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As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity.January 24
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The Big Four firm's Board Leadership Center predicts reinforcing audit quality and setting clear expectations for external auditors will be top of mind in the year ahead.January 23
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A drafting error in the Tax Cuts and Jobs Act inadvertently removed Qualified Improvement Property from bonus eligible property. This was a mistake and a technical correction was expected. However, none was ever made.January 23
ShareholderMcGuire Sponsel
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The International Ethics Standards Board for Accountants has released two exposure drafts for proposed ethical standards aimed at strengthening the non-assurance services and fee-related independence provisions of the International Code of Ethics for Professional Accountants.January 22
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The Pentagon made $35 trillion in accounting adjustments last year alone — a total that’s larger than the entire U.S. economy and underscores the Defense Department’s continuing difficulty in balancing its books.January 22
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The American Institute of CPAs’ Financial Reporting Executive Committee has proposed several working drafts of its guidance on the long-duration insurance accounting standard for insurance companies.January 21
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AppZen has released its enhanced AppZen Platform, using artificial intelligence to automate audits and other financial processes.January 21
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CPA firms have lost sight of their central mission: building client value.January 20
PresidentThe Visionary Group
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American Citizens Abroad, a group that promotes the interests of U.S.-born expatriates, has updated and relaunched its online Expat Tax Services Directory of firms providing tax services, tax preparation, accounting services, financial advisory and legal services.January 20
