The IRS is ‘back to its new normal’

NCCPAP’s Stephen Mankowski offers an update on how the service is handling the pandemic.

The IRS is ‘back to its new normal’


PCAOB announces 2020-21 scholarship recipients

The Public Company Accounting Oversight Board announced that 234 U.S. accounting students were selected to receive $10,000 scholarships.

PCAOB announces 2020-21 scholarship recipients


Big Four urged to challenge clients as audit quality slides in U.K.

The dominant accounting firms must do a better job of challenging their clients in order to reach a satisfactory level of audit quality, the industry’s U.K. watchdog said.

Big Four urged to challenge clients as audit quality slides in U.K.


EU open to prolonged digital tax talks to avoid trade war

The European Union may delay digital tax proposals to give countries move time to hammer out a deal and avert a transatlantic trade war, a top official from the bloc said.

EU open to prolonged digital tax talks to avoid trade war


IRS victories in conservation easement cases spurs interest in settlement offers

The Tax Court struck down four more abusive syndicated conservation easement transactions last week, prompting the IRS to call on any taxpayer involved in such transactions who receives a settlement offer from the Service to accept it soon.

IRS victories in conservation easement cases spurs interest in settlement offers


Int'l task force sees success in cracking down on tax crimes

A group of five national tax authorities has been working together for the past two years on cooperating in the fight against tax crimes, with one man pleading guilty last week in Germany to fraud charges involving cryptocurrency.

Int'l task force sees success in cracking down on tax crimes


Decreased revenues and profits weigh on finance pros during coronavirus

Managing cash flow has become the top priority for financial professionals as their businesses have seen significant drops in cash flow, revenue and profits amid the COVID-19 pandemic, according to a new survey.

Decreased revenues and profits weigh on finance pros during coronavirus


Deloitte opens legal business services practice in U.S.

Deloitte has opened a legal business services practice in the U.S., expanding a line of business it has offered abroad.

Deloitte opens legal business services practice in U.S.


Art of Accounting: Must-read books on managing a practice

Management of an accounting practice (MAP) articles and books offer a wealth of information, shared experiences, best practices and hard-learned secret sauces yet they are not taken advantage of by a large majority of accountants.

Art of Accounting: Must-read books on managing a practice


Millionaires ask for higher taxes to help pay for coronavirus aid

Dozens of millionaires from the U.S. and six other countries have a message for their governments: “Tax us. Tax us. Tax us.”

Millionaires ask for higher taxes to help pay for coronavirus aid