GASB offers implementation guide on lease accounting

The Governmental Accounting Standards Board has released questions and answers about the recent standard on accounting and financial reporting for leases by state and local governments.


FASB issues proposal to delay new standards

The board wants to give private companies, nonprofits, and certain small public companies extra time to implement new standards on CECL, leases and hedging.


Non-accountants comprise 31 percent of new hires in firms, report finds

The AICPA’s “2019 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits” also found high collegiate accounting enrollment numbers, as well as boosts in diverse accounting graduates.


Reality TV stars Todd and Julie Chrisley indicted for tax evasion

Todd and Julie Chrisley, the stars of the reality TV series “Chrisley Knows Best,” were indicted by a federal grand jury in Atlanta on charges of tax evasion, bank fraud, wire fraud and conspiracy, while their accountant Peter Tarantino was also indicted on tax-related charges Tuesday.


Beyond the hype: How AI is being used by accountants today

Few ideas in the last decade have provoked as much excitement — or as much misinformation — as the introduction of artificial intelligence in tax and accounting.


IRS axes estimated tax penalties for 400,000 taxpayers

The Internal Revenue Service is automatically waiving the estimated tax penalty for hundreds of thousands of eligible taxpayers.


‘Batman,’ Spielberg films land tax breaks to shoot in New Jersey

The state approved incentives for major films by two of Hollywood’s biggest studios.


Sports Direct plunges as auditor leaves without a successor

The U.K. retailer plunged after its audit quit without a replacement, heightening corporate governance concerns.


In the blogs: Unresolved issues

Taxpayer defined; W-4 2.0; cryptocurrency and FBAR; and other highlights from our favorite tax bloggers.


Senate committee reports on future of tax extenders

Leaders of the Senate Finance Committee issued three reports from their internal task forces examining what to do about expiring tax breaks.