New stress testing reform may have some CECL benefits

The rollback of Dodd-Frank requirements may have an impact on the credit loss standard.


Treasury and IRS propose regulations for increasing depreciation deduction to 100%

The Treasury Department and the Internal Revenue Service proposed regulations Friday to increase and expand the first-year depreciation deduction for qualified property from 50 to 100 percent, carrying out a provision of the Tax Cuts and Jobs Act.


IFAC and IAESB plan overhaul of education standard-setting board

The International Federation of Accountants is changing the oversight and priorities of its International Accounting Education Standards Board, which sets standards for education and professional development of accountants.


People on the move: Grant Thornton names 61 new execs

Prager Metis hires first chief success officer; Intuit promotes accountant segment business leader; and other recent hires, promotions and personnel news from firms across the country.


Firms on the move: Baker Tilly holds Stewardship Day of service

MACPA names 2018-19 board of directors; CalCPA hosts second annual California Cannabis Industry Symposium; and more news from CPA offices across the country.


Practice Profile: Presenting the past as prologue

Waldron H. Rand’s 106-year-old values continue to guide the firm today.


Tax Fraud Blotter: Trouble at the old mill

Thousands of victims, millions in refunds; bogus taxpayers in three states; the roof caves in; and other highlights of recent tax cases.


Becoming a strategic high-growth juggernaut firm

It seems as though every firm and company wants to consider itself “high growth,” but only a small percentage of them actually are.


Paychex sees slowdown in small business job and wage growth in July

Paychex reported a continuing decline in the rate of growth in jobs and wages at small businesses in July, a sign that tax reform isn’t boosting the economy as much as the latest GDP numbers suggest.


In a world of change, firms need all the friends they can get

As the BDO Alliance hits 25, the group highlights the value of making connections across the profession.