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Accounting Today Accounting Today, a SourceMedia brand, is the independent news and information resource for tax and accounting professionals.

Accounting Today, a SourceMedia brand, informs and equips accountants with the news, insights and best practices they need to work smarter, capture and keep clients, and drive growth and profitability.

Mission: Accounting Today, a SourceMedia brand, informs and equips accountants with the news, insights and best practices they need to work smarter, capture and keep clients, and drive growth and profitability.

Join us to learn the insights gained and pitfalls to avoid from hundreds of successful lease accounting compliance proje...
06/20/2019

Join us to learn the insights gained and pitfalls to avoid from hundreds of successful lease accounting compliance projects. https://trib.al/lnRCPal

It's estimated that the failure rate among new lease accounting compliance projects is an astonishing 25%. https://trib....
06/19/2019

It's estimated that the failure rate among new lease accounting compliance projects is an astonishing 25%.

https://trib.al/adCgunN

At AICPA's Engage conference, Maryland Association of CPAs - MACPA's Bill Sheridan shared which topics need to be discus...
06/19/2019
Eight simple questions to narrow in on your firm’s vision

At AICPA's Engage conference, Maryland Association of CPAs - MACPA's Bill Sheridan shared which topics need to be discussed when defining your business.

At AICPA's Engage conference, MACPA's Bill Sheridan shared which topics need to be discussed when defining your business.

Congress is considering plenty of bills — how many will be passed is another question.
06/19/2019
A mid-year tax legislation update

Congress is considering plenty of bills — how many will be passed is another question.

Congress is considering plenty of bills -- how many will be passed is another question.

Tom Wheelwright sees value-added taxes as a cause of current tariff troubles.
06/19/2019
Is VAT a villain?

Tom Wheelwright sees value-added taxes as a cause of current tariff troubles.

Tom Wheelwright sees value-added taxes as a cause of current tariff troubles.

GASB released an implementation guide explaining its recently issued standards on accounting and financial reporting for...
06/18/2019
GASB offers implementation guide on fiduciary activities

GASB released an implementation guide explaining its recently issued standards on accounting and financial reporting for fiduciary activities.

The Governmental Accounting Standards Board released an implementation guide Monday with questions and answers explaining GASB’s recently issued standards on accounting and financial reporting for fiduciary activities.

Americans gave less money to charities last year partly because the Republican tax law changes made many people ineligib...
06/18/2019
Trump’s tax law made Americans less charitable, nonprofits say

Americans gave less money to charities last year partly because the Republican tax law changes made many people ineligible for tax breaks that can inspire donations.

Americans gave less money to charities last year partly because the Republican tax law changes made many people ineligible for tax breaks that can inspire donations.

The Supreme Court decision is groundbreaking, but it isn't the only news in sales tax, as Avalara's Scott Peterson expla...
06/18/2019
Wayfair and beyond

The Supreme Court decision is groundbreaking, but it isn't the only news in sales tax, as Avalara's Scott Peterson explains on our latest podcast episode.

The Supreme Court decision is groundbreaking, but it isn't the only news in sales tax: Avalara's Scott Peterson dives into a handful of other issues your clients need to know about.

Congress is considering plenty of bills — how many will be passed is another question.
06/17/2019
A mid-year tax legislation update

Congress is considering plenty of bills — how many will be passed is another question.

Congress is considering plenty of bills -- how many will be passed is another question.

The SEC charged the firm with changing some of its previous audit work and manipulating results of its internal training...
06/17/2019
KPMG to pay $50M for cheating on PCAOB exams

The SEC charged the firm with changing some of its previous audit work and manipulating results of its internal training tests.

The Securities and Exchange Commission charged the firm with changing some of its previous audit work and manipulating results of its internal training tests.

AFWA releases 2019 Accounting MOVE Project Report and Best Accounting Firms for Women lists; AICPA graduates 99 minority...
06/15/2019
Firms on the move: ConvergenceCoaching celebrates 2019 graduating class

AFWA releases 2019 Accounting MOVE Project Report and Best Accounting Firms for Women lists; AICPA graduates 99 minority students from leadership workshop; and more CPA news.

AFWA releases 2019 Accounting MOVE Project Report and Best Accounting Firms for Women lists; AICPA graduates 99 minority students from leadership workshop; and more CPA news.

If liberal and conservative advocacy groups can agree on anything, it’s this: A suite of more than three dozen or so c...
06/14/2019
Congress may kill some hated special-interest tax breaks for good this year

If liberal and conservative advocacy groups can agree on anything, it’s this: A suite of more than three dozen or so corporate tax breaks that have expired over the past two years should stay dead.

If liberal and conservative advocacy groups can agree on anything, it’s this: A suite of more than three dozen or so corporate tax breaks that have expired over the past two years should stay dead.

The Senate approved the far-reaching Taxpayer First Act only days after it passed the House for the second time, sending...
06/14/2019
Congress passes IRS reform legislation

The Senate approved the far-reaching Taxpayer First Act only days after it passed the House for the second time, sending it to President Trump’s desk for his signature.

The Senate passed the far-reaching package only days after it passed the House for the second time, sending it to President Trump’s desk for his signature.

As the profession transforms, so do the skills and talent needed to serve tomorrow's clients — from those with a licen...
06/13/2019
The accounting professional of the future: Non-CPAs?

As the profession transforms, so do the skills and talent needed to serve tomorrow's clients — from those with a license and those without.

As the profession transforms, so do the skills and talent needed to serve tomorrow's clients — from those with a license and those without.

Accountants should transform their services now, before they have to, say Erik Asgeirsson and Mark Koziel.
06/13/2019
Forget disruption — aim for transformation

Accountants should transform their services now, before they have to, say Erik Asgeirsson and Mark Koziel.

Accountants should transform their services now, before they have to, say Erik Asgeirsson and Mark Koziel.

Seven insights from the latest IRS Survey on Taxpayer Attitudes.
06/13/2019
What taxpayers really think

Seven insights from the latest IRS Survey on Taxpayer Attitudes.

7 insights from the latest IRS Survey on Taxpayer Attitudes.

We'll review critical information for successful new lease accounting transition projects! https://trib.al/KNXV9AP
06/13/2019

We'll review critical information for successful new lease accounting transition projects! https://trib.al/KNXV9AP

Luca Pacioli’s groundbreaking text on bookkeeping, accounting and mathematics, sold for $1,215,000 at an auction Wedne...
06/12/2019
Pacioli’s pioneering accounting book sold at auction for $1.2M

Luca Pacioli’s groundbreaking text on bookkeeping, accounting and mathematics, sold for $1,215,000 at an auction Wednesday at Christie’s in New York.

Luca Pacioli’s groundbreaking text on bookkeeping, accounting and mathematics, sold for $1,215,000 at an auction Wednesday at Christie’s in New York.

Bipartisan legislation to overhaul key aspects of the way the IRS operates has advanced a second time, minus a controver...
06/12/2019
House passes IRS reform bill again, this time without Free File provision

Bipartisan legislation to overhaul key aspects of the way the IRS operates has advanced a second time, minus a controversial section.

The House voted for a second time to approve bipartisan legislation to overhaul key aspects of the way the IRS operates, but without a controversial provision.

The president’s personal lawyers told the court it must reverse a judge’s ruling allowing the House Oversight and Re...
06/12/2019
Trump urges appeals court to reverse House access to accounting records

The president’s personal lawyers told the court it must reverse a judge’s ruling allowing the House Oversight and Reform Committee to subpoena financial records from his accounting firm.

The president’s personal lawyers told the court it must reverse a judge’s ruling allowing the House Oversight and Reform Committee to subpoena financial records from his accounting firm.

States like New York and New Jersey that hoped to help residents circumvent the new $10,000 limit on state and local tax...
06/12/2019
Treasury deals final blow to SALT cap workarounds in high-tax states

States like New York and New Jersey that hoped to help residents circumvent the new $10,000 limit on state and local taxes won't be able to do so.

States like New York and New Jersey that hoped to help residents circumvent the new $10,000 limit on state and local taxes won't be able to do so.

Susan Coffey discusses trust, value and opportunity in assurance at the 2019 AICPA Engage conference in Las Vegas.
06/10/2019
Trust begets opportunity for accountants in assurance

Susan Coffey discusses trust, value and opportunity in assurance at the 2019 AICPA Engage conference in Las Vegas.

Susan Coffey discusses trust, value and opportunity in assurance at the 2019 AICPA Engage conference in Las Vegas.

After a modest decline last month, the Accountants Confidence Index bounced back strongly, rising by more than a point i...
06/10/2019
ACI — June 2019: A return to optimism

After a modest decline last month, the Accountants Confidence Index bounced back strongly, rising by more than a point in both the short- and the midterm.

After a modest decline last month, the Accountants Confidence Index bounced back strongly, rising by more than a point in both the short- and the mid-term.

EY appoints new global vice chair of public policy; KPMG hires principal in federal legislative and regulatory services;...
06/08/2019
People on the move: Wipfli names new MP, promotes several

EY appoints new global vice chair of public policy; KPMG hires principal in federal legislative and regulatory services; and more personnel news.

EY appoints new global vice chair of public policy; KPMG hires principal in federal legislative and regulatory services; and more personnel news.

The former COO of the IFRS will be chairing the International Auditing and Assurance Standards Board after the previous ...
06/07/2019
IAASB finally gets new chair

The former COO of the IFRS will be chairing the International Auditing and Assurance Standards Board after the previous choice abruptly backed away from taking the post.

The former COO of the IFRS will be chairing the International Auditing and Assurance Standards Board after the previous choice abruptly backed away from taking the post.

Clawbacks on incentive-based compensation for executives could lead to misconduct and misreporting of financial results,...
06/07/2019
Executive pay clawbacks could backfire, says study

Clawbacks on incentive-based compensation for executives could lead to misconduct and misreporting of financial results, according to a new academic study.

Clawbacks on incentive-based compensation for executives could lead to misconduct and misreporting of financial results, according to a new academic study.

The president's trade wars have already eliminated all but $100 of the average American household’s windfall from Trum...
06/07/2019
Trump’s tariffs have already wiped out tax bill savings for average Americans

The president's trade wars have already eliminated all but $100 of the average American household’s windfall from Trump’s 2017 tax law. And that’s just the beginning.

The president's trade wars have already elimianted all but $100 of the average American household’s windfall from Trump’s 2017 tax law. And that’s just the beginning.

Former Hewlett-Packard head Meg Whitman was accused of "trashing" the reputation of Autonomy founder Mike Lynch without ...
06/07/2019
Ex-HP head Meg Whitman accused of ‘trashing’ Mike Lynch’s reputation

Former Hewlett-Packard head Meg Whitman was accused of "trashing" the reputation of Autonomy founder Mike Lynch without understanding whether fraud had been committed at the firm he sold for $11 billion.

Former Hewlett-Packard Co. head Meg Whitman was accused of "trashing" the reputation of Autonomy founder Mike Lynch without understanding whether fraud had been committed at the firm he sold for $11 billion.

The outlook for the U.S. and global economy is getting gloomier, according to a new survey by the AICPA.
06/06/2019
CPA business execs lower expectations for economy

The outlook for the U.S. and global economy is getting gloomier, according to a new survey by the AICPA.

The outlook for the U.S. and global economy is getting gloomier, according to a new survey by the AICPA.

The Tax Court has held that the generous tips and gifts that a Catholic evangelist considered to be part of his efforts ...
06/06/2019
Evangelist’s generous tips and gifts not deductible

The Tax Court has held that the generous tips and gifts that a Catholic evangelist considered to be part of his efforts to spread the gospel were not deductible charitable contributions.

The Tax Court has held that the generous tips and gifts that a Catholic evangelist considered to be part of his efforts to spread the gospel were not deductible charitable contributions.

10 tips for when students put down the diploma and pick up the tax return.
06/06/2019
10 tax tips for college grads

10 tips for when students put down the diploma and pick up the tax return.

A short list of pointers for when students put down the diploma and pick up the tax return.

Today: Learn how you can implement integrated, cloud-based tech that offers a seamlessly integrated Digital Tax Workflow...
06/06/2019

Today: Learn how you can implement integrated, cloud-based tech that offers a seamlessly integrated Digital Tax Workflow.

https://trib.al/Q1BLDSW

Recently installed as CEO of the society, the former AICPA exec has an ambitious agenda.
06/05/2019
Pugliese lays out strategic focus for CalCPA

Recently installed as CEO of the society, the former AICPA exec has an ambitious agenda.

Recently installed as CEO of the society, the former AICPA exec has an ambitious agenda.

A French technology company has launched an accounting automation platform that promises to allow businesses to “opera...
06/05/2019
French company promises to replace accountants with bots

A French technology company has launched an accounting automation platform that promises to allow businesses to “operate without an accountant thanks to a caring team.”

A French technology company, Georges, has launched an accounting automation platform that promises to allow businesses to “operate without an accountant thanks to a caring team.”

Tune in tomorrow to learn how to save time and ensure staff concentrates on higher value tasks via scanning and data imp...
06/05/2019

Tune in tomorrow to learn how to save time and ensure staff concentrates on higher value
tasks via scanning and data import technologies. https://trib.al/j6PR3NG

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