Rapper DMX arrested for tax fraud

The rap singer DMX was arrested and charged with tax fraud for allegedly evading $1.7 million in taxes.


GOP may revive push to eliminate Obamacare taxes on the wealthy

Senate Republicans dropped efforts to eliminate three Obamacare taxes on the wealthy in their latest health-care bill—but the party may revive that push in a tax-overhaul plan later this year.


VSCPA outlines future in new initiative

The Virginia Society of CPAs’ ‘VSCPA2025’ framework will prepare members for the next eight years.


The three foundations of a strong firm culture

Differentiating your workplace is about much more than installing a ping-pong table in your breakroom.


EY adds Headwaters

Ernst & Young said Thursday that Headwaters SC, LP and its Family Enterprise Business Services practice are joining EY.


Why is strategy execution so difficult for CPA firms?

Many firms don’t have a living, breathing strategic plan that enables them to successfully navigate through their next two or three years.


Congress weighs tax reforms for small businesses

The House Ways and Means Tax Policy Subcommittee held a hearing Thursday to discuss how tax reform will affect small businesses, while a Senate Democrat introduced legislation to give new tax breaks to small businesses.


FASB changes accounting for ‘down round’ financial instruments

The Financial Accounting Standards Board has released an accounting standard update aimed at simplifying the accounting for financial instruments that have so-called “down round” features.


Tax consequences of domestic and foreign child adoptions

We favor Americans adopting American children from foster care when feasible, but current U.S. tax law benefits domestic and foreign adoptions.


Tax executives see tax reform as biggest challenge

An 85 percent majority of corporate tax executives perceive tax reform as the biggest challenge they’re facing in the months ahead, according to a new survey.