Michael Cohn

The Financial Accounting Standards Board issued a one-page Q&A document Thursday from its staff letting private companies and nonprofits apply recent staff guidance from the Securities and Exchange Commission on the tax accounting implications of the recently passed Tax Cuts and Jobs Act and plans future Q&A documents, along with an accounting standards update.

Audit committees at public companies will have plenty on their agendas this year, according to a pair of new reports from KPMG, including new accounting standards, the new tax law, cyber security and more.

National Taxpayer Advocate Nina Olson outlined concerns about how the Internal Revenue Service will be able to implement the new tax law after a series of budget cuts, in her new report to Congress.

The Tax Cuts and Jobs Act that President Trump signed into law last month limits the tax deductions that accountants, lawyers and some other types of professionals can claim, reflecting some of the rules for Qualified Small Business Stock.

Crowe Horwath LLP plans to merge in TRU8 Solutions, an Atlanta-based risk consulting firm, effective Jan. 31, 2018.

Eide Bailly LLP plans to add France, Basterrechea, Wagner & Bunn, a CPA firm based in Gooding, Idaho, effective May 14, 2018.

RPR Partners LLP, a tax advisory firm in San Diego, has joined Ernst & Young LLP, EY said Tuesday.

Herbein + Company Inc. has merged in Gable Peritz Mishkin, a firm that has operated in the Philadelphia area for almost 50 years.

Ranking Dems are worried the Internal Revenue Service might succumb to political pressure to make it appear that tax cuts are larger than they really are.

Eide Bailly LLP, a Top 100 accounting firm, has added Decipher Forensics, a digital forensics and data recovery firm based in American Fork, Utah.

Auditing fees kept up their steady pace of increase over the past six years, according to a new report, climbing from $7.6 billion in 2010 to $9.2 billion in 2016.

The changes would simplify some of the transition requirements and offer lessors a practical expedient for separating nonlease from lease components.

The estate of the late award-winning singer and actress Whitney Houston has reportedly reached a deal with the Internal Revenue Service to pay $2,275,366 in taxes, far less than the $11.7 million the IRS said it was owed.

HMWC merges in Kelley Associates and Wiederman & Chamberlain; Riney Hancock expands to Henderson; Stoudt acquires Defassio; and ATA merges in Cannon & Co., Fred H. Page & Co., and Myriad CPA Group.

Private sector employers added 250,000 jobs last month, according to payroll giant ADP, as businesses took advantage of the roaring economy and the prospect of tax cuts in the New Year.

State governments are worried about the potential loss of tax revenue after passage of the Tax Cuts and Jobs Act and may be forced to restructure their tax laws.

The firm is combining with Wiebel, Hennells and Carufe in Bonita Springs, Fla., Jana Knudson of Lutz & Knudson, in Naples, Fla., and Godfrey Wise Berg, CPAs & Advisors, in Lansing, Mich.

Sandra Schneider and the staff of her firm Schneider & Associates LLC have joined the Bethesda, Md., office of Citrin Cooperman & Co., effective Jan. 1, 2018.

EisnerAmper LLP has added the New York accounting firm, Cohen & Schaeffer, effective Dec. 16, 2017.

The Public Company Accounting Oversight Board swore in its new chairman William D. Duhnke III on Tuesday, along with a new board member, Kathleen M. Hamm, at the headquarters of the Securities and Exchange Commission.