DAILY BRIEFING

By Sean McCabe       2 min read

The American Institute of CPAs announced the 30 most recent graduates of its annual Leadership Academy workshop. View story →

By Billy House and Erik Wasson       5 min read

A new round of haggling started, as they worked to fill in details and deal with last-minute attempts to restore priorities that had been left out. View story →

By Josh Wingrove, Billy House and Jennifer Jacobs       4 min read

Influential lawmakers still want various tax provisions in the bill. View story →

By Michael Cohn       5 min read

Rumbi Bwerinofa-Petrozzello, president of the New York State Society of CPAs, is hoping to make accounting a more diverse profession, as the first woman of color to hold the position in the NYSSCPA’s nearly 125-year history. View story →

By Jeff Stimpson       5 min read

Tag, you’re it; daddy’s little nominee; across state lines; and other highlights of recent tax cases. Read story →

By Michael Cohn       2 min read

The U.S. Department of Labor issued a final rule that aims to set reasonable limits on the amount of time that tipped employees can spend in non-tipped activities when the employer receives a tip credit. Read story →

By Michael Cohn       2 min read

The Financial Accounting Standards Board released an accounting standards update Thursday, with guidance on accounting for revenue contracts with customers acquired in a business combination. Read story →

By Brian Coddington, Karen Koch       3 min read

The Section 179D incentive would jump from $1.80 per square foot for efficiency improvements to a sliding scale between $2.50 and $5. Read story →

By Mark A. Luscombe      

As Congress wrangles, advisors are struggling to figure out how to help clients. Read story →