Goldman takes one-time $5B hit from new U.S. tax law

Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $5 billion, mainly because of a tax targeting earnings held abroad.

Corporate tax platform provider Bigcontrols updates software

New features include data visualization updates, enhanced email notifications, and modern reporting capabilities.

Trump brags he know taxes ‘better than the greatest CPA’

President Trump boasted about his tax knowledge during an impromptu interview with The New York Times in which he claimed to know taxes “better than the greatest CPA.”

TIGTA warns taxpayers to be on alert for IRS scammers

The Treasury Inspector General for Tax Administration cautioned taxpayers to stay on “high alert” next tax season so they don’t fall prey to criminals who pretend to be employees of the Internal Revenue Service and the Treasury Department.

Accounting firm goes after Mel Gibson’s ex over unpaid bills

Southern California accounting firm White, Zuckerman, Warsavsky, Luna & Hunt has filed documents in court against Mel Gibson’s former girlfriend, Oksana Grigorieva, seeking payment on an unpaid bill of $108,887 for forensic accounting services after the firm helped her win an increase in child support payments from the actor-director.

IRS clarifies tax treatment of film packages on TV channels

The Internal Revenue Service has issued a revenue ruling clarifying the tax treatment of a package of films on a TV channel in terms of the domestic production activities deduction.

IRS works on withholding guidance for tax reform law

The Internal Revenue Service said it is working on developing withholding guidance to implement the tax reform bill signed into law on December 22.

PBMares staff volunteer throughout Capitol Region

The Virginia-based Regional Leader sent over 125 employees out to 10 different charities.

IRS warns property tax prepayments must be properly assessed

But many 2018 taxes have already been levied, experts say.

PCAOB updates guidance on new auditor’s report

The board’s staff are offering additional information on determining auditor tenure.