Accounting
Top stories summarized by our editors
12/15/2017

Changes coming about from the revenue-recognition accounting standard are unlikely to draw much attention from investors. Investors are expected to be preoccupied with other issues, such as tax legislation, come January.

Full Story:
CFO
12/15/2017

A ranking by Bankrate looks at the best and worst large metropolitan areas for retirees based on factors such as weather, public transportation and health care.

More Summaries:
Bankrate
12/15/2017

The Internal Revenue Service has issued standard mileage rates for business, medical and moving expenses incurred in 2018. For the first time in a couple of years, the rates have increased slightly.

More Summaries:
Internal Revenue Service
12/15/2017

In anticipation of possible elimination or reduction of the state and local income tax deduction, some are suggesting taxpayers prepay 2018 state taxes in 2017. Here's why that probably wouldn't work.

More Summaries:
income tax
12/15/2017

The House and the Senate have been working to resolve differences in their respective tax bills. But that doesn't mean tax reform is a done deal. A lot has to happen before the bill gets to the president's desk. And once it's signed, we'll see a regulatory and legislative chain of events that will take years to complete.

Full Story:
AICPA Insights
More Summaries:
Senate, the House
12/15/2017

These high-tech gifts can provide holiday cheer for accounting professionals.

12/15/2017

Bates serves as vice president of finance and will become CFO on Jan. 1.

More Summaries:
Nick Bates, CFO, Liberty Tax
12/14/2017

In his latest blog post, IIA President and CEO Richard Chambers shares a list of his blog posts that resonated most with readers throughout 2017. "These top blog posts for the year reflect an eagerness by my readers to expand their knowledge of the profession and improve their service to their organizations," he writes.

More Summaries:
Richard Chambers
12/14/2017

"Star Wars: The Last Jedi" is entering theaters. Before you run to get tickets, ask yourself, "Am I up-to-date on the FASB's new credit-loss standard?" Even though the effective date might seem it's "in a galaxy far, far away," it's really not.

Full Story:
AICPA Insights
More Summaries:
FASB
12/14/2017

CPAs can help their clients by explaining the advantages of using a health savings account as an investment vehicle, rather than only a checking account for health care.

Full Story:
CPA Insider