Trump budget plan would tighten requirements for refundable tax credits

The Trump administration’s budget blueprint for fiscal year 2018 would require a Social Security number for claiming either the Earned Income Tax Credit or the Child Tax Credit in an effort to deny the refundable tax credits to undocumented immigrants.


The physics of accounting firm mergers

While best known for the unsubstantiated tale about a falling apple that led to his theory of gravity, Sir Isaac Newton’s three laws of motion have withstood the test of time. These principles have remarkable applicability to modern-day accounting firm mergers.


HMWC participates in Blind Children's Learning Center 5K walk

The California firm saw staff members and their families volunteer for the event and raised $2,500.


Dead or alive, border tax gets long-anticipated House hearing

The hearing on the proposed border-adjustment tax that has split corporate America for months is finally happening, but the measure may be further than ever from reality.


Trump seeks $3.6 trillion in cuts to reshape U.S. government, relies on tax reform

President Donald Trump would dramatically reduce the U.S. government’s role in society with $3.6 trillion in spending cuts over the next 10 years in a budget plan that shrinks the safety net for the poor, recent college graduates and farmers.


What reform will mean for tax pros

The Trump administration’s proposals may create opportunities for practitioners.


Accounting firms see consulting revenue surpass $20 billion

The consulting arms of U.S. accounting firms grew by 10.2 percent to $21.5 billion in 2016, compared to growth of 7.1 percent to $58.7 billion in in the overall consulting market, according to a new report.


AICPA transitions its budget to a new international association

The American Institute of CPAs presented its budget and finances at its Spring Meeting of Council in Washington, D.C., on Monday as the organization undergoes a transformation into an international association with the Chartered Institute of Management Accountants.


KPMG breaks ground on new learning facility

KPMG LLP has begun construction on a $400 million, 55-acre facility for learning, development and technology innovation in Orlando, Florida.


Art of Accounting: Clients are our barometers

There are two types of accountants—those who do their work with blinders and those with wide-open eyes. Both can do competent jobs for their clients, but the ones with the wide-open eyes grow and can do far better work for their clients.