QuickBooks jumps on the chatbot bandwagon

“What the hell did I spend my money on?” Self-employed users can ask the bot.


Tax Fraud Blotter: Fast time

So busted; many clients, not one business; plenty for wife and girlfriend; and other highlights of recent tax cases.


PCAOB passes slimmer budget and plans to reduce headcount

The Public Company Accounting Oversight Board has approved a reduced budget for fiscal year 2018 of approximately $259.9 million along with a strategic plan for 2017-2021, plus a smaller accounting support fee and staff.


How three losses will lead to one huge gain for budget plans

Budget plans should be treated as living documents that provide guidance and direction, and are updated and adjusted as actual results unfold. How do finance teams get there?


Goodwill impairments declined nearly 50% last year

U.S. public companies recorded $28.5 billion in goodwill impairment in 2016, half the $56.9 billion they reported in 2015, according to a new study.


Accountants wouldn't get lower rate under House bill

Experts from PwC parse the differences between the tax reform bills on the treatment of pass-through businesses.


Tax reform clears House hurdle, but obstacles remain

Differences with the as-yet-unpassed Senate bill need to be reconciled.


Tax Cuts and Jobs Act passes the House

The House passed tax reform legislation Thursday by a vote of 227-205, with 13 Republicans voting against the bill, as the Senate Finance Committee continued debating and marking up a significantly different version of the bill.


House passes tax bill in first step toward historic overhaul

House Republicans passed their version of legislation to overhaul the U.S. tax code by slashing the corporate tax rate, lowering tax burdens for most individuals and adding an estimated $1.4 trillion to the federal deficit over the next decade.


Anti-Fraud Collaboration encourages reporting on financial misconduct

The Anti-Fraud Collaboration, a joint effort of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released a new report urging accountants, auditors and other business people to blow the whistle on any financial reporting shenanigans they see.