Accounting profession looks ahead to opportunities and risks

A panel of experts discussed the future of the profession during the Institute of Management Accountants’ conference in San Diego.

Talking change at AICPA Engage 2019

Jody Padar recaps her experience interviewing a number of thought leaders on the future of the accounting profession at the annual Engage conference in Las Vegas.

The data dilemma: Do financial institutions have enough data for CECL?

Data has always been the cornerstone of an accurate and compliant allowance for loan and lease losses (ALLL), and it will remain critical under the current expected credit loss model, or CECL.

Trump's tax cuts could die the hard way: A little at a time

Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly unravel the law — Democrats currently in power in the House and President Donald Trump’s trade policies.

Xero makes powerful partnerships for the future

Xerocon was a showcase of the achievements of the past year as much as it was about the roadmap for the future.

In the blogs: Spatter up

The day-off debate; SECURE’s flaw; IRS appeals mean a long wait; and other highlights from our favorite tax bloggers.

40% of QuickBooks users don’t have accountants

Intuit wants to put small businesses in touch with professional advisors, in more ways than one.

Trump’s tax law made Americans less charitable, nonprofits say

Americans gave less money to charities last year partly because the Republican tax law changes made many people ineligible for tax breaks that can inspire donations.

AICPA names 2019 'Outstanding Young CPA'

Elizabeth Pittelkow Kittner, head of finance at the International Legal Technology Association, was recognized for her efforts to advance the accounting profession.

FASB looking at delaying standards for private companies and nonprofits for 2 years

The Financial Accounting Standards Board is considering giving privately held companies and not-for-profit organizations an extra two years to implement standards.