Incoming GASB chair’s lack of state audit experience prompts questions

When Joel Black succeeds David Vaudt as chair on July 1, none of the board’s seven members will have served as a state auditor or treasurer.

Incoming GASB chair’s lack of state audit experience prompts questions


IRS says it will not extend tax filing deadline beyond July 15

The Internal Revenue Service won’t further delay the tax filing and payment deadline past July 15, despite requests to do so, the agency said Monday.

IRS says it will not extend tax filing deadline beyond July 15


SASB opens new project to set standards for plastics reporting

The Sustainability Accounting Standards Board voted during an online meeting last week to open a new standard-setting project to address single-use plastics and bio-alternatives in the chemicals and pulp and paper industries.

SASB opens new project to set standards for plastics reporting


New Taxpayer Advocate sees tax challenges from CARES Act

National Taxpayer Advocate Erin Collins released her first report to Congress Monday, discussing some of the difficulties confronting taxpayers and the IRS during the COVID-19 pandemic.

New Taxpayer Advocate sees tax challenges from CARES Act


Art of Accounting: Developing a niche or specialty

It is important to develop a specialty, but it needs to be balanced with the needs of the practice and your interests.

Art of Accounting: Developing a niche or specialty


Handling your own mistakes

Every accountant and financial planner will make mistakes, says John Napolitano of U.S. Wealth Management — the question is how you handle them.

Handling your own mistakes


Corporate audits fell 71% as coronavirus crippled IRS

The IRS initiated 71 percent fewer corporate audits this spring compared with the same time period a year ago as the coronavirus pandemic halted many agency operations.

Corporate audits fell 71% as coronavirus crippled IRS


Ease up on multiple CAF requests, IRS asks

Multiple submissions for access to the same account slows processing times.

Ease up on multiple CAF requests, IRS asks


Luckin seeks chairman’s resignation amid accounting scandal

Luckin Coffee Inc.’s board will require Chairman Charles Zhengyao Lu to resign, adding to the fallout from an accounting scandal that has battered the onetime market darling.

Luckin seeks chairman’s resignation amid accounting scandal


The top 3 state and local tax issues created by remote workers

Business leaders and accountants should understand three significant SALT issues, if they’re expecting an increase of remote employees working in new state or local tax jurisdictions this year.

The top 3 state and local tax issues created by remote workers