Tax loophole from 1960s could let wealthy tap 21% corporate rate

An obscure tax provision from the 1960s that was left untouched by President Donald Trump’s overhaul could let wealthy individual investors seize for themselves the largest corporate tax cut in U.S. history.


Accounting meets the gig economy: Leveraging the cloud for everyone's benefit

Technology can help engage the workforce and empower the employer, addressing the staffing crisis.


UHY Michigan donates $50K for 50th anniversary

The firm will also be sponsoring a pop-up exhibit on accounting at the Detroit Historical Society.


Companies see clearly without GAAP in their eyes

More and more companies say they can see the future, but only through their rainbow-tinted kaleidoscopes.


Tesla buyers hear clock ticking as $7,500 tax credit phases out

The clock is ticking for Tesla Inc. customers looking for incentives on their purchase.


Pass-through tax guidance delayed until end of July

U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction are likely to be delayed until the end of July, according to a senior administration official.


AICPA proposes to revise attestation standards

The Auditing Standards Board is thinking about relaxing some of the requirements for attest engagements.


NAEA sees lots of problems with new Form W-4

The National Association of Enrolled Agents has written a letter to the Internal Revenue Service strongly criticizing the draft version of the new Form W-4, the Employee’s Withholding Allowance Certificate, saying it raises privacy concerns and creates a “substantial risk of underwithholding.”


Sainsbury taps Deloitte veteran as chairman before Asda deal

U.K. grocer J Sainsbury Plc named Martin Scicluna as its chairman, tapping a former senior executive at accounting firm Deloitte as it prepares to add Walmart Inc.’s Asda unit in a 7.3 billion-pound ($9.7 billion) deal.


The far-reaching impact of South Dakota v. Wayfair

The U.S. Supreme Court recently issued an opinion in South Dakota v. Wayfair, Inc., overturning its earlier precedents in National Bellas Hess and Quill, and eradicating the decades-old “physical presence” requirement for sales and use tax nexus.