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Another one in the books; bias in the TCJA; talking basis; and other highlights from our favorite tax bloggers. School for scandal Boyum Barenscheer (https://myboyum.com/blog/): In its 2018 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners reported that owners and executives accounted for only 19 percent of all […]
Nearly three-quarters of Big Four consulting projects wind up costing more than U.S. companies anticipated, according to a new survey. The survey, conducted by Source Global Research, found that U.S. companies generally expect to pay between $2,000 and $5,000 a day for a management consultant. But 70 percent of Big Four consulting projects end up […]
Just about everyone who has studied tax law is familiar with the landmark Supreme Court decision in Eisner v. Macomber. It was first argued before the court 100 years ago, on April 16, 1919. (It was reargued later that year and decided in 1920.) The case involved stock dividends — additional shares — issued by […]
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When Hayden Myer made an eye doctor’s appointment for the end of April, he told the clinic that he might not show up for the visit if his tax refund didn’t arrive in time. The 27-year-old, who says his vision is bad enough that he avoids driving at night, has been wearing a four-year-old pair […]
The Massachusetts Society of CPAs held its annual “The Next Step” workshop for more than 70 college students across the state on March 27 in Boston. Held at Big Four firm PwC’s office, the workshop invited local college students interested in accounting to participate in panel discussions and other activities focused on their early career […]
Senator Bernie Sanders, the Democratic socialist who’s built a career promoting policies to raise taxes on millionaires and billionaires, said he plans to make public his federal tax returns by April 15, the annual filing deadline. Sanders of Vermont has said he’ll release 10 years of returns, and disclosed this week that his literary fame […]
Some 50 million taxpayers have not yet filed their tax returns. The IRS said Friday that with the filing deadline looming on Monday for most of the U.S. (April 17 in Maine and Massachusetts), the agency expects to receive about 14.8 million individual income tax returns for the week ending April 12, most of them […]
JPMorgan Chase’s recent investor presentation gave one of the first looks (if not the first) at how a new set of accounting rules for reporting losses on loans will impact the reserves set aside to cover them at a major U.S. bank. JPMorgan Chase chief financial officer Marianne Lake said the financial institution expects to […]
A revolution for accounting firms who are ready for change There is a revolution underway in major accounting firms, at least for the ones who take up the challenge to meet the shifts occurring beneath their feet.
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