Regulation and compliance
Regulation and compliance
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Lawmakers overcame objections from Sen. Rand Paul who had held up the treaties over fears that they could jeopardize U.S. taxpayers’ privacy.
July 17 -
The Financial Accounting Standards Board voted Wednesday to propose to delay some of its major accounting standards — including credit losses, leases, hedging and long-duration insurance contracts — for private companies, nonprofits and small reporting companies.
July 17 -
The Internal Revenue Service offered additional information for multinational companies repatriating their foreign profits under the Tax Cuts and Jobs Act.
July 16 -
The American Institute of CPAs has sent a set of recommendations to the Internal Revenue Service about accounting methods for small-business taxpayers and how to determine whether a taxpayer qualifies as a small business.
July 16 -
Lawyers for Donald Trump are in court Friday morning arguing against a subpoena from congressional Democrats seeking financial information from the president’s longtime accountants, Mazars USA LLP.
July 12 -
The American Institute of CPAs’ Auditing Standards Board has released a pair of SASs on ERISA audits and auditor responsibilities.
July 11 -
New tax legislation is passing through Congress aimed at addressing several retirement issues.
July 11 -
The embattled National Rifle Association reported some good news this year: Revenue from membership dues jumped 33 percent last year to $170 million. But that picture may not be as rosy as those numbers suggest.
July 11 -
Nina Olson also suggested different ways to increase the participation rate of eligible taxpayers in claiming the Earned Income Tax Credit.
July 10 -
Substantial changes in the regulations for the new global intangible low-taxed income could mean that many more amended K-1 schedules will be necessary for tax practitioners this year.
July 9 -
The Financial Accounting Standards Board has issued an invitation to comment document asking for input from its constituents on the accounting for certain identifiable intangible assets acquired in a business combination and the subsequent accounting for goodwill.
July 9 -
Time is tight for Donald Trump’s lawyers in their fight to keep the president’s financial records out of the hands of congressional Democrats.
July 9 -
Extending tax breaks that are intended to benefit families and small businesses come with a steep cost, according to Congress’s nonpartisan scorekeeper.
July 9 -
Investors are starting to pour money into the real estate projects after more than a year of indecision.
July 9 -
IRS audit rates have dropped, but that doesn’t mean clients shouldn’t be prepared.
July 9 -
The Internal Revenue Service is allowing employers to truncate taxpayer identification numbers to protect employees from identity theft.
July 8 -
The new rules adjust accounting to an age when viewers are streaming video online and binge watching their favorite series.
July 5 -
The Internal Revenue Service has set up a process for carefully vetting videos after a series of embarrassing educational videos were uncovered several years ago featuring IRS officials and employees appearing in spoofs of TV series such as "Star Trek," "Gilligan’s Island" and "Mad Men," along with a dance music video.
July 3 -
Gas prices; GASB and 457s; heads in the cloud; and other highlights from our favorite tax bloggers.
July 2 -
We live in the digital age. But as accountants adopt new technology, they need to be aware of the corresponding rise in cyber threats — and the regulation surrounding them.
July 2















