Organization Root Tag

The board approved charters for the membership and activities to revive its old Investor Advisory Group and set up a new Standards and Emerging Issues Advisory Group.

Blank-check companies would be required to disclose more information about their sponsors and potential conflicts of interest under a new plan from the U.S. Securities and Exchange Commission, the latest effort by regulators to rein in the once red-hot market.

Private sector employers added 455,000 jobs this month, payroll giant ADP reported Wednesday, as the economy continued to bounce back despite the ongoing pandemic, although continuing labor shortages held back stronger growth.

The commission’s proposed rule would involve accountants and auditors more heavily in their clients’ efforts to provide assurance on sustainability reporting.

Return of an audit; transforming tax proposals; virtual guidance; and other highlights from our favorite tax bloggers.

The service had denied deductions for eco-friendly model home because of occasional personal use by the owners.

Employment growth at small businesses moderated slightly in March, but wages continued to increase, according to payroll giant Paychex.

The U.S. Federal Trade Commission has filed suit accusing TurboTax of overstating just how free its free filing options are, though Intuit denies the charge and said it will fight the case.

Investors and their CPAs need to be aware of the depreciation rules that apply to the short-term rental market.

New rules from the IRS around required minimum distributions address changes from the SECURE Act.

Tax proposals in the Biden administration’s budget include plans to raise the corporate tax rate to 28% and to tax the unrealized capital gains of “extremely wealthy” individuals.

The board issued an accounting standards update aimed at better aligning hedge accounting with an organization’s risk management strategies.

The Internal Revenue Service is suspending a number of notices it usually mails to tax-exempt organizations and governmental entities when it’s missing their tax returns, citing the pandemic and the IRS’s own backlog of unprocessed tax returns and correspondence.

Professional accountants have an important role in driving better tax education.

Xero deepens ties to Hispanic and Latino communities; the IFRS Foundation is looking for tech-savvy accountants; and more accounting technology news from the past week.

The $2.6 billion Miami firm is the largest independent advisor yet to take advantage of the U.S. territory’s incentives.

The Internal Revenue Service updated its frequently asked questions page on how tax professionals should deal with the third round of Economic Impact Payments for their clients.

Over three-quarters of the audits conducted by the Internal Revenue Service under its centralized partnership audit regime resulted in no change in taxes, according to a new report.

Overall new client additions – and departures – are up from 2020.

The IRS warned Friday of a fast-approaching deadline for $1.5 billion in unclaimed tax refunds for 2018, which need to be claimed before the mid-April tax deadline.