Top Accounting News of The Week

Top Accounting News This Week

Top Accounting News of The Week 6.18.18

Proposed Changes to Disguised Sale Regulations

The IRS recently announced plans to adjust temporary regulations previously instated with regards to the way disguised sale partnerships are reported. See what this will mean for those affected…

 

New Jersey Tax Preparation Business Owner is convicted of fraud

Sixto Rodriguez was found guilty of tax fraud in relation to a company he ran in Teaneck, New Jersey.  He was accused of not only committing fraud on behalf of his clients, but for his own business as well. Read more…

 

ACCA works to make analytics more user friendly for finance professionals

A recent online webinar hosted by the ACCA and SAS discussed the future of finance and how new technologies are changing the game for businesses at record speed.  Read the full story here.

 

The AICPA makes recommendations to the IRS regarding the Tax Cuts and Jobs Act

In response to a recent request by the IRS, the AICPA recently submitted one hundred and fifty recommendations for clarification.  Although the recommendations for the Priority Guidance Plan are in large part aimed at the Tax Cuts and Jobs Act, the AICPA also made recommendations for other areas of reporting as well.

  1. https://www.journalofaccountancy.com//news/2018/jun/disguised-sale-partnership-regs-withdrawn-201819167.html
  2. https://njcpa.org/stay-informed/topics/article/2018/06/12/irs-criminal-investigations-in-new-jersey
  3. http://www.accaglobal.com/us/en/news/2018/may/analytics-webinar.html
  4. https://www.accountingtoday.com/news/aicpa-recommends-items-for-irs-priority-guidance-plan-on-tax-reform

 

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