Tax reform makes year-end planning more important than ever

Potential code changes call for action before Dec. 30.


Tax debate update: Brady says ending corporate AMT is ‘priority’

House and Senate lawmakers plan to begin working this week on compromise tax-overhaul legislation—a key step in their drive to send a package of tax cuts for corporations and individuals to President Donald Trump by the end of the year. Here are the latest developments, updated throughout the day:


Puerto Rico warns tax bill could slash revenue by one third

Still reeling from the devastation of Hurricane Maria, Puerto Rico may be pummeled again by the tax-cut bill in Congress.


PCAOB offers help with auditor report changes

The Public Company Accounting Oversight Board has released staff guidance on the new audit reporting standard and is hosting webinars to help auditors with preparing the new reports.


Art of Accounting: Lawyer did an incompetent job

About nine years ago one of my clients went to an attorney for an estate plan. I asked to be involved and was told I wasn’t needed so I sat it out.


CBIZ buys McKay

CBIZ and Mayer Hoffman McCann have acquired McKay & Carnahan, Inc., a firm based in Newport Beach, Calif., effective Dec. 1, 2017.


Bill.com and CPA.com expand Accountant Partner Program

The program now offers services, resources and technology tailored to large firms, as well as the features it offered before for small and midsized firms.


5 FP&A practices to ditch

Many finance, planning and analysis teams are stuck using outdated processes.


Warner calls Senate tax vote ‘Swamp 101,’ GOP cites transparency

Republican senators defended the late-night, early-morning debate and vote that produced their sweeping revisions to the U.S. tax code, after criticism from Democrats that the bill’s final version incorporated multibillion-dollar changes made with little discussion.


Congress talks tax deal as Trump signals corporate rate retreat

House and Senate lawmakers say they’ll begin working Monday on compromise tax-overhaul legislation—just a couple days after President Donald Trump introduced uncertainty over a provision that could mean a difference of about $200 billion over 10 years.