CPAs lobby Congress on tax and accounting issues

The American Institute of CPAs dispatched hundreds of CPAs to lobby their state and local lawmakers on Capitol Hill this week in conjunction with the AICPA’s Spring Meeting of Council in Washington, D.C.


Court rules John Doe summons to identify law firm clients isn’t barred by attorney-client privilege

A federal court in Texas is allowing the IRS to learn the identities of clients it suspects of structuring offshore entities to avoid U.S. taxes.


Accounting firms’ consulting revenue surpasses $25B

Consulting dollars at U.S. firms increased 9 percent in 2018, according to a new report.


Which business entity your clients have matters a lot to their taxes

Small businesses across America are asking the same question: Am I operating in the correct entity to maximize tax savings?


KPMG fights ‘gargantuan’ $16M fine sought over BNY Mellon

The firm said the fine should be just a fraction of that size, at 1.4 million pounds.


GASB proposes guidance to account for cloud computing and IT subscriptions

The Governmental Accounting Standards Board proposed new guidance on how state and local governments should handle the accounting and financial reporting for cloud computing and similar subscription-based information technology arrangements.


Workload compression is biggest concern of CPA firms

CPA firms were more concerned about various impacts of workload compression than with updating their clients and staff about the latest tax law changes, according to a new survey.


Deloitte offers e-communications monitoring product to help prevent fraud

Deloitte has expanded its strategic alliance with Relativity to offer Relativity Trace, a compliance monitoring application, to help clients detect and mitigate violations of industry regulations and organizational e-communication policies.


Call for Submissions: Accounting Today's 2019 VAR 100

It’s that time of the year again — Accounting Today is putting together its VAR 100 ranking of the top value-added resellers of accounting and accounting-related software by revenue.


Johnston: Accountants need to change — carefully

Kicking off XCM’s user conference, Randy Johnston and Mike Sabbatis see technology reshaping the accounting profession.