Regulation and compliance
Regulation
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The Internal Revenue Service has issued a notice asking for comments on the effect of the new revenue recognition standards on taxpayers methods of tax accounting.
May 29 -
We can see a bigger picture and look further out into the future than those of you who fight your daily battles down in the trenches.
May 27 -
The Securities and Exchange Commission has charged Deutsche Bank AG with filing misstated financial reports during the height of the financial crisis that failed to take into account a material risk for potential losses estimated to be in the billions of dollars, and Deutsche Bank agreed to pay a $55 million penalty to settle the charges.
May 26 -
If your business has formed a captive insurance company that has elected small insurance status under section 831(b) of the Internal Revenue Code, you may be hearing from the IRS.
May 22 -
The Financial Accounting Foundation has released its 2014 annual report, which focuses on its recently released strategic plan.
May 18 -
The Securities and Exchange Commission charged a CPA and his son in New York on Thursday, accusing them of conducting an insider trading scheme involving tips on nonpublic information that they sent in coded email messages disguised as discussions about golf.
May 14 -
The head of a Senate investigative subcommittee said he plans to look into problems with the health insurance marketplaces set up for the Affordable Care Act that forced many taxpayers to owe some of the tax credit money they had received for buying health insurance.
May 14 -
The Securities and Exchange Commission has appointed Wesley R. Bricker as deputy chief accountant overseeing the accounting group in the agencys Office of the Chief Accountant, replacing Dan Murdock, who is leaving the SEC for a job in the private sector.
May 14 -
Beware of some common reporting mistakes of W-2 and 1099 reporting to avoid tax penalties.
May 13 -
The Financial Accounting Standards Board has released a proposed accounting standards update to clarify the guidance on performance obligations and licensing contained in the new revenue recognition standard.
May 12 -
Greatland is adding year-end reporting for the Affordable Care Act to its W-2 and 1099 reporting software, Yearli.
May 12 -
It is silly for Republicans to put together a response to the Supreme Courts expected June ruling on the legality of subsides in the federal health care exchange, the health policy director at the CATO Institute, which helped launch the lawsuit, said Monday.
May 12 -
The Institute of Certified Public Accountants in Ireland, also known as CPA Ireland, has signed a memorandum of understanding with the Association of Certified Accountants and Auditors of Belarus, further extending the Institutes international network and influence in Europe.
May 11 -
Delays in employer and insurer reporting of health insurance information have reduced the IRSs ability to determine whether taxpayers and their dependents have basic health insurance as required under the Affordable Care Acts individual mandate, according to a new government report.
May 8 -
Securities and Exchange Commission chief accountant James Schnurr is rethinking a proposal he made last December that the SEC allow U.S. companies the option of providing some information, such as revenues, using International Financial Reporting Standards as a supplement to U.S. GAAP without requiring reconciliation.
May 7 -
Jackson Hewitt Tax Service reported the best results it has seen in over five years this tax season, in contrast with competing tax prep chains H&R Block and Liberty Tax.
May 5 -
The Internal Revenue Service has released the inflation-adjusted deduction limitations for annual contributions to health savings accounts in 2016.
May 4 -
The Securities and Exchange Commission, which polices public companies financial reports, lacks internal controls over its own accounting, a government watchdog said Thursday.
May 4 -
Thomson Reuters has introduced PPCs Guide to SSARS Preparation Engagements to explain the new financial statement preparation service introduced by the American Institute of CPAs Accounting and Review Services Committee.
May 4 -
PricewaterhouseCoopers latest Trendsetter Barometera quarterly survey of top executive officers at privately held U.S. businesseshas something positive in it for everyone, according to Ken Esch, the PwC Private Company Services partner who conducted the survey.
May 1
