Pentagon racks up $35T in accounting changes in one year

The Pentagon made $35 trillion in accounting adjustments last year alone — a total that’s larger than the entire U.S. economy and underscores the Defense Department’s continuing difficulty in balancing its books.

Pentagon racks up T in accounting changes in one year


Mnuchin uses auto tariff threats as leverage over digital taxes

Even as France indicated a willingness to postpone a disputed tax on technology companies, U.S. Treasury Secretary Steven Mnuchin dangled the prospect of retaliatory tariffs on automobile imports if the issue isn’t resolved.

Mnuchin uses auto tariff threats as leverage over digital taxes


Fordham University wins 19th annual 'FanTAXtic' competition

The student team succeeded against more than 40 other colleges and universities in Deloitte’s national case study tournament.

Fordham University wins 19th annual 'FanTAXtic' competition


AICPA drafts guidance for insurance standard

The American Institute of CPAs’ Financial Reporting Executive Committee has proposed several working drafts of its guidance on the long-duration insurance accounting standard for insurance companies.

AICPA drafts guidance for insurance standard


In the blogs: The coming grind

Popular forms’ deadlines; sharper eye on S corps; when restitution has mattered; and other highlights from our favorite tax bloggers.

In the blogs: The coming grind


FloQast raises $40M, looks forward to IPO

At first, FloQast focused on smaller businesses, but today its software serves companies ranging in size from 200 to 10,000 employees.

FloQast raises M, looks forward to IPO


Transforming business functions to meet complex sales tax challenges

Tax and finance leaders are now dealing with some unprecedented pressures coming from several sources.

Transforming business functions to meet complex sales tax challenges


CTCPA to honor seven 'Women's Awards' recipients

The Connecticut Society of CPAs will honor four “Distinguished Service” professionals and three “Women to Watch” at its inaugural CTCPA Women’s Awards Breakfast on Jan. 22.

CTCPA to honor seven 'Women's Awards' recipients


Macron, Trump may have tariff truce in 2020 digital tax spat

Presidents Emmanuel Macron and Donald Trump agreed to a truce in their dispute over digital taxes that will mean neither France nor the U.S. will impose punitive tariffs this year.

Macron, Trump may have tariff truce in 2020 digital tax spat


Maryland firm donates $100K to Towson University

Rosen, Sapperstein & Friedlander’s contribution will go toward expanding programs at the university’s College of Business and Economics.

Maryland firm donates 0K to Towson University