Content by Jason Bramwell

on 07/23/14
FASB mulling a revamped income statementDavid M. Katz of CFO wrote on Tuesday that the Financial Accounting Standards Board (FASB) is in the early stages of researching...
on 07/22/14
Accountants who specialize in forensic and valuation services point to electronic data analysis, or big data, as the most pressing issue they’ll face in the coming months, according to results...
on 07/22/14
Renaissance avoided more than $6 billion tax, report saysThe Senate Permanent Subcommittee on Investigations said on Monday that a Renaissance Technologies LLC hedge fund’s...
on 07/21/14
A new Gallup survey found that 58 percent of smokers in the United States see increased state and federal taxes on cigarettes as an act of unjust discrimination, while 39 percent believe the tax...
on 07/21/14
The Public Company Accounting Oversight Board (PCAOB) and the Danish Business Authority (DBA) entered into a cooperative arrangement on July 18 that gives both regulators oversight of audit firms in...
on 07/21/14
Liberal groups object to bill barring taxes on Internet accessThe Internet Tax Freedom Act hasn’t been a controversial bill. In fact, it’s so popular that senators are...
on 07/18/14
Certain “changes in circumstances,” such as in household income or family size, could alter how much eligible taxpayers receive in health insurance premium tax credits, the IRS cautioned...
on 07/18/14
House votes 277-130 to extend tax breaks for charitable givingBy a vote of 277-130, the House on Thursday passed legislation to extend tax breaks for charitable giving that expired...
on 07/17/14
New accounting guidance intended to increase transparency and consistency of financial reporting about consolidations was agreed upon by the Financial Accounting Standard Board (FASB) on Wednesday....
on 07/17/14
Panel meets this week to explore revenue recognition issuesThe Transition Resource Group for Revenue Recognition, a joint body of the Financial Accounting Standards Board (FASB) and...
on 07/16/14
In her annual midyear report to Congress that was released on Wednesday, National Taxpayer Advocate Nina Olson called the IRS’s recently announced voluntary education program for tax return...
on 07/16/14
House passes highway funds patch, eyes shift to SenateThe House overwhelmingly passed a bill to shore up the beleaguered Highway Trust Fund on Tuesday with little more than two weeks...
on 07/16/14
All that was needed on Tuesday was a voice vote for the House of Representatives to pass a bill that would prevent state and local governments from taxing access to the Internet.Now the ball is in...
on 07/15/14
The American Institute of CPAs (AICPA) sent two letters to IRS Commissioner John Koskinen – one on May 21 and another on June 24 – asking that the tax-collection agency not put in place a...
on 07/15/14
The Financial Accounting Standards Board (FASB) proposed new accounting guidance on Tuesday that would remove requirements for extraordinary items from US Generally Accepted Accounting Principles (...
on 07/15/14
A former California tax preparer was sentenced to 18 months in prison on Monday for filing dozens of false tax returns with the IRS.Rene R. Lopez, 61, the former operator of Lopez & Associates...
on 07/15/14
Ernst & Young to pay fine in lobbying caseFloyd Norris reported on Monday for New York Times DealBook that Ernst & Young (EY) agreed to pay more than $4 million to...
on 07/14/14
Britain gets tougher on foreign takeoversThe UK government said over the weekend it would stiffen laws governing foreign takeovers of British companies, potentially raising new...
on 07/11/14
IRS must take oath on Lerner emails: judgeMackenzie Weinger of Politico reported on Thursday that a federal judge ordered the IRS to explain under oath how it lost emails...
on 07/11/14
The Republican-controlled House of Representatives passed a bill on Friday morning that would permanently extend the bonus depreciation tax break for businesses.The measure, HR 4718, which was...

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