IFRS Foundation and SEC update XBRL taxonomy for 2018

The International Financial Reporting Standards Foundation has released a new set of data tags, while the Securities and Exchange Commission also renewed its files.


Wrongly incarcerated people get extra time from the IRS (to claim tax refunds)

Taxpayers who were wrongly imprisoned will have more of an opportunity to take advantage of a tax break that Congress recently approved.


Five tips for a successful tax season

As an accounting professional in the midst of tax season, you probably feel locked into never-ending workdays with the constant pressure of meeting deadlines.


Autopsies without blame

Don’t point fingers when something goes awry. Focus on your firm’s systems and processes so the same mistakes don’t keep popping up.


TaxAct partners with mileage and expense tracker Everlance

Through this partnership, Everlance is available for use by tax professionals that use TaxAct’s suite of TaxAct Professional products.


Cybercriminals trading tax pro ID numbers on the Dark Web

The Internal Revenue Service is cautioning tax professionals to safeguard their information from identity thieves.


U.S. opposes international move to tax digital economy

The Treasury Department issued a strongly worded statement in response to a report from the Organization for Economic Cooperation and Development.


IRS penalizes cost segregation provider for aiding and abetting

Preparers and their clients often cannot recognize quality differences among service providers, leading to buying decisions based on who proposes the lowest fee or promises the highest tax benefit.


Private companies: Are you ready for the new revenue standard?

With less than a year before the rev rec changes become permanent, businesses should take immediate action, if they haven’t done so by now.


Why middle-aged accountants are suing PwC over campus recruiting

Job fairs are as much a part of college culture as keg parties and summer internships. But might there be something pernicious lurking behind those folding tables, company logos and firm handshakes?