Content by Jason Bramwell

on 04/14/14
The Governmental Accounting Standards Board (GASB) on Monday defined two approaches for measuring assets and liabilities, which officials said will guide the standard-setting organization in...
on 04/14/14
With tomorrow being Tax Day, you might see some procrastinators at your office filling out forms, printing out paperwork, or getting last-minute tax advice from their accountant so they can meet the...
on 04/14/14
The IRS has launched 295 new identity theft and refund fraud investigations during this tax-filing season, bringing the number of active cases to nearly 1,900, the agency announced last week.The...
on 04/14/14
Congress slow to help IRS tackle problem of incompetent tax preparersDuring a Senate Finance Committee hearing last week, IRS Commissioner John Koskinen called on Congress to pass...
on 04/11/14
The criteria for reporting a discontinued operation on financial statements was revised by the Financial Accounting Standards Board (FASB) on Thursday.According to Accounting Standards Update No....
on 04/11/14
Tax writers seek Section 179 extensionTwo tax writers – representatives Pat Tiberi (R-OH) and Ron Kind (D-WI) – are seeking to extend long-term a tax break that allows...
on 04/10/14
As expected, the House Oversight and Government Reform Committee today voted in favor of holding ex-IRS official Lois Lerner in contempt of Congress because she had twice refused to answer the panel...
on 04/10/14
Energy spinoffs are moving into tax limboUS energy companies have been using a simple and profitable strategy: spin off a piece of the business and secure a special tax treatment....
on 04/09/14
During undercover site visits to 19 randomly selected commercial tax-preparation businesses in states that do not regulate paid tax return preparers, only two preparers calculated the correct refund...
on 04/09/14
House committee weighs evidence against IRS officialFor the first time since it released President Nixon's tax returns in 1974, a House committee voted today to release...
on 04/08/14
The head of the IRS on Tuesday urged lawmakers to pass legislation that would authorize the agency to regulate the nation’s estimated 600,000 to 700,000 paid tax return preparers.During a...
on 04/08/14
New slant on corporate taxesChange is coming atop some key congressional committees, which could tip the balance in the long-running debate on overhauling corporate taxes, Maxwell...
on 04/07/14
Two sets of panelists will discuss what to do with tax return preparers who lack proper certification during a Senate Finance Committee hearing tomorrow morning.The hearing, entitled “...
on 04/07/14
Where to find the web’s forensic accountantsTwo websites, one of which also runs an exchange-traded fund (ETF), are designed to highlight companies’ hidden accounting...
on 04/04/14
House contempt vote for IRS’ Lois Lerner set for next weekApril 10 is the day we find out whether the House Oversight Committee will hold former IRS official Lois Lerner in...
on 04/03/14
A majority of the 55 tax breaks that died on December 31, 2013, may have received new life.The Senate Finance Committee on Thursday voted to revive about 50 of the tax breaks, which would...
on 04/03/14
A new set of provisional accounting standards unveiled yesterday provides guidance to companies in the technology and communications sector on how to disclose environmental, social, and governance (...
on 04/03/14
EU approves rules to shake up company bookkeepingThe European Union (EU) this morning approved some of the world's toughest rules for accountants, designed to stop any listed...
on 04/02/14
An increasing number of chief audit executives (CAEs) are being sourced from other areas of business instead of from within the internal audit profession – a trend that is likely to continue,...
on 04/02/14
Tax extenders head to Senate markup ThursdayThe Senate Finance Committee will meet at 10 a.m. ET tomorrow to make revisions to a bill known as the Expiring Provisions Improvement...

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