Funny ideas: Preparers discuss clients’ misconceptions

Many tax pros feel like they’re not getting enough respect.

The most common misconceptions about tax preparers

Clients often don’t understand the practitioners who file their returns.

Treasury and IRS delay anti-inversion earnings-stripping documentation rules

The Treasury Department and the Internal Revenue Service have delayed implementation of the Obama administration’s Section 385 documentation regulations for discouraging corporate tax inversions and earnings stripping until 2019.

Best practices for valuing contingent considerations

Contingent consideration, also referred to as an earnout, is commonly used to bridge a valuation gap, provide continuing incentive to business sellers or account for the achievement of technical or other milestones.

XBRL makes progress globally

Extensible Business Reporting Language, the data-tagging code now required by the Securities and Exchange Commission for filing financial statements, has been making headway not only in the U.S., but in other parts of the world.

Product News: ReportAmigo upgrades reporting software

Workiva earns a big California customer, and Bestborn joins Microsoft Dynamics Inner Circle.

Irish accountant organizations combine

CPA Ireland is absorbing the membership of the Institute of Incorporated Public Accountants as two of Ireland’s largest accounting professional bodies agreed to a permanent collaboration.

Treasury Department plans to end Obama’s myRA program

The retirement account savings program is winding down and officials are encouraging participants to move their funds to a Roth IRA.

ZipBooks now offers standalone bookkeeping product

Users get access to a dedicated bookkeeper and multiple service options.

Big Four firms mark National Intern Day

EY, PwC, and Deloitte took the time to thank their summer colleagues with a slew of activities.