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Chicago News, Sports, Weather, Traffic, and the Best of Chicago | Accountants in Deerfield, IL: Jeffrey B. Travis | Deerfield, IL

Chicago News, Sports, Weather, Traffic, and the Best of Chicago | Accountants in Deerfield, IL: Jeffrey B. Travis | Deerfield, IL

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Chicago News, Sports, Weather, Traffic, and the Best of Chicago | Accountants in Deerfield, IL: Illinois Patch: Jeffrey B. Travis

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Debrief encounter: Tax season 2018 do-overs

Debrief encounter: Busy season do-overs
Preparers share how they'd change things if they could do 2018 over again.

Big Four increase audit fees as tenure grows
Even as their job gets easier, the largest auditors impose greater charges the longer they’re auditing a company, according to a new academic study.

PCAOB fines Deloitte $500,000 for faulty audits of Jack Henry
The Public Company Accounting Oversight Board censured Deloitte & Touche LLP and imposed a $500,000 penalty against the Big Four firm for overlooking material accounting errors during three consecutive audits of Jack Henry & Associates, Inc., a Missouri-based IT provider for banks and credit unions.

Jeff Travis, CPA

Audit report changes are having a positive impact

Recent changes to international standards for audit reports have improved the quality of information that’s available to investors, and had a positive impact on wider elements of financial reporting, including governance and corporate reporting, according to a new report from the Association of Chartered Certified Accountants.

Businesses get extension relief for winter storms: The IRS is allowing many companies extra time to file the income tax returns.

Block to offer clients credit scores and analysis. The tax prep chain has partnered with online lender LendingTree. IIA and Grant Thornton release book on data analytics for internal auditors. The Institute of Internal Auditors and Grant Thornton have published a new book on using data analytics within the internal audit function.

Taxpayers dissatisfied with tax reform law

Fewer than four out of 10 taxpayers are happy with President Trump’s recent tax reform law, according to a new survey.

IRS offers more info on transition tax for multinationals:  The Internal Revenue Service provided additional information Tuesday to help corporate taxpayers deal with the new section 965 transition tax for repatriating foreign profits under the tax law that Congress passed in December.

Cryptocurrencies and taxes: A primer | Clients may face unexpected tax consequences from transactions with these digital assets.



1.35M taxpayers could see their IRS penalties automatically removed each year

IRS attorneys clear the way for automatic first-time penalty abatement.

With the long march to April 15th underway, a special report to uncover everything tax preparers need to know, from the latest regulatory and legislative updates, to technology developments, staffing issues, and more.