Find out how understanding S corporation basis rules allows practitioners to help clients take advantage of planning opportunities aimed at maximizing deductible pass-through losses and lowering the shareholder's tax liability.
About one-fifth of Americans older than 65 work, some to earn extra money and others because they want to. Here are three tips for transitioning into a career as an independent consultant after leaving a job.
The Tech Tip column has compiled five of its best tips from 2017. Read for advice on how to keep your phone charged during a disaster, how to track the whereabouts of luggage and other topics.
The Organisation for Economic Co-operation and Development has unveiled a consultation document on disclosures related to attempts to avoid the common reporting standard. It is seeking public input.
In a widely expected move, the Federal Reserve has raised its benchmark interest rate by one-quarter point to a range of 1.25% to 1.5%. The Fed also raised its forecast for economic growth in 2018 and indicated three rate increases could come next year.
Disney plans to purchase television, film and other assets from 21st Century Fox in an all-stock deal worth $52.4 billion. The deal calls for Disney to assume $13.7 billion in net debt.
A report from the Anti-Fraud Collaboration outlines many factors that can deter the reporting of fraud within an organization. These include managerial attitudes, ignorance of the investigative process and fear of termination or other retaliation, the report says.
The US Justice Department is making permanent, with some changes, the pilot program it created in 2016 to encourage self-reporting when companies violate the Foreign Corrupt Practices Act. "Criminals try to evade law enforcement" as well as internal controls and compliance programs, so "honest companies pose a meaningful deterrent to corruption," Deputy Attorney General Rod Rosenstein said in announcing the revised program.
Audit data analytics have the potential to create significant benefits for auditors and their clients. In this excerpt from the AICPA's new Guide to Audit Data Analytics, learn how to apply the techniques to a risk-assessment procedure.
William Duhnke will chair the Public Company Accounting Oversight Board and will be joined by board members J. Robert Brown, Kathleen Hamm, James Kaiser and Duane DesParte. The Securities and Exchange Commission announced their appointments Tuesday as the board's membership changed over completely.