BDO acquires AC Lordi

BDO USA LLP has acquired AC Lordi, a management consulting firm based in Philadelphia, adding 100 professionals to BDO’s offices in the Philly area, effective June 1.


Accountants are ready for a cultural shift

A new survey shows that business is booming, firms are recognizing the benefits of non-traditional hiring, and the attitude toward tech has moved from fear to anticipation.


FASB offers fair value option to ease CECL transition

The Financial Accounting Standards Board is giving banks some leeway in applying the new credit losses standard.


Mnuchin foresees Trump tax return fight heading to court

Treasury Secretary Steven Mnuchin indicated he would refuse a subpoena for President Donald Trump’s tax returns, saying that the dispute between Congress and the administration will likely end up in court.


Electric car tax credit bill will cost $16B, critics say

Extension a tax incentive for electric vehicle purchases could cost up to $15.7 billion, according to an analysis prepared by opponents.


Democrats try to extend wind, solar aid they agreed to let die

Tax credits worth billions of dollars for the wind and solar industries are set to expire or begin phasing out next year — part of a 2015 deal Democrats struck that ended a 40-year-old ban on the export of crude oil.


Wyden demands files on Trump tax fight from Mnuchin, IRS chief

The top Democrat on the Senate Finance Committee sent letters to the Treasury Secretary and IRS Commissioner requesting information on their refusal to provide the president’s tax returns and related documents.


In the blogs: Return madness

The CCH outage; dark influencers; prep and the military life; and other highlights from our favorite tax bloggers.


Trump lawyer urges judge to nix accounting records demand

The president’s lawyer pressed a federal judge to reject efforts by a Democrat-led congressional committee to obtain tax records from Mazars USA.


Senators introduce legislation to expand access to retirement plans

The bipartisan legislation aims to expand retirement savings by offering more tax incentives to individuals and small businesses.