The Latest

The Securities and Exchange Commission has begun sending letters to public companies that fail to file their financials with all the necessary data using Extensible Business Reporting Language technology.

Highlights of some of our favorite tax-related blogs from the past week.

New Jersey Society of CPAs CEO and executive director Ralph Thomas discusses the need for greater diversity in accounting firms, in an interview with Accounting Today editor-in-chief Daniel Hood.

The real estate investment trust Ventas has dismissed Ernst & Young as its auditor after E&Y determined that it lacked independence because of an “inappropriate personal relationship” between an E&Y partner and Ventas’s former chief accounting officer and controller.

A subcommittee of the House of Representatives’ Committee on Small Business held a hearing today to discuss the value of using the cash basis of accounting in small businesses, and whether they should be required to use the accrual basis.

Dr. William "Bill" Bithoney has joined BDO USA LLP’s BDO Consulting as chief physician executive and managing director.

SaaS expense management provider Tallie has hired Julie Carman as vice president of business development.

In 2014 many of the country’s high-income earners will keep less than they pay in taxes.

Dixon Hughes Goodman recently donated 431,475 pounds of food to the communities the CPA firm serves in 11 states.

A federal appeals court has upheld a penalty assessed against the estate of a deceased man because the executor filed the return late, even though estimated taxes had been paid.