Slide Show: Tax Season by the Numbers

The IRS recently released statistics covering the year to May 10, 2013. Read more »

USU Team Wins Two Categories of Deloitte Best Practices Competition

Three students of the Beta Alpha Psi accounting club at Utah State University’s Jon M. Huntsman School of Business recently took first place... Read more »

IRS Commits Fraudulent Transfer

Usually when we hear a discussion about fraudulent transfers, it is in the context of a client who has just been sued and now wants to protect his... Read more »

ParenteBeard Taps O'Neill as Regional MP

Joseph O'Neill has been named regional managing partner at the firm's Philadelphia office. O’Neil succeeds Paul Kinmartin, who is expanding... Read more »

News

PCAOB Signs Enforcement Cooperation Agreement with Chinese Regulators

Breakthrough deal with Chinese authorities gives PCAOB access to work papers at Chinese audit firms, but stops short of giving it the right to conduct inspections. Read more »
Government News

Congress Introduces Pension Relief Bill for Girl Scouts and Other Charities
More Tax Preparers File Brief in Support of Lawsuit against IRS

Enrolled agents, CPAs, a former IRS agent and the Tax Foundation back preparers who successfully sued the IRS to stop its mandatory testing and continuing education program. Read more »
PCAOB Exposes Further Problems with Ernst & Young Audits

Previously confidential quality control criticisms from 2009 inspection are made public after E&Y fails to address them to PCAOB's satisfaction. Read more »
IRS Exempt Organization Director Lois Lerner Replaced on an Acting Basis

Mid-level IRS official at the center of controversy is placed on administrative leave on an involuntary basis after taking the Fifth Amendment. Read more »
Senators Introduce Bill Requiring Federal Employees to Pay Tax Debts

A pair of senators have introduced a bipartisan bill that would suspend federal employees if they willfully neglect to pay their taxes. Read more »

GAO Offers Suggestions for Improving IRS Examinations

The Internal Revenue Service, currently under fire in Congress for its screening of applications for tax exempt status by conservative groups, could also use some improvement in the way it conducts examinations of individual tax returns, according to a new government report. Read more »
Mary J. Blige Faces $3.4 Million IRS Tax Lien

Singer Mary J. Blige has been hit with a $3.4 million tax lien from the Internal Revenue Service for unpaid taxes from 2009 to 2011. Read more »
Europe Takes Steps against Corporate Tax Maneuvers

European Council of Ministers agrees to combat the use of corporate tax strategies that shift profits to low-tax countries. Read more »
IRS Hearings Express Lawmakers’ Outrage

The first round of congressional hearings on the Internal Revenue Service’s scrutiny of small-government groups didn’t reveal the people who started that practice or provide clearer answers on why they did it. Read more »
Legal Watch

IRS Employee Charged with Embezzlement in Amazon Spree
Debt is Biggest Concern for Millennials

Fifty-four percent of millennials said that debt is currently their biggest financial concern, according to a new survey. Read more »

Insights

Paul Mancinone

Taxing Times for the Restaurant Industry

May 24, 2013

NYSSCPA awards 2013 Excellence in Accounting Scholarships

The New York State Society of CPAs’ Foundation for Accounting Education announced the 67 New York students receiving Excellence in Accounting Scholarships for the 2013-14 school year. Read more »
May 23, 2013

KPMG gives career tips to Staten Island NAF students

KPMG partnered with the career-themed academy network the National Academy Foundation and human resource-development organization Ceridian to provide career planning skills to Staten Island students at the Susan E. Wagner High School Academy of Finance May 1. Read more »
May 22, 2013

USU team wins two categories of Deloitte Best Practices competition

Three students of the Beta Alpha Psi accounting club at Utah State University’s Jon M. Huntsman School of Business recently took first place in two areas of the Deloitte Best Practices competition. Read more »
May 21, 2013

ICPAS hosts Young Professionals Leadership Conference

The Illinois CPA Society will be hosting the Young Professionals Leadership Conference in Chicago May 31. Read more »
May 20, 2013

Get more from your marketing

Marketing and sales are time-consuming but necessary to getting more business. For most CPAs with whom I work, time is always a challenge. Most think doing more is the answer, but not always. Read more »
May 17, 2013

Weaver supports Feed the Children with funds, volunteers

The Weaver Private Foundation named Feed the Children its Charity of Choice for fiscal year 2012-13, contributing $45,000 to the organization in conjunction with local partner agencies where the Southwest accounting firm has offices. Read more »

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What's the Biggest Opportunity for Accountants Today?

May 24, 2013

Guests at the Meet the Editors dinner at Keens Steakhouse in New York give their assessments of the many opportunities available to accountants for growing their practices.

What's the Biggest Threat or Challenge Facing Accountants?

May 22, 2013

Attendees at Accounting Today's Meet the Editors Dinner at Keens Steakhouse in New York discuss the top issues confronting accountants.

Women in Accounting: Breaking the Mold

May 21, 2013

A continued conversation with Marcum’s Nanette Lee Miller and Janis Cowhey McDonagh about the obstacles women in the accounting profession face when trying to make their way into leadership positions.