Tax Fraud Blotter: Her little secrets

A little off the top; noted; over the Edge; and other highlights of recent tax cases.

Tax Fraud Blotter: Her little secrets


M&A roundup: Double mergers, and more

UHY Advisors and UHY LLP merged in Pattison, Koskey, Howe and Bucci, CPAs; MBAF expanded its tax and accounting practice by adding Kramer & Associates; and Fiondella, Milone & LaSaracina merged in Viola Chrabascz Reynolds and Formica & Dobkin.

M&A roundup: Double mergers, and more


FASB clarifies accounting for equity securities

The Financial Accounting Standards Board has issued a standards update aimed at clarifying the interaction between the rules related to equity securities, equity method investments and certain derivatives.

FASB clarifies accounting for equity securities


State sales and use tax changes in 2019 and what to expect in 2020

The year 2019 was a continuation of the banner year of 2018 for major law and administrative changes in sales and use tax compliance, inspired and driven in large part by the Supreme Court’s decision in South Dakota v Wayfair.

State sales and use tax changes in 2019 and what to expect in 2020


ACCA launches 'wellbeing hub' for students' mental health

The Association of Chartered Certified Accountants will provide mental health, lifestyle and community support as part of a new online resource.

ACCA launches 'wellbeing hub' for students' mental health


IRS offers tax relief for student loan debt discharges

The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged.

IRS offers tax relief for student loan debt discharges


USC professor honored with AAA 2020 Lifetime Contribution Award

Professor S. Mark Young, the George Bozanic and Holman G. Hurt chair in sports entertainment business and professor of accounting at the University of Southern California, was recognized for his contributions to management accounting education.

USC professor honored with AAA 2020 Lifetime Contribution Award


IRS leaker who outed Michael Cohen’s banking secrets is spared jail time

A former Internal Revenue Service analyst persuaded a judge not to send him to prison for leaking confidential government records on suspicious banking activity by President Donald Trump’s former lawyer Michael Cohen.

IRS leaker who outed Michael Cohen’s banking secrets is spared jail time


Expense management vendors unite to form Emburse

A group of six travel and expense management software vendors — Abacus, Captio, Certify, Chrome River, Nexonia and Tallie — have come together under a single company, Emburse, in an effort to challenge SAP Concur.

Expense management vendors unite to form Emburse


FASB is the villain!

The ability to explain accounting clearly is the power that will make accountants superheroes.

FASB is the villain!