Major changes to estate and gift taxes are periodically a topic of discussion in Congress and the popular press. The Tax Cuts ...

FASB News Proposal to Clarify 34 Narrow Accounting Issues In a move aimed at bringing greater accuracy to financial reporting, FASB voted on September 18 ...

IRS determined that a worthless stock loss did not occur within a disaster area and was, therefore, not deductible. The ...

FASB News GAAP Codification Improvements to be Deliberated FASB is set to convene on September 18 to deliberate on ...

Corporate mergers and acquisitions create practical and legal considerations as to whether to terminate, merge, or maintain the 401(k) plan of an acquired entity. A decision to terminate, merge, or ...

Talking about Diversity, Equity and Inclusion (DEI) in the accounting space has always been a politically charged affair. It is an area I am passionate about, but not to the extent of silencing voices ...

The AICPA’s Auditing Standards Board (ASB) discussed a draft proposal to revise its standard on fraud during a meeting on August 22. According to a workplan discussed in May, the ASB is aiming to ...

Many CPA firms report that advisory and consulting operations have become their fastest-growing segments due to high client demand—and high margins—for these ...