Treasury cuts penalties for taxpayers who got confused about withholding

The U.S. Treasury Department is again reducing penalties for taxpayers who didn’t pay enough of their tax bill throughout the year.


India postpones accounting rules, sparing banks bad-loan piles

The delay for the second year running will spare the country’s banks from adding another layer to the $190 billion pile of bad loans on their books.


Spotting clients’ labor and employment mistakes

Businesses’ trusted advisors can help keep them from falling afoul of these complex laws.


Finding real strength in numbers through data partnerships

BOOK EXCERPT In ‘Data Leverage: Unlocking the Surprising Growth Potential of Data Partnerships,’ the authors explore how data partnerships can produce a whole that is often greater than the sum of its parts.


CFOs plan to leverage AI, drones, robots and blockchain

Senior finance executives are working on implementing a slew of advanced technologies at a rapid rate, according to a survey by Grant Thornton.


Why accountants should embrace, not avoid, emerging technologies

Finance professionals are concerned about change and uncertainty, but standing still is not an option.


10 tips to improve your public speaking skills

Whether you suffer from a mild case of the jitters or experience anxiety so paralyzing it prevents you from taking to a podium, you’re not alone.


Product News: Artwork Archive adds expense tracking to suite of art management tools

Gusto names CSO, Vertex integrates with Elastic Path, Panaya releases tool for Oracle E-Business Suite.


IRS expands underpayment and underwithholding relief for more taxpayers

The Treasury Department and the Internal Revenue Service are lowering the withholding underpayment threshold to 80 percent.


IRS suspends 1957 revenue rulings on active trade or business requirement

The Internal Revenue Service is temporarily suspending a pair of revenue rulings dating back to 1957 on the tax requirement for corporate spinoffs until it finishes a new study analyzing the 62-year-old requirements.