ACA penalties to continue

Despite all the talk from some in Washington, D.C., Obamacare is not going away — and neither are the responsibilities of employers to comply with the health care law.


Four areas where firms should succeed in a time of radical change

Thomson Reuters’ Scott Fleszar outlines how to take advantage of new opportunities and challenges in the profession.


AICPA sees financial satisfaction reaching all-time high

A record number of job openings and the strong stock market are boosting Americans’ sense of financial well-being — despite rising interest rates.


Accountants to Watch: Dr. Sean Stein Smith

The Lehman College professor hopes the accounting profession will be ‘completely transformed over the next decade.’


Senators introduce bill to make IRS more responsive

Senators Rob Portman, R-Ohio, and Ben Cardin, D-Md., introduced bipartisan legislation Thursday to make the Internal Revenue Service more accountable to taxpayers, as well as revive the IRS’s regulation of tax preparers, as a panel of tax experts testified before their subcommittee about improving tax administration at the IRS.


Companies with biggest lease obligations face new accounting standard

Walgreens, CVS and AT&T top the list of U.S. companies with the most operating lease liabilities that will need to be added to their balance sheets under the new leasing standard, according to a new report that ranks Fortune 1000 companies by their leasing obligations.


PCAOB announces 2018-19 scholarships

The Public Company Accounting Oversight Board will award one $10K scholarship each to 332 colleges and universities across the country.


KPMG ups the ante on summer perks

$500 gift cards, a barbecue package from Omaha Steaks, summer office parties, and early departures on Friday are among the rewards the firm is handing out.


GDPR, consent and other processing bases for accountants

One of the key changes introduced by the European Union’s General Data Protection Regulation relates to the issue of consent.


House passes repeal of medical device tax

The House approved a repeal of the Affordable Care Act’s medical device tax, along with a bill that prohibits the IRS from rehiring any employee who was fired for misconduct.