Firms on the move: Big Four, GT receive President’s Volunteer Service Awards

KPMG International unveils Watson-enabled cognitive solutions; PKF O’Connor Davies subsidiary adds cryptocurrency hedge fund offering; and more news from CPA offices across the country.


Backed by Kudlow, GOP dares Democrats with phase two of tax cuts

Republicans are looking to act a lot faster than originally expected to keep the new individual tax breaks from expiring in 2025, daring the opposition to put up a roadblock during a congressional election year.


People on the move: Mazars appoints pair of partners to new L.A. office

KPMG makes two national hires; BerryDunn adds 14 professionals; and other recent hires, promotions and personnel news from firms across the country.


CAQ offers advice for audit committees on non-GAAP measures

The Center for Audit Quailty has released a new publication offering considerations for audit committee members to help with oversight of non-GAAP measures.


Tax Fraud Blotter: ‘Til parole do they part

Scheming from coffee shops; disbarred and behind bars; AOTC on 3,000 returns; and other highlights of recent tax cases.


KPMG offers new IBM Watson-enabled accounting tools

The solutions integrate artificial intelligence technology with the Big Four firm’s advisory and tax services.


Senate report predicts small businesses will spend more on accountants after tax law

A new report from Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, discusses how small businesses will face more uncertainty and complexity from the Republican tax law and will ultimately need help from their accountants to figure out the pass-through deduction.


Taxpayers can file returns claiming 4 retroactive tax breaks for energy

The Internal Revenue Service said Friday it’s ready to process tax year 2017 returns claiming four additional tax benefits recently renewed retroactively into law, including tax breaks related to energy conservation and production.


Blood, fraud and money led to Theranos CEO’s fall from grace

Elizabeth Holmes raised hundreds of millions of dollars from investors on the promise that her medical-testing startup Theranos Inc. would change medicine with a single drop of blood. On Wednesday, securities regulators called her a fraud and forced her to give up the company she built.


Debunking the myths of cost segregation

I hear the comment all the time, “If I do cost segregation, I’ll just give it all back in recapture when I sell.” Allow me to debunk that myth and more.