Automated Data Processing expects to take about $296 million in pre-tax charges in the fourth quarter ending December 31. The charges are a combination of $46 million in what the company says are transformation charges and roughly $250 million stemming from a voluntary early retirement program.

The number tax returns filed continued to rise as tax season ended.  For the season through April 27, the Internal Revenue Service received 139,903,000 returns, an increase of 1.7 percent 137,496,000 for the period ended April 28, 2017. That was a noticeable acceleration for the period ended April 20, when the number of returns received were .9 percent over the corresponding period in 20

The Financial Reporting Executive Committee of the American Institute of CPAs has issued working drafts of several accounting issues. The drafts are issues related to the implementation of Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers.