ACI — June 2019: A return to optimism

After a modest decline last month, the Accountants Confidence Index bounced back strongly, rising by more than a point in both the short- and the mid-term.


Tax pros report ‘record-setting’ number of extensions

The TCJA and taxpayer confusion led to more returns than normal being scheduled for after April 15.


Taking the time to get to your ideal days

Accounting professionals are notorious for living by their work calendar — and that should change.


Trust begets opportunity for accountants in assurance

Susan Coffey discusses trust, value and opportunity in assurance at the 2019 AICPA Engage conference in Las Vegas.


Bill.com debuts AI-enabled business payments platform

The new suite that leverages artificial intelligence for end-to-end financial workflow automation.


Grant Thornton transitions CEO Mike McGuire to emeritus role

McGuire will serve as a “brand ambassador” for the firm, starting August 1, and GT will be led by Bradley J. Preber as interim CEO elect.


IRS warns of higher penalties for filing after June 14

The Internal Revenue Service issued a warning Friday to taxpayers who haven’t yet filed their 2018 tax returns.


SEC charges cryptocurrency company Longfin with accounting fraud

The Securities and Exchange Commission has added fraud charges to its previous charges against Longfin Corp., a defunct company that used to promote cryptocurrency and went public under dubious circumstances.


Large companies face few accuracy-related tax penalties from IRS

The Internal Revenue Service tends to impose relatively few accuracy-related penalties during audits of large businesses, according to a new report.


Executive pay clawbacks could backfire, says study

Clawbacks on incentive-based compensation for executives could lead to misconduct and misreporting of financial results, according to a new academic study.