News

30th Annual GWSCPA Nonprofit Finance & Accounting Symposium November 27-28, 2018 Walter E. Washington Convention Center | Washington, DC  The GWSCPA Nonprofit Symposium is developed by the expert Nonprofit Member Section of the Greater Washington...

Public company auditors remain the group investors trust most to protect their interests, but investors’ confidence in U.S. capital markets and U.S. public companies has dropped in the past year, according to a Center for Audit Quality...

The IRS proposed new rules under the global intangible low-taxed income (GILTI) provision (Sec. 951A) added by P.L. 115-97, the law known as the Tax Cuts and Jobs Act ( REG-104390-18 ). Sec. 951A requires U.S. shareholders of controlled foreign...

While professionals in all walks of life are prone to swap views on the relative merits of their tools of the trade, among CPA tax preparers, tax return preparation software generates often extensive and ardent discussion. Return preparers depend...

Beginning next month, CPA candidates in Europe will no longer have to undertake intercontinental travel to sit for the CPA Exam. Nine Prometric test center locations in Europe will begin offering the CPA Exam on Oct. 1, the AICPA, the National...

The District of Columbia Office of Tax and Revenue (OTR) reminds tax professionals, software providers, businesses, and others about tax rate changes that will take effect on Monday, October 1, 2018. The changes will apply as required by the...

FASB issued a   new standard   Wednesday that is designed to reduce complexity for the accounting for costs of implementing a cloud computing service arrangement. The guidance is published in   Accounting Standards Update No. 2018-15 ,  ...

The definition of an acquisition is the dividing line in state and local governments’ accounting for the majority equity interest in an organization that remains legally separate after acquisition, according to clarifying guidance issued...

The IRS on Tuesday announced that it plans to issue regulations providing that the reduction in the personal exemption amount to zero for tax years 2018 through 2025 will not be taken into account in determining whether a person is a qualifying...