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The Financial Accounting Standards Board is sifting through dozens of comment letters providing feedback to a proposed update to accounting standards as part of its comprehensive effort to improve disclosures. In this particular proposal,...

source: Compliance Week

During the U.S. Senate Committee on Banking, Housing and Urban Affairs hearing on cryptocurrency and blockchain technology regulation, Senate Banking Committee Chairman Mike Crapo, R-Idaho, shared his belief that the United States will not be able to ban bitcoin. “I’m...

source: Forbes

Kansas plans to impose what some tax experts said would be the nation's most aggressive policy for collecting state and local taxes on online sales, possibly inviting a legal battle. The state Revenue Department issued a notice saying any "remote seller" doing business...

source: The Associated Press via Voice of America

There were 335 standard sales tax rate changes in the U.S. in the first half of 2019, a 5% increase from the same period in 2018. That's according to the latest bi-annual Tax Rate Report issued by Vertex Inc., a provider of tax technology...

source: CPA Practice Advisor

Real estate investors who want to maximize the return on investment from participating in the opportunity zone program will reap extra tax breaks if they finalize the transaction before the end of the year, but one expert is still urging...

source: Accounting Today

The Trump administration’s tax cuts have had little direct impact on business investment decisions, according to an analysis by the International Monetary Fund, which runs contrary to the White House’s portrayal of lower corporate rates as a boon for capital...

source: Bloomberg

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