In the blogs: Big prizes

Great Derby bet; fraud and recouping fees; nothing beats education; and other highlights from our favorite tax bloggers.


Firm culture may conflict with the profession’s long-term goals

An Illinois CPA Society report suggests some of the profession’s accepted habits may need to be re-examined.


Financial planning in need of more diversity, new report finds

A research paper from the CFP Board found that black and Latino professionals are severely underrepresented in the industry.


IRS offers automatic method to change accounting for new revenue recognition standard

A new revenue procedure makes it easier for companies to conform with FASB’s revenue recognition standard.


Manhattan art consultant pleads guilty to stashing cash abroad

Another client of Swiss financial adviser Beda Singenberger, whose accidental mailing of a list of his American clients helped federal prosecutors build dozens of tax-evasion cases, has been nabbed by the government.


NASBA names 2018 'Ethics in Action' video contest winners

The ninth annual competition invited students across all disciplines to submit brief videos on ethical standards in modern business.


AI and accountants’ intelligence: ‘The AI-ccountant’

Google’s Duplex AI points the way to a radical augmentation of the profession’s abilities.


AICPA asks IRS for changes in Form 990

The American Institute of CPAs suggested more than 30 changes to the Internal Revenue Service for the Form 990, Return of Organization Exempt from Income Tax, and its instructions, some of them marked as urgent.


Sage offers new payment feature within Outlook

Sage Business Cloud customers will be able to invoice and receive payments via Microsoft’s email application.


The upcoming age of mega-mergers

The case for growth by large merger is compelling, and once the dam breaks, there will be a race to merge with the better firms.