In the blogs: Why we tax

Claiming a disabled spouse; IRS messaging; FASB and codification improvements; and other highlights from our favorite tax bloggers.

IFAC offers guide to small business audits

The International Federation of Accountants has released an updated reference.

Senate expected to vote Thursday on confirming Rettig as IRS commissioner

The Finance Committee is expected to approve Trump’s nomination of a tax attorney as the next head of the Internal Revenue Service.

Putin’s ‘incredible’ offer to Trump tied to 2016 campaign meeting on tax evasion case

President Vladimir Putin’s offer to help the U.S. investigate alleged Russian election meddling, hailed as an “incredible” gesture by Donald Trump, included the same allegations made by a Kremlin-linked lawyer at a controversial 2016 meeting with top campaign officials of the future president.

IFRS Foundation appoints Erkki Liikanen as chair

Erkki Liikanen, a former governor of the Finnish Central Bank, has been named chair of the IFRS Foundation trustees, the group that oversees the International Accounting Standards Board and the International Financial Reporting Standards they develop.

10 things accounting grads should know

Wise advice for those just entering the profession, from Berkowitz Pollack Brant’s Richard Berkowitz.

Mentioning trade secrets in a 10-K heightens cyberattack risk

Companies that refer to trade secrets in their Form 10-K annual reports are at greater risk of cyberattacks from criminals who are intent on uncovering them, according to a team of accounting researchers.

New Jersey CPAs criticize state budget

More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the New Jersey Society of CPAs.

CalCPA grows to 45,000 members

The California Society of CPAs marked a milestone Monday, with chairman Lewis Sharpstone saying the organization now has 45,000 members, making it the biggest state CPA society in the country.

Axiom releases system for identifying embedded leases in contracts

Axiom, a provider of legal contract technology, has introduced the Contracts Intelligence Platform for Lease Accounting to help organizations uncover embedded leases that are subject to the new lease accounting standard.