March 21, 2018
Medical Expense Deduction

It’s Now Easier to Qualify for the Medical Expense Deduction

If you haven’t checked whether your medical expenses could get you a tax break on your 2017 return, it might be worth the chore of digging through records and tallying […]
March 21, 2018
Tax Scams

Phone Scams and Phishing Featured in 2018’s Dirty Dozen Tax Scams

The IRS released its updated 2018 list of the top 12, or “Dirty Dozen,” tax scams on Tuesday. Like last year’s list, the biggest story this tax season was phishing […]
March 21, 2018
Internal Revenue Service

H&R Block: IRS More Likely to Question Returns Than Taxpayers Think

Clients may come in having heard that the IRS actually audits relatively few returns. But the IRS is more than six times more likely to challenge returns than is commonly […]
March 21, 2018
Tax Deduction

No One’s Sure Who Qualifies for This $415B Tax Deduction

Congressional Republicans created a juicy new tax break for business owners when they rewrote the U.S. tax code late last year. Three months later, hundreds of thousands of U.S. employers […]
January 23, 2018
Accounting Scandal

Ex-Accounting Regulators Accused of Leaking Information to KPMG

The U.S. regulator overseeing auditors was rocked by criminal charges as federal prosecutors accused three former employees of leaking inside information to KPMG LLP so it could improve its audit results. The […]
January 23, 2018
FASB Accounting Guidance

FASB Offers More Accounting Guidance on New Tax Law

The Financial Accounting Standards Board has posted four more Staff Q&A documents dealing with various financial accounting and reporting implementation issues stemming from the Tax Cuts and Jobs Act, the […]
January 23, 2018
Future of Accounting

Why Artificial Intelligence Is the Future of Accounting

After decades stuck in research labs, artificial intelligence (AI) is ready for prime-time, transforming if not disrupting all the sectors of the economy that generate lots of data (big data), […]
January 18, 2018
Institute of Internal Auditors

IIA Updates Certification Exam for Internal Auditors

The Institute of Internal Auditors is updating its Certified Internal Auditor exam with more content on subjects such as cybersecurity and information technology. The three-part CIA exam aims to test […]
January 18, 2018
Accounting Firm

One Accounting Firm Wants to Hire Retirees

Mandatory retirement might seem like a relic but it remains common at accounting firms. Most top firms require partners to exit between the ages of 60 and 66. One firm […]