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The president is directing the Treasury to review regs to see if they’re too burdensome.

Administration officials are suggesting it might not be revenue-neutral.

The Internal Revenue Service has released a revenue procedure that provides guidance on several aspects of the Protecting Americans from Tax Hikes Act of 2015, including the expensing of section 179 property, the additional first-year depreciation deduction, and the qualified Indian reservation property depreciation provision.

Economic confidence has rebounded in the first quarter of the year, according to a survey of accountants around the world by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

The International Accounting Standards Board has proposed a set of minor amendments to the financial instruments standard to make it easier to implement.

Along with this release, the software company has also introduced enhanced internal controls.

Drucker & Scaccetti releases 'Dancing in the Street' video to celebrate rebranding; Anders reports on staff’s 2017 volunteer efforts; and more news from CPA offices across the country.

TaxOps appoints a partner; Happy Tax expands its board of directors; and other recent hires, promotions and personnel news from firms across the country.

The Public Company Accounting Oversight Board announced six settled actions against non-U.S. accounting firms late last month for failure to report certain disciplinary or regulatory actions against them in their home country.

The solution targets the complex needs of cannabis-related businesses.