Tax extenders added to bipartisan budget deal

Tucked inside the bipartisan budget deal are a slew of tax breaks for NASCAR, Hollywood, racehorses and rum. And beer, too.


Tax Fraud Blotter: Is there a doctor in the house?

Eighteen months, guaranteed; former CPA, current inmate; trust them not; and other highlights of recent tax cases.


Big Four alumni can bias auditors

A new academic study scrutinizes how bias may play a role when an auditor used to work in the same accounting firm as the CFO of the company being audited.


Xero now allows ACH payments

The new functionality is enabled by Xero’s integration with Stripe.


AICPA asks IRS for penalty relief on CFC returns

The American Institute of CPAs is asking the Internal Revenue Service to provide relief from tax penalties to taxpayers who are required for the first time to file information returns related to Controlled Foreign Corporations.


Trump to nominate Beverly Hills tax lawyer Rettig for IRS chief

President Donald Trump said on Thursday he will nominate California tax attorney Charles “Chuck” Rettig to lead the Internal Revenue Service as it puts the Republican tax overhaul into practice.


Gravity Software adds time and billing

The new module features dashboards that show job and resource status.


The down and dirty on the new tax rules and estate planning

Ever since the passage of the Tax Cuts and Jobs Act, the headlines have been buzzing about the resulting income tax consequences for individuals and businesses, but what about the intersection with estate planning?


IRS sees tax-related identity theft plunge in past year

The Internal Revenue Service said Thursday it saw dramatic declines in tax-related identity theft last year, thanks to the effort of the Security Summit, which brings together the IRS with state tax authorities and the tax industry.


Audit committees eye tax reform impact on companies

Audit committees at public companies should be aware of some of the accounting implications of the new Tax Cuts and Jobs Act, according to a new report from Ernst & Young.