IRS audit rate continued to decline last year

The Internal Revenue Service’s audit rate went down again in 2018, according to data released Monday by the IRS.


QuickBooks Live will only hire Certified ProAdvisors, Intuit says

Now being a QuickBooks Online Certified ProAdvisor is one of the required qualifications for also participating in Live as a bookkeeper.


NASBA and AICPA propose revisions to CPE standards

The proposed changes include adding adaptive learning for self-study programs.


AICPA names 2019 Gold Medal Award of Distinction recipient

The American Institute of CPAs honored James Leisenring, senior advisor to FASB, with the organization’s highest honor.


China firm with accounting error used funds to trade shares

One of China’s largest listed drug makers said related parties used the firm’s funds to trade its shares, a day after the securities regulator alleged financial data had been fabricated.


Wayfair and beyond: Major sales tax issues for 2019

The landmark ruling has had a major impact, but there are other areas that witnessing upheaval.


New York bill may give access to Trump’s tax returns — and open door to target others

The state is on the cusp of enacting a law that could help congressional Democrats gain access to the president’s state tax returns.


Millennials and Gen Z less optimistic about future of traditional business, survey finds

Deloitte’s 2019 Millennial Survey found that young people around the world are less optimistic and trusting of traditional business models, the economy and other societal factors.


Opening a family office

If you have wealthy clients who need these kinds of services, it can be a gold mine for CPAs, according to John Napolitano.


Mnuchin rejects House subpoena for Trump’s tax records

Democrats will likely turn to the courts, embarking on a lengthy battle that could help define Congress’ powers to oversee the executive branch.