Accounting Today - Best of the Week

Best of the Week

Jul 20, 2019

FASB to propose delays in major accounting standards

By Michael Cohn

The Financial Accounting Standards Board voted Wednesday to propose to delay some of its major accounting standards — including credit losses, leases, hedging and long-duration insurance contracts — for private companies, nonprofits and small reporting companies.

Art of Accounting: Female staff are smarter than male staff

By Edward Mendlowitz

Why are there far fewer women partners than men partners in CPA firms?

Hacking 2Fa: 10 tech stories you may have missed

By Gene Marks

H&R Block acquired an accounting platform, Facebook got into cryptocurrency, and eight other developments in technology this past month.

More questions about how Jeffrey Epstein got island-owning rich

By Joe Nocera

In the short term, the judge and the government need a full accounting of Epstein’s wealth as part of the bail determination.

Data defense: 10 tips for tax security

By Jeff Stimpson

The IRS and its Security Summit partners offer critical steps for keeping client information safe.

AICPA recommends changes in accounting for small-biz taxpayers

By Michael Cohn

The American Institute of CPAs has sent a set of recommendations to the Internal Revenue Service about accounting methods for small-business taxpayers and how to determine whether a taxpayer qualifies as a small business.

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7 ways to take advantage of a summer slowdown at your firm

By Nellie Akalp

Summer is a blissful time of year, but it can also be a tough season to be an accountant.

Sex toys allowed, not massages, in fine print of Trump tax break

By Noah Buhayar

Liquor stores can’t claim a hot new U.S. tax break designed to create jobs in poor communities. One of the biggest property developers for marijuana ventures says it can.

IRS expands HSA benefits for chronic conditions

By Jeff Stimpson

High-deductible plans can now offer a number of new preventive care benefits.

Senate passes tax treaties with Spain, Switzerland, Japan and Luxembourg

By Michael Cohn

Lawmakers overcame objections from Sen. Rand Paul who had held up the treaties over fears that they could jeopardize U.S. taxpayers’ privacy.

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