Taxpayer Advocate recommends IRS dedicate more employees to taxpayer service

National Taxpayer Advocate Nina Olson said in a report Wednesday the Internal Revenue Service ran a generally successful filing season this year, but it needs to assign more employees to taxpayer service instead of enforcement.


Key Republicans want to scrap health bill's tax cuts for wealthy

Several Senate Republicans began to question Wednesday whether their health-care bill should repeal a tax on high-income Americans imposed by Obamacare when the legislation would scale back subsidies for the poor.


Clark Schaefer Hackett acquires LublinSussman

Clark Schaefer Hackett has merged in LublinSussman Group, a firm based in Toledo, Ohio, effective July 1, 2017.


VSCPA holds 2017 Leader's Institute for top students

The Virginia Society of CPAs’ 11th annual event honored local college juniors and seniors pursuing accounting careers.


Charity funded by drug makers draws IRS probe on tax exemption

The Internal Revenue Service has opened a probe into the tax-exempt status of a charity funded by pharmaceutical companies, threatening a lifeline the industry uses to help patients buy expensive drugs for cancer, multiple sclerosis and other diseases.


IIA revamps Audit Executive Center

The Institute of Internal Auditors has refreshed its online Audit Executive Center with new resources for chief audit executives at internal audit departments.


GASB sets uniform approach for reporting government leases

The Governmental Accounting Standards Board released guidance Wednesday to create a single approach to accounting for and reporting state and local government leases.


The black box of accounting technology

Should professionals know more about how their software works the way it does?


PCAOB still sees problems in broker-dealer audits

The Public Company Accounting Oversight Board is continuing to uncover problems with auditor independence during recent inspections of auditors of brokers and dealers.


Trump attacks the ‘AmazonWashingtonPost’ over taxes

Donald Trump attacked the entity he referred to as the “AmazonWashingtonPost” in a tweet Wednesday morning, the latest attempt by the president to cast Amazon Chief Executive Officer Jeff Bezos’s ownership of the Washington Post in a nefarious light.