Taxpayers who haven’t been meeting all of their state tax reporting obligations have an option if they want a chance to lessen the penalties they…
Earlier this year, the Private Company Council (PCC) adjusted its criteria for private companies, simplifying the eligibility process for many seeking GAAP exceptions.
The Senate Finance Committee recently approved extensions contained in the EXPIRE Act of 2014, submitting a favorable verbal vote on April 28.
On Jan. 1, 2015, many community banks will be subject to changing capital rules that are aimed to improve the quality, while also increasing the…
The Financial Accounting Standards Board (FASB) recently proposed a revised credit impairment model that would facilitate more efficient recognition of credit losses, specifically those of assets…
When the IRS announced its Fresh Start initiative back in 2011, hope abounded that tax balances would be more easily settled and taxpayer qualification criteria…
Donor-advised funds offer an effective means of providing contributions to charitable organizations while still allowing for the contributors to maintain most of the decision-making power.
At a recent conference in Atlanta, Luis Aguilar of the Securities and Exchange Commission made a speech that called for more accountability, transparency and general…
Even as the majority of Americans continue to adjust to different standards for financial stability, stress and discontent have not become disproportionately higher.
The struggle to renew temporary tax breaks is spreading to all corners of Congress.