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  • The House Ways and Means Committee this afternoon released a bill that would provide tax relief to those impacted by the recent hurricanes.  It is expected the bill will receive consideration in the House and Senate in the very near future. Enactment ...

  • Brian L. Thompson, CPA, of Bailey & Thompson Tax & Accounting in Little Rock, AR was elected President of the National Society of Accountants (NSA) at its recent 72nd Annual Convention in Reno, NV. He will serve in the position for one year. Thompson ...

  • The IRS today released Announcement 2017-13  which provides relief to victims of Hurricane Irma, which caused damage to Florida and several other areas.  It permits easier access to victims’ funds held in workplace retirement plans and in IRAs, for ...

  • The Internal Revenue Service today warned people to avoid a new phishing scheme that impersonates the IRS and the FBI as part of a ransomware scam to take computer data hostage. The scam email uses the emblems of both the IRS and the Federal Bureau ...

  • The Financial Accounting Standards Board on August 3 issued a proposed Accounting Standard Update (ASU) intended to clarify and improve the scope and the accounting guidance for contributions received and made, primarily by not-for-profits. FASB requested ...