IRS offers tax break to lenders for farm loans
The IRS and the Treasury released interim guidance giving new tax benefits to banks that provide loans secured by rural or agricultural real property.
AICPA warns IRS not to combine tax pro offices
The American Institute of CPAs is urging the IRS not to merge its Office of Professional Responsibility with its Return Preparer Office to avoid confusion.
FASB admits leases standard was costlier than expected
The 2016 standard on leases met its objective of providing investors with useful information, but the costs of implementing and maintaining it were high.
M&A roundup: Mauldin & Jenkins, Ascend and Crete expand
Mauldin & Jenkins merged in LaPorte CPAs & Business Advisors; Ascend’s TSS Advisors added John G. Burk & Associates; Ascend’s Walter Shuffain Advisors integrated Richardson & Co.; Cross Financial joined Crete Professionals Alliance.
Presidential tariff power faces Supreme Court test
The issues concern the constitutional division of taxing power, the potential role of Congress in determining trade rules, and costs to businesses and households.
More together: Celebrating a global first for Xero Certification with Moore Johannesburg
Working with our large national accounting partners, I’m always inspired by their willingness to learn and grow. But our recent event with Moore Accounting was something truly special. We delivered our first-ever in-person, partner-hosted certification training at their offices in Johannesburg. This was the first time globally that Xero’s newly refreshed certification framework was delivered …
More together: Celebrating a global first for Xero Certification with Moore Johannesburg Read More »
FASB takes on crypto asset transfers
The Financial Accounting Standards Board decided to add a project to its technical agenda related to the accounting for cryptocurrency asset transfers.
Get a clearer view of your finances, faster: Get a first look at automatic bank reconciliation
We’re thrilled to announce that Xero’s new automatic bank reconciliation feature (powered by JAX) is rolling out, globally, in beta this week. This powerful new capability delivers the next chapter in our vision for JAX, your AI business financial superagent. At Xerocon, we shared our vision for evolving JAX into an AI financial superagent, orchestrating …
PCAOB agrees on audit regulation deal with Lithuania
The Public Company Accounting Oversight Board has made a pact with Lithuania’s audit regulator to allow the two organizations to cooperate on overseeing firms.
Tech leader Rick Richardson dies at 81
Over his six-decade long career, Richardson was a pioneer of technology in the profession, working as a consultant, speaker and former national director at EY.