Senate sets up slew of health votes for chaotic Obamacare debate

Senate Republicans have embarked on an unpredictable and potentially chaotic floor debate aimed at repealing Obamacare amid significant doubts that they can muster 50 votes to pass any kind of health bill.

Sage buys Intacct for $850M

The deal gives Sage its long-desired breakthrough in the U.S. market.

4 elements every accounting firm website must have

Without these four, a firm is likely to squander opportunities to gain new clients, impede its client retention efforts, and diminish its brand authority.

IRS sees increase in identity theft on business tax returns and data breaches at preparer offices

The Internal Revenue Service held a meeting of its Security Summit partners Tuesday in Dallas and reported on progress in battling identity theft tied to tax refund fraud, along with some setbacks.

ACCA and IMA find accountants losing business confidence

Business confidence in the U.S. declined in the second quarter and is now at its lowest level since the fourth quarter of 2016, according to a new report from the Association of Chartered Certified Accountants and the Institute of Management Accountants based on a survey of accountants.

Senate GOP to roll the dice on health vote at Trump’s urging

Senate Republican leaders and President Donald Trump appear determined to begin a floor debate Tuesday on repealing Obamacare in a highly unorthodox way—without lawmakers knowing what they’ll be voting on or where it might end up.

Deloitte pledges $1M towards accounting education

The Big Four firm will further support seminars for PhD candidates and educators.

Tax fraud involving prisoners remains a major problem

More than 24,000 fraudulent tax returns were filed in 2015 using a prisoner’s Social Security Number, claiming refunds totaling over $1.3 billion, according to a new report.

As Sarbanes-Oxley nears 15-year anniversary, ethics fall short

The Sarbanes-Oxley Act was signed into law on July 30, 2002 and has led to vast changes in the accounting profession, although not necessarily in corporate ethics.

Tax Court tells Dolphins owner to sleep with the fishes

The Tax Court has denied a claimed charitable deduction of $33,019,000 by RERI Holdings, whose principal investor is Miami Dolphins owner Stephen Ross.