OPEC and a group of allies led by Russia will discuss at least two approaches to increasing oil production, sources say. However, OPEC's internal simulations indicate that if production limits are relaxed too quickly, the policy shift could lead to a glut.
Lawmakers in states nationwide have been exploring the idea of taxing services accounting firms provide. In some cases, the taxes haven't been implemented, but the issue remains a challenge for advocates for the CPA profession.
On Wednesday, the Internal Revenue Service notified tax-software companies it had discovered an error in the Schedule D, Capital Gains and Losses, Tax Worksheet used to calculate tax on certain capital gains that had new rates as a result of the law known as the Tax Cuts and Jobs Act. The IRS corrected the worksheet Thursday and advised practitioners to download corrected instructions.
A provision in the 2017 tax overhaul is leading some college students to face tax rates of up to 37% on nontuition assistance they receive to cover expenses such as room and board.
There are more communication channels than ever, so it is important to make the right choice about whether to use email, text messages, phone calls or face-to-face meetings in a work situation. Here is a guide to help you decide when each channel is appropriate.
Technology is changing the accounting profession. Does initial CPA licensure need to evolve as a result? As the National Association of State Boards of Accountancy and the AICPA explore the answer to that question, we asked CPAs like you what they thought. Here's how they responded.
Would you believe it if we told you robotic process automation isn't nearly as hard to adopt as it sounds? After years of changes and developments, RPA is finally for everyone, including you. Learn how a business of any size can implement it.
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