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When Opportunity Knocks to Defer Tax on Gains: “Qualified Opportunity Funds"

Tax Reform

The 2017 Tax Cuts and Jobs Act includes a new tax incentive provision that is intended to promote investment in economically…

8/1/2018

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Regulatory Roundup: July 25-31

Trusted Professional

AICPA July 30, 2018 Legislation Limiting Damage Awards Against State Regulatory Boards Has Backing of CPA Profession Press…

7/31/2018

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Study: Awarding Green Cards to Undocumented Immigrants in Calif. Resulted in 700K Additional Tax Returns

NextGen

MarketWatch Immigration Reform and Control Act of 1986

7/31/2018

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FASB Releases Tweaks to Lease Standard Aimed at Simplifying Implementation

Trusted Professional

The Financial Accounting Standards Board (FASB) has released Russell G. Golden and All entities, including early adopters,…

7/31/2018

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Administration Seeks to Bypass Congress to Grant $100 Billion Tax Cut

Trusted Professional

New York Times

7/31/2018

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Society Objects to ABV Credential for Non-CPAs

Advocacy

The NYSSCPA, in a July 25 comment letter, voiced its deep concern over the recent decision by the American Institute of CPAs…

7/31/2018

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Swedish Bank, in Drive to Automate, Cuts 6,000 Human Workers

Trusted Professional

Bloomberg A recent poll another study An earlier study found

7/30/2018

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Judge Delays Age Discrimination Class Action Against PwC

NextGen

Bloomberg BNA The suit

7/30/2018

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Report Finds Less Enforcement, Much Smaller Penalties Imposed by Federal Agencies on Corporate Offenders

Trusted Professional

Associated Press Office of Foreign Assets Control

7/30/2018

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