PCAOB November 3, 2026
PCAOB Proposes to Update Rules on Auditor Comfort Letters
The Public Company Accounting Oversight Board is proposing to update what it says are outdated provisions in the auditing standard related to auditor comfort letters.
January 16, 2018
New Online Tax Site Has CPAs Doing the Work
With tax season rapidly approaching, a new kind of online tax website has been launched. Instead of the do-it-yourself (and take your chances) approach of most consumer tax websites, the new www.Henry.tax website has CPAs that prepare the actual ...
January 16, 2018
New Intuit Turbo App Gives Consumers a Financial Health Profile
Intuit Turbo, which is available at www.MyTurbo.com and in the Apple App Store, shows consumers where they truly stand financially– beyond the credit score - so they can take the first steps toward achieving their financial dreams.
January 16, 2018
More Staff Soon for IRS, Predicts Treasury Secretary Mnuchin
Treasury Secretary Steven Mnuchin predicted on January 12 that the IRS will hire more employees to implement in the Tax Cuts and Jobs Act (P.L. 115-97). “Our number one issue is implementing the new tax law,” Mnuchin said. Also, the Treasury ...
January 16, 2018
IRS Offers Guidance on Passport Denial and Revocation for Serious Tax Delinquency
The State Department may also revoke or limit a previously issued passport. The IRS and the State Department will begin implementation of these rules in January 2018.
January 16, 2018
Survey: The More Americans Understand Issue, The More They Support Net Neutrality
Half of all US consumers report that they understand the issue of net neutrality – regardless of whether they are following the neutrality debate closely. Among those who say they do understand net neutrality, 72% favor it – 8 points higher than the...
January 16, 2018
Online Fraud Attempts Spiked During Holiday Shopping Season
Online fraud attempts and general retail transaction volumes increased substantially during the 2017 holiday season, according to new benchmark data from ACI Worldwide. Fraud attempts in the period from Thanksgiving Day to December 31 increased by 22 ...
January 16, 2018
Affluent Americans Shopping More at Discount Retailers
42 percent of affluent shoppers now frequently shop at discount retailers versus only 27 percent at full price retailers, with 36 percent saying their discount shopping has increased. Twenty-one percent of affluent respondents also reported they were ...
January 16, 2018
Accounting Automation in 2018: Are You Keeping Up?
In 2018, keeping up with your peers in other businesses means one thing: automation. It’s this year’s buzzword where accounting is concerned. In fact, according to a 2015 study by PwC, accounting clerks and bookkeepers comprised the #1 profession most ...
January 15, 2018
The 10 Biggest Cyber Attacks of 2017
From the spread ransomware attacks to targeted data breaches, no business is safe from the hands of a hacker. We take a look back at 2017 to uncover some of the biggest and most shocking cyber attacks on some of the world’s largest companies. More than any other, 2017 has been the year of the...…
January 15, 2018
Nearly Half of Small Businesses Support Paid Family Leave Legislation
While 48% of small business owners say they would support legislation requiring paid family leave, larger businesses are much more likely to do so with 78% of those respondents with 20-500 employees indicating they would support such legislation.
January 15, 2018
Supreme Court May Change Online Sales Tax Law
If SCOTUS decides in favor of South Dakota, that decision would pave the way for all states to tax remote sales. Exactly how they would do that is, at this point, unclear.
January 13, 2018
U.S. Supreme Court Will Hear Challenge to Quill Sales Tax Ruling
The U.S. Supreme Court has agreed to consider a case that has the potential to change how states can tax sales by ecommerce merchants and other out-of-state sellers. The case, South Dakota v. Wayfair, Inc., challenges the Court's decision in Quill Corp. v