ACCA and IMA find accountants losing business confidence

Business confidence in the U.S. declined in the second quarter and is now at its lowest level since the fourth quarter of 2016, according to a new report from the Association of Chartered Certified Accountants and the Institute of Management Accountants based on a survey of accountants.


Senate GOP to roll the dice on health vote at Trump’s urging

Senate Republican leaders and President Donald Trump appear determined to begin a floor debate Tuesday on repealing Obamacare in a highly unorthodox way—without lawmakers knowing what they’ll be voting on or where it might end up.


Deloitte pledges $1M towards accounting education

The Big Four firm will further support seminars for PhD candidates and educators.


Tax fraud involving prisoners remains a major problem

More than 24,000 fraudulent tax returns were filed in 2015 using a prisoner’s Social Security Number, claiming refunds totaling over $1.3 billion, according to a new report.


As Sarbanes-Oxley nears 15-year anniversary, ethics fall short

The Sarbanes-Oxley Act was signed into law on July 30, 2002 and has led to vast changes in the accounting profession, although not necessarily in corporate ethics.


Tax Court tells Dolphins owner to sleep with the fishes

The Tax Court has denied a claimed charitable deduction of $33,019,000 by RERI Holdings, whose principal investor is Miami Dolphins owner Stephen Ross.


IRS to pilot test web videoconferences for tax appeals

The Internal Revenue Service’s Office of Appeals plans to test a web-based videoconferencing option for taxpayers and their representatives to hold virtual face-to-meetings with IRS appeals officers without going to the IRS’s offices.


Art of Accounting: First-time partner, part 2

You may or may not feel different the first day you wake up as a partner, but you will be different.


What’s your firm worth?

When it comes to practice sales, there are five factors to consider, according to Joel Sinkin, president of Transition Advisors.


Receipt Bank receives $50M in funding, promises further AI investment

CEO says investment comes at a “pivotal point” for bookkeeping services.