Obamacare stakes rise at high court as election dooms easy fix

Democrats’ failure to secure a Senate majority in last week’s election has heightened the importance of Tuesday’s Supreme Court showdown over the Affordable Care Act, increasing the chances the court will get the final word on a law that provides health insurance to 20 million people.

Obamacare stakes rise at high court as election dooms easy fix


Sotheby’s sued by New York for helping client avoid taxes

The auction house was accused of helping a wealthy shipping company owner avoid paying income taxes on artwork he purchased.

Sotheby’s sued by New York for helping client avoid taxes


Access Denied: Underserved or ignored?

Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans.

Access Denied: Underserved or ignored?


Tax Strategy: Post-election tax planning

Biden’s win brings some clarity, but the uncertain state of the Senate leaves questions.

Tax Strategy: Post-election tax planning


Stimulus and McConnell will likely inhibit Biden’s tax plan

President-elect Joe Biden has pledged to repeal President Donald Trump‘s tax cuts as soon as he is inaugurated, but the ongoing financial crisis and the prospect of a Republican-controlled Senate could waylay that proposal for the foreseeable future.

Stimulus and McConnell will likely inhibit Biden’s tax plan


IPSASB pushes back dates of public sector accounting standards due to coronavirus

The International Public Sector Accounting Standards Board has deferred the effective dates of several upcoming standards and amendments amid the COVID-19 pandemic.

IPSASB pushes back dates of public sector accounting standards due to coronavirus


Tax uncertainty likely to continue past election

Eighty percent of the business leaders surveyed by BDO in the Americas said the focus of tax legislation changes constantly as the result of the elected party and/or it is difficult to predict.

Tax uncertainty likely to continue past election


Forget about LIFO and FIFO. Your new job is NIFO

Most CPAs I know don’t think of themselves as being on their clients’ advisory board, but they are.

Forget about LIFO and FIFO. Your new job is NIFO


Employers added 638K jobs in October, including 1.4K in accounting

Unemployment declined 1 percentage point to 6.9 percent as the economy continues a slow recovery despite the ongoing COVID-19 pandemic.

Employers added 638K jobs in October, including 1.4K in accounting


Accounting Today calls for participants in ‘Year Ahead’ survey

The annual study will look at accounting firms’ plans, expectations and concerns for 2021.

Accounting Today calls for participants in ‘Year Ahead’ survey