A refined approach to inventory valuation

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations.


IRS plans to further delay foreign currency tax rules

The Internal Revenue Service and the Treasury Department are going to amend the Section 987 regulations to postpone them for another year.


AICPA recommends items for IRS priority guidance plan

The American Institute of CPAs sent a list of more than 150 recommendations for the Internal Revenue Service to add to its Priority Guidance Plan where it would like to see the IRS provide more clarity, with a particular spotlight on the Tax Cuts and Jobs Act.


EY looks at future of the tax and finance function

Ernst & Young has released a study on some trends it is seeing at companies around the world.


Tax tips for small businesses

The NAEA offers advice to help owners deal with both reform and their perennial tax burden.


Trump used charity as his checkbook, N.Y. says as it flags IRS

President Donald Trump’s personal charity repeatedly and willfully broke state and federal laws by engaging in a decade-long pattern of self-dealing that culminated in illegal coordination with his political campaign, New York alleged in a scathing lawsuit.


Rich looking to dodge property tax caps turn to Alaskan trusts

Jonathan Blattmachr, an estate planning lawyer, is such a fan of the strategy he’s created to help some of his wealthy clients get around the new property tax deduction cap that he’s using it himself.


10 tech stories you may have missed: Excel gets smarter

An infusion of AI improves everyone’s favorite spreadsheet software, harassment by emoji, and more.


Accounting departments leverage technology to boost hiring

Accounting departments are finding that offering advanced technology like cloud computing is helping them attract staff, according to a new report.


New tactics for pervasive cybersecurity threats

IT expert Donny Shimamoto and firm owner Dan Moore shared some tried-and-tested approaches to keep client data secure at the AICPA Engage conference.