Will the boom in consulting fees keep going for Big Four firms?

The good times continue to roll for management consultants, especially with tax reform.


Avalara IPO soars, some analysts say ‘overpriced’

Originally estimated at $180 million, the tax software company’s initial public offering has brought in almost $285 million.


EITF reaches consensus on accounting for cloud computing costs

The Financial Accounting Standards Board’s Emerging Issues Task Force has made decisions on some new rules.


People & firms on the move: AICPA bestows awards at Edge Conference

Grant Thornton names first national managing principal of innovation; Postlethwaite & Netterville promotes three to director; and more personnel and CPA office news.


A refined approach to inventory valuation

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations.


IRS plans to further delay foreign currency tax rules

The Internal Revenue Service and the Treasury Department are going to amend the Section 987 regulations to postpone them for another year.


AICPA recommends items for IRS priority guidance plan

The American Institute of CPAs sent a list of more than 150 recommendations for the Internal Revenue Service to add to its Priority Guidance Plan where it would like to see the IRS provide more clarity, with a particular spotlight on the Tax Cuts and Jobs Act.


EY looks at future of the tax and finance function

Ernst & Young has released a study on some trends it is seeing at companies around the world.


Tax tips for small businesses

The NAEA offers advice to help owners deal with both reform and their perennial tax burden.


Trump used charity as his checkbook, N.Y. says as it flags IRS

President Donald Trump’s personal charity repeatedly and willfully broke state and federal laws by engaging in a decade-long pattern of self-dealing that culminated in illegal coordination with his political campaign, New York alleged in a scathing lawsuit.