Federal civil tax lawsuits have fallen by more than half over the past decade, according to a new analysis. | Federal tax lawsuits plunge → | | By Michael Cohn 2 min read | | Federal civil tax lawsuits have fallen by more than half over the past decade, according to a new analysis. | |
| IESBA proposes major revisions to independence standards for auditors → | | By Michael Cohn 3 min read | | The International Ethics Standards Board for Accountants has released two exposure drafts for proposed ethical standards aimed at strengthening the non-assurance services and fee-related independence provisions of the International Code of Ethics for Professional Accountants. | |
| PwC showcases new technologies → | | By Michael Cohn 5 min read | | PricewaterhouseCoopers showed off some of its new and upcoming technologies it has been developing for its staff and clients, particularly in the auditing field, at an event Tuesday in its offices in New York. | |
| Most taxpayers confident about tax prep → | | By Michael Cohn 1 min read | | Taxpayers are feeling good about their tax-filing abilities, according to a new survey, with 89 percent indicating they feel confident they have their withholding set up correctly and 95 percent saying they're confident that they're taking all the deductions they can. | |
| The art of the deal → | | By Dom Esposito 5 min read | | The last several years have seen a “merger frenzy,” with small and midsize CPA firms (with annual revenues between $10 million and $24 million) getting acquired by larger CPA firms that have a strong brand and a track record of average to above average equity partner profitability. | |
| Pentagon racks up $35T in accounting changes in one year → | | By Tony Capaccio 3 min read | | The Pentagon made $35 trillion in accounting adjustments last year alone — a total that’s larger than the entire U.S. economy and underscores the Defense Department’s continuing difficulty in balancing its books. | |
| Mnuchin uses auto tariff threats as leverage over digital taxes → | | By Saleha Mohsin and Catherine Bosley 3 min read | | Even as France indicated a willingness to postpone a disputed tax on technology companies, U.S. Treasury Secretary Steven Mnuchin dangled the prospect of retaliatory tariffs on automobile imports if the issue isn’t resolved. | |
|
