Seattle poised to repeal tax on Amazon and large employers

Under pressure from businesses and homeowners, the Seattle City Council is poised to repeal a tax on large employers like Amazon.com Inc. less than a month after it passed the tax unanimously.


When is a debt worthless – and tax deductible?

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it.


Art of Accounting: My clients get the ‘Ed Mendlowitz factor’ gratis

When a client engages me for any type of service, there are specific descriptions of what we will do and the goal or end result of the services. What is not figured in is “the Ed Mendlowitz factor.”


A strategy for strategic retreats

Getting partner meetings to yield results requires some extra attention, according to Dom Esposito.


Inside the new rules on hosting services and attest clients

An amendment to the AICPA Code of Conduct requires CPAs to re-examine the nonattest services they offer.


COSO supplements ERM Framework with industry examples

The Committee of Sponsoring Organizations of the Treadway Commission has added to its widely used Enterprise Risk Management Framework.


Thomson Reuters offers tax reform toolkit

Thomson Reuters has introduced the Checkpoint Tax Cuts and Jobs Act Toolkit to help accounting firms advise clients about the new tax law.


Deloitte is said to find Dubai’s Abraaj commingled $95M

The Middle Eastern investment firm has been roiled by allegations of misused funds.


Puerto Rico tax deal gives federal board power over use of cash

The deal to steer some ofthe territory’s future sales taxes to a key group of bondholders puts a U.S. oversight board in charge.


Colleges get tax reprieve in push to value endowment assets

Private universities won’t be taxed on unrealized income from their billions of dollars in assets before the levy was approved.