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Democrats in the Senate and House proposed a bill aimed at ensuring billionaires pay a "fair share" of taxes, without actually raising their tax rate under current law, while Republicans advanced tax legislation of their own pertaining to the Internal Revenue Service and the U.S. Tax Court.
Tax management platform Instead is planning to offer completely free tax return preparation and filing for Forms 1040, 1041, 1120, 1120-S and 1065.
The Financial Accounting Standards Board posted an accounting standards update to update the guidance on accounting for internal-use software costs.
IFRS Foundation appoints new trustee; IPSASB announces new and returning board members; and more news from across the profession.
The National Association of State Boards of Accountancy and the American Institute of CPAs today released an exposure draft proposing changes to Continuing Professional Education standards.
More than 1,000 (69%) of the 1,458 exchange-listed EGCs are audited by larger firms, the PCAOB found.
