitutional nexus challenge.

  • Tax Implications of Trump's Business Decisions

    December 8, 2016

    Donald Trump must confront major tax issues when deciding what to do with his real estate empire and other businesses in order to avoid conflicts of interest as he assumes the presidency.

  • M&A Surge Highlights Zero-Based Budgeting Trend

    December 7, 2016

    After months of sluggishness, a recent uptick in M&A activity could mean zero-based budgeting is having its own moment in the spotlight. A form of budgeting that scrutinizes costs across every part of the business, ZBB often comes into its own in the wake of an M&A deal.

  • Sales Tax Rates Held Steady in Q3

    December 7, 2016

    Sales tax rates stayed unchanged in the third quarter of the year for the most part, according to a new report.

  • 'Tis the Season for Distractions and Accounting Mistakes

    December 7, 2016

    Accountants are no different than anyone else at the company during holiday time. We get swept up in heartwarming nostalgia when we hear holiday music, smell and taste delicious baked goods, and are invited to extend our lunch hours or leave the office early to get our shopping done before the crowds.

  • House Blocks Conservative Move to Force IRS Impeachment Vote

    December 7, 2016

    The House blocked an effort Tuesday by conservatives to force an impeachment vote against Internal Revenue Service commissioner John Koskinen, effectively taking the question off the congressional agenda for this year.

  • More Private Companies Sharing Financial Info with Staff

    December 7, 2016

    An increasing proportion of private companies are providing updates on financial performance internally with employees, according to a new survey.

  • HBK Merges in Resnick, Amsterdam, Leshner

    December 7, 2016

    HBK CPAs & Consultants has signed a merger agreement with Resnick, Amsterdam, Leshner, P.C., adding an office in Blue Bell, Pa., to Canfield, Ohio-based HBK, along with clients in the sports industry.

  • Credit Karma Introduces Tax Prep Service

    December 7, 2016

    The personal finance company Credit Karma has debuted Credit Karma Tax, an online self-directed tax preparation service that provides free federal and state tax preparation, along with free electronic filing, for Credit Karma members.