Nonprofits face challenges with operating reserves and liquidity

Nonprofits are confronting a host of challenges, including the threat of spending cuts from the federal government that could severely tighten their budgets and ability to serve their communities.


McConnell scrambles to win GOP votes on troubled health bill

Senate Majority Leader Mitch McConnell may have bought himself some time by delaying a vote on his embattled health-care bill, but he faces a difficult and narrow path in trying to deliver on seven years of promises to repeal Obamacare and its taxes.


The 2022 accountant

How intelligent technology will help the professional of the future become the trusted advisor the accounting profession has been talking about for years.


Hot tax-avoidance plan joins millionaires, hedge funds, insurers

The new hot thing in tax avoidance has a boring old name: insurance dedicated funds.


AICPA and Ad Council launch new financial literacy game

Yesterday’s Tomorrow will teach millennials lifelong monetary decisions in an interactive experience.


CPA.com and Bill.com extend multiyear partnership

The agreement specifies that the billing software company will continue to make the accounting profession a priority beyond 2025.


In the blogs: Bruins 2, IRS 0

‘Nobody likes lawyers;’ attacks on the CBO; so you want to be a tax preparer?; and other highlights from our favorite tax bloggers.


Hockey team’s pregame meals fully deductible as de minimis fringe benefit

The Tax Court has ruled that the owners of the Boston Bruins professional hockey team may deduct the entire cost of away game pregame meals as a de minimis fringe benefit.


Companies off to a slow start on lease accounting standard

Many companies are lagging behind on preparations for the new lease accounting standard as they are still working on the revenue recognition standard, according to a pair of new surveys.


Art of Accounting: Getting started—how to determine your hourly rate

As a follow-up to last week’s column on determining what to charge, this column will explain a way to determine your hourly rate should you decide to bill using that method.