Monthly Archives: June 2019

Tax Fraud Blotter: Here comes the bribe

Justice done; Invented numbers; gone fishing; and other highlights of recent tax cases. Source: Payroll News

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The state of bookkeeping in 2019

A new Accounting Today survey dives into the intricacies of this core service of the accounting profession. Source: Payroll News

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House approves pay increase for IRS employees

The 3.1 percent hike includes workers at the Internal Revenue Service. Source: Payroll News

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CaseWare's new online accounting software incorporates AI

In addition to AI, which has made its way onto many accounting tools of late, the platform features real-time collaboration, automated workflows, and big data analytics as well. Source: Payroll News

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FASB proposes tweaks to CECL standard

The Financial Accounting Standards proposed some minor adjustments Thursday to the credit losses standard, also known as CECL because of its use of a Current Expected Credit Losses model. Source: Payroll News

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Measuring value is the next frontier for advisory practices

Listen carefully, and you can detect a change in the way that partners at the major firms talk about their consulting work. Source: Payroll News

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Ex-Tongaat official scrutinized in echo of Steinhoff accounting scandal

Tongaat Hulett Ltd. said South African police are investigating an unnamed former executive for his role in an accounting scandal that’s forced the sugar maker to restate financials and ask for its shares to be suspended. Source: Payroll News

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White House considers capital gains tax break that would benefit wealthy

The White House is developing a plan to cut taxes by indexing capital gains to inflation, according to people familiar with the matter, in a move that would largely benefit the wealthy and may be done in a way that … Continue reading

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Supreme Court upholds agency deference doctrine, for now

The case has applicability to all administrative agencies, including the IRS, and their ability to issue authoritative regulations and guidance. Source: Payroll News

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Accounting Today accepting 2019 MP Elite submissions

The annual list recognizes top leaders from accounting firms across the country. Source: Payroll News

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