In the blogs: Matters of interpretation

Football, baseball and taxes; audit challenges; trade shows and sales tax; and other highlights from our favorite tax bloggers.

Wolters Kluwer offers post-filing season tax update

The report discusses some of the main developments this past season that are likely to affect taxpayers for the rest of the year.

CPA runs aground on Tax Court's reading of hobby loss rules

A Florida accountant lost his battle to prove his yacht charter business was operated for profit.

Dos and don’ts of new age accounting

Accounting has evolved and if you are not keeping up with the latest advances, chances are your clients won’t be satisfied or they may drop you entirely.

Dem leaders and Trump to aim for a $2T infrastructure plan

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said they would identify funding sources for the plan at a later meeting.

U.K. regulator fines KPMG $7.8M over audits of car insurer

The United Kingdom’s Financial Reporting Council also ‘severely reprimanded’ the firm, as well as two partners.

Sharing the wealth with Sec. 83(i)

This provision of the TJCA gives ordinary workers better access to an executive perk.

Wage growth slowed a bit in April, says Paychex

Small-business job growth remained relatively consistent in April, but hourly earnings growth moderated slightly, according to payroll giant Paychex.

Illinois CPA Society holds annual 'Jumpstart' program

The state society hosted more than 170 local accounting students to provide career advice and networking opportunities.

A $4.4B accounting error burns investors in China

One of China’s largest listed drugmakers said it overstated cash holdings by $4.4 billion, sending its shares and bonds tumbling.