House Democrats asked a U.S. court to force the Treasury Department to turn over six years of President Donald Trump’s personal and business tax returns. The long-expected lawsuit filed in a Washington federal court on Tuesday is Congress’s latest attempt to assert oversight over the executive branch, as the Trump administration has either rejected or […]

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We live in the digital age. But as accountants adopt new technology, they need to be aware of the corresponding rise in cyber threats — and the regulation surrounding them. Digital transformation is taking the financial services industry by storm, and accounting firms are no stranger to this technological shift. In fact, Gartner found that […]

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U.S. lawmakers have the right to see President Donald Trump’s personal business records held by his accounting firm, attorneys for a Democrat-led House committee told a U.S. appeals court panel. “The Oversight Committee is investigating issues of national importance concerning ethics and conflicts of interest across the Executive Branch,” the committee’s lawyers said in papers […]

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It’s been said that tax professionals never take a vacation — there are always new issues facing them around the bend. This year, more issues are lurking around the bend then in most years. And many still face filing deadlines for extensions, which are up this year by 8 percent over last year. There are […]

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I am still getting calls from colleagues who are complaining about their “worst tax season ever.” I cannot help them, but can offer some suggestions on how to decrease next year’s pressure so they won’t need to make a call next year about their new worst tax season ever. Two of my recent columns about […]

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Democratic presidential front-runners largely agree on their first tax priority: Scrap President Donald Trump’s tax overhaul and institute new levies to pay for social programs to benefit the middle class. But like the Republican struggles to repeal and replace President Barack Obama’s Affordable Care Act in 2017, there are lots of plans and little consensus […]

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Marian Shaw (pictured), managing director at UHY Advisors, New York, received the Outstanding Asian American in Business award from the Asian American Business Development Center, honoring Asian American entrepreneurs, professionals and corporate executives who play a role in guiding the U.S. economy. Shaw was recognized at a gala dinner June 20, joining fellow honorees at […]

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Gleim Exam Prep, Gainesville, announced the 45th anniversary of its CPA Exam review, which launched the self-study CPA Exam review industry in 1974 when University of Florida accounting professor Dr. Irvin Gleim made a self-study option available for accounting students preparing for the exam. Capstone Marketing, Palm Harbor, launched its Capstone Summer Series, a group […]

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Is accounting “exciting”? When it comes to the different fields of accounting — public, managerial and governmental accounting, to name a few — I’d argue that there’s nothing more exhilarating in the accounting world than forensic accounting. Even the name potentially conjures up scenes from TV shows like “CSI: Crime Scene Investigation” or “Bones” and […]

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