More devices, more problems

The more Internet-enabled devices a firm connects with, the more risk it takes on. Here’s how to combat the danger.


Libra introduces enterprise accounting product for blockchain companies

The news comes just after the company raised $7.8M in Series A funding.


Tax debate update: Hurdles remain in gathering 50 Senate votes

The Senate tax bill is headed for a marathon debate this week as Republican leaders plan to bring the measure to the floor Wednesday and hold a final vote as early as Thursday. Here are the latest developments, updated throughout the day.


GAO recommends IRS collaborate more to deter tax refund fraud and identity theft

A new report from the Government Accountability Office suggests the Internal Revenue Service should increase its efforts to collaborate with the tax preparation industry and state tax authorities in the battle against identity theft and tax fraud.


Tax Strategy: What's new with information return compliance

A roundup of new IRS initiatives in data collection for the upcoming tax season.


Tax debate update: Senate bill in limbo amid budget panel drama

The Senate tax bill is headed for a marathon debate this week as Republican leaders plan to hold a floor vote as early as Thursday—but first, it has to go through the Budget Committee, where key GOP lawmakers are raising objections. Here are the latest developments, updated throughout the day:


Donor-advised funds keep growing in assets

The amount of total assets under management in donor-advised funds grew 9.7 percent to more than $85 billion last year, as an 80-year-old vehicle for philanthropy and charitable giving continues to grow in popularity.


Art of Accounting: ‘I’ve got to run. My big client is on the other phone!’

I had a meeting recently with an accountant and was led into his office while he was on the phone. I overheard him telling a client that he wouldn’t be able to get his work done as promised because his humongous client needed something done right away, and “you know how that is!”


Small business owners oppose tax reform proposals

A majority of small business owners oppose the tax reform plans now being considered by Congress, according to a new survey.


IRS offers tax break for repairing concrete damage to homes

A new revenue procedure provides a safe harbor allowing taxpayers to deduct costs for fixing deteriorating foundations.