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A prominent investor group is applauding the Securities and Exchange Commission’s approval this week of the Public Company Accounting Oversight Board’s new standard expanding the scope of the audit report. The SEC commissioners unanimously approved the PCAOB standard Monday, which would be the most significant change to the format of the audit report in over […]
Victims of Tropical Storm Harvey and Hurricane Irma in Louisiana and South Carolina may qualify tax relief from the IRS. President Trump has declared that a major disaster exists in Louisiana, and individuals who reside or have a business in the parishes of Acadia, Allen, Assumption, Beauregard, Calcasieu, Cameron, DeSoto, Iberia, Jefferson Davis, Lafayette, Lafourche, […]
One day, we were having a team meeting. I was becoming particularly frustrated with the discussions we were having. We love a healthy discussion with opposing views, but it seemed like we had crossed a line and were just spinning our wheels instead of making progress. We were discussing potential new services to roll out, […]
Chicago-based Top Six Firm Grant Thornton has partnered with Visual Lease to make the latter’s cloud-based lease management software available to its clients. Grant Thornton signed a preferred vendor agreement with the Woodbridge, N.J.-based software provider to make the Visual Lease platform available to its lease transformation services clients, enabling them to import lease information […]
Another big step toward tax reform was made Thursday as the House passed the Senate Budget resolution – but it also brings the difficult choices that much closer. Fotolia “It’s a significant step, because the resolution calls for $1.5 trillion of additional deficit, which will translate to tax cuts,” said Todd Simmens, a partner at […]
The American Institute of CPAs has sent its tax reform wish list to the half dozen Republicans who are leading a rewrite of the tax code. The so-called Bix Six—House Speaker Paul Ryan, R-Wis., House Ways and Means Committee Chairman Kevin Brady, R-Texas, Senate Majority Leader Mitch McConnell, R-Ken., Senate Finance Committee Chairman Orrin Hatch, […]
The number of audit deficiencies tied to fair value measurements is still high, but declined for the second year in a row, according to a new analysis of Public Company Accounting Oversight Board inspection reports on auditing firms. The analysis, released Wednesday by the valuation and litigation consultancy firm Acuitas Inc., found the percentage of […]
The Internal Revenue Service has posted a number of draft tax forms and instructions for tax year 2017, including Form 1040 and its related schedules, on its website. Last week we examined the key changes on the draft Form 1040 itself (see What’s new on the 2017 draft Form 1040 and A closer look at […]
As a trusted financial advisor with an understanding of the laws and regulations that play into HR functions, you can help your small business clients understand their HR responsibilities, obtain the HR tools and resources they need, and focus on the growth of their businesses. Small business owners without a designated HR manager feel overwhelmed […]
President Donald Trump encouraged GOP senators to push ahead with their tax-cut plans Tuesday, hours after feuding publicly with fellow Republican Bob Corker. On the same day, Arizona Republican Jeff Flake announced on the Senate floor he’s not seeking re-election and excoriated Trump without mentioning the president by name, accusing the president of “reckless, outrageous […]
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