Going, going, gone — concerned?

Auditors face a special dilemma when it comes to determining if a client can continue, says Stephen Franciosa.


SEC moves to simplify disclosures

The Securities and Exchange Commission voted to propose a number of amendments to simplify some disclosure requirements for public companies, along with investment advisers and investment companies.


IRS puts Equifax contract on hold

The Internal Revenue Service has suspended its $7.25 million contract with Equifax after the company admitted to finding a malware link on its website on the heels of a data breach that exposed the personal information of approximately 146 million people in the U.S.


IRS won’t accept returns next year without health coverage

The Internal Revenue Service said that for the upcoming 2018 filing season, it‎ will not accept electronically filed tax returns where the taxpayer does not address the health coverage requirements of the Affordable Care Act, the first tax season it has refused to accept such returns.‎


IRS reaches out to tax pros on questionable returns

The service will also be warning preparers about due diligence requirements.


Trump’s bid for Bannon-McConnell peace shows tax plan fears

Steve Bannon won’t abandon his war against congressional Republican incumbents, not even after President Donald Trump publicly pleaded for a truce that could salvage the tax overhaul at the heart of his legislative agenda.


White House pitches $4,000 wage boost post corporate tax cut

Cutting the corporate tax rate to 20 percent, as President Donald Trump has proposed, would increase average household income by at least $4,000 a year, according to estimates in a White House study.


Wage earners should not have to subsidize small-biz owners

A retired tax practitioner takes issue with proposals to lower rates for pass-through business income.


Why Excel is still relevant in 2017

On National Spreadsheet Day, we take a look at the most popular software in accounting.


Trump, McConnell open door to tax revamp slipping into 2018

President Donald Trump and Senate Majority Leader Mitch McConnell appeared to give themselves some breathing room on their goal of completing a tax overhaul before year’s end in remarks that emphasized the difficulty of passing major legislation.