2016 News Archive
 

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Articles

Due date for estate basis reporting postponed once again

The IRS on Thursday further delayed the due date for statements required under Sec. 6035(a)(3)(A) reporting the value of an estate’s assets from Feb. 29, 2016, to March 31, 2016 (Notice 2016-19). The extra time is designed to give taxpayers...

Investors Increasingly Wary of Volatile Markets

Turbulent markets continue to trouble investors, prompting financial advisors to rank "managing market volatility" as their top concern for Q1 2016. The 123.8 reading on the Advisor Top-of-Mind Index (ATOMIX) survey is the highest ranking since...

Obama's Final Budget Proposal Includes Sweeping Tax Changes

It’s unlikely that a sharply divided Congress will send President Obama off with parting gifts, but that didn’t stop the nation’s leader from including a “wish list” in the proposed budget for his final year in...

Global CFO Survey Shows Crash in Business Confidence

Falling income is the biggest concern for global businesses, according to a new global survey of finance professionals. Nearly half of businesses (46%) reported a decline in earnings in the fourth quarter of 2015 in the final Global Economic...

Tech CFOs See Lower Valuations But More Deals

Forty percent of CFOs surveyed by BDO plan to pursue deals in 2016 and nearly all see M&A activity at least matching last year's record pace. Most technology CFOs expect tech business valuations to cool off this year but nearly all of them...

Financial performance reporting among priorities as FASB sets agenda

FASB decided Wednesday to perform research on six topics for consideration of possible accounting standard setting, according to a news release from the board. Four issues will be added to its research agenda and included in an agenda discussion...

IRS Systems Outage Shuts Down Tax Processing

The Internal Revenue Service said Wednesday evening its tax-processing systems have suffered a hardware failure and that tax processing could be affected into Thursday. “The IRS experienced a hardware failure this afternoon affecting a...

Proposal aims for uniformity in CPE credit increments

CPAs would be able to earn continuing professional education credits in increments of one-fifth, one-half, or whole credits for all instructional delivery methods except nano-learning under an amended proposal issued Monday. The AICPA and the...

The State of the M&A Market

The deals just keep coming Each year for the past decade, the appetite for mergers and acquisitions in the accounting space has outpaced the previous year – and 2015 was no exception. What’s more, the market continues to shift in...

The Year-Round Tax Problem

Our comparison guide to sales and use tax solutions While this is the time of the year when income taxes capture everyone’s attention, sales and use taxes make themselves annoying all the time. The ubiquity and variety of these sales and...