Trump plans closing argument for GOP tax overhaul Wednesday

President Trump will deliver a closing argument for the proposed Republican tax overhaul in a speech on Wednesday, said a person familiar with the matter.


People on the move: EY names Kelly Grier US chairman and MP-elect

KPMG adds three principals; LBMC hires seven people in three offices; and other recent hires, promotions and personnel news from firms across the country.


ACCA urges CFOs to develop tech roadmaps

The Association of Chartered Certified Accountants released a report Friday on the need for CFOs to develop technology roadmaps for their organizations to stay competitive in the global market.


GASB proposes interest cost capitalization guidance

The Governmental Accounting Standards Board is circulating a pair of exposure drafts proposing accounting and financial reporting guidance pertaining to the capitalization of interest cost along with a proposed Implementation Guide discussing a variety of topics.


Steinhoff bonds plunge after accounting scandal

Steinhoff International Holdings NV bonds extended losses after Moody’s Investors Service slashed the credit rating to junk in the wake of an accounting scandal that’s threatening the survival of the global furniture and clothing retailer.


Trump backs keeping state income tax break with cap, Cohn says

The White House supports tweaking final tax legislation to appease lawmakers who want to let constituents deduct state income taxes, according to National Economic Council Director Gary Cohn.


H&R Block plans new tax pro services

H&R Block is planning to offer a pair of new services that will provide taxpayers with online help from the tax prep chain’s professionals.


Bitcoin boom has tax-prep giants answering consumer queries

Intuit’s TurboTax and H&R Block are providing advice to people who invested in digital currency.


M&A Roundup: Vrakas acquires Radke & Schlesner; Wealth Enhancement Group buys CPA Retirement Planning

Firms combine forces in Wisconsin and Florida.


Coinbase customers could soon find themselves in IRS cross-hairs

Virtual currency owners experiencing the thrill of record high values should take note that the IRS is stepping up enforcement.