Big Four, Grant Thornton honored with 'Volunteer Service Award'

The firms were recognized by Junior Achievement USA for their charitable efforts over the last year.


Americans may get permanent tax cut in ‘phase two,’ Kudlow says

Tax cuts for individuals should be made permanent under ‘phase two’ of an overhaul, according to Larry Kudlow, the incoming White House economic adviser.


Redefining what it means to work

Three ways to create a culture of engagement.


AICPA releases dual reporting auditing interpretation

The American Institute of CPAs’ Auditing Standards Board has issued an auditing interpretation to help accountants comply with standards from both the AICPA and the Public Company Accounting Oversight Board.


Chamber of Commerce wants guidance on tax law

The U.S. Chamber of Commerce is asking the Internal Revenue Service for more guidance on the Tax Cuts and Jobs Act, asking for language specifying how qualified business income and limitations on business interest should be defined, among other matters.


Dodging taxes through offshore banks? You’re not off the hook

The Internal Revenue Service is winding down its program to entice wealthy Americans who hid money offshore to come forward and take an amnesty deal—but if you’re a tax dodger, or simply clueless, don’t think you’ve been spared.


Illinois CPA Society shares March Madness tax tips

The Illinois CPA Society has some advice for taxpayers who are betting on the March Madness tournament and manage to win money on their picks for the brackets.


IRS offers more info on transition tax for multinationals

The Internal Revenue Service provided additional information Tuesday to help corporate taxpayers deal with the new section 965 transition tax for repatriating foreign profits under the tax law that Congress passed in December.


Tackling blockchain in the accounting profession

Blockchain is one of the hottest topics in the accounting and financial services field, but a substantial amount of uncertainty remains.


IRS plans to end offshore voluntary disclosure program

The Internal Revenue Service said Tuesday it plans to close the 2014 Offshore Voluntary Disclosure Program on Sept. 28, 2018 and will start winding it down before that date.