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6 Groups of Taxpayers Most Affected by Tax Reform
(CPA Practice Advisor) - Due to the tax reform passed in December, many taxpayers will be seeing tax changes in their 2018 tax return. Some changes are positive and some negative, and it is important to keep as updated...
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Lesson From The Tax Court: The Role Of State Law In Federal Taxation
(TaxProf Blog) - Even though federal tax is governed in the first instance by federal law, state law can still be quite important to the resolution of a federal tax controversy
How Accounting Firms Can Tap into Benefits of AI
(JofA) - The concept of artificial intelligence (AI) sometimes leads to contemplation of a future in which robots will do some of the most important jobs in the world.
Deceptive Non-GAAP Financials Will Lead to Future SEC Whistleblower Awards
(Accounting Today) - U.S. GAAP is a rules-based accounting standard that, some critics have argued, is not flexible enough to accurately reflect companies’ financial performances. Due to GAAP’s rigid requirements, and since rules are meant to be broken...
Big Four Facing Calls for U.K. Breakup
(CFO) - The Big Four accounting firms are facing pressure to break up their U.K. businesses after a scathing government report labeled them a “cozy club” with conflicts of interest embedded in their audit functions.
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If I Were an Auditor - A Second Life Accounting Music Video