May 8, 2015

CFOs Plan Employee Promotions and Raises

A new survey from the staffing company Accountemps of 2,200 CFOs across the U.S. found that 63 percent plan to promote their top performers, while 52 percent intend to offer raises.

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Posted by Michael Cohn at 04:34PM | Comments (0)

May 6, 2015

Investors Unhappy with FASB Simplification of Accounting Standards for Private Companies

A new study questions the wisdom of the Financial Accounting Standards Boardís initiative to simplify accounting standards for private companies.

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Posted by Michael Cohn at 06:33PM | Comments (1)

May 5, 2015

IRS Tax-Exempt Scandal Never Ends

The Treasury Inspector General for Tax Administration released a report last week showing that the Internal Revenue Service has made significant progress in processing applications for tax-exempt status from organizations, but itís not enough to satisfy critics of the agency.

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Posted by Michael Cohn at 02:57PM | Comments (13)

May 4, 2015

FATCA Pressures Taxpayers to Reveal Accounts to IRS

The Foreign Account Tax Compliance Act is meeting with some success in prompting foreign banks to disclose the holdings of U.S. taxpayers to the Internal Revenue Service, according to a former IRS official.

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Posted by Michael Cohn at 11:20AM | Comments (5)

May 1, 2015

South Carolina Governor Nikki Haley Declares CPA Day

Itís official. Governor Nikki Halley has declared May 6 to be CPA Day in South Carolina.

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Posted by Michael Cohn at 01:36PM | Comments (0)

April 28, 2015

IMA Survey Finds Little Impact on Hiring Plans from Affordable Care Act

Senior financial professionals polled by the Institute of Management Accountants reported little impact on their hiring plans as a result of the Affordable Care Act.

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Posted by Michael Cohn at 05:10PM | Comments (0)

April 27, 2015

AICPA Releases Q&As on Real Estate Settlement Services

The American Institute of CPAs has issued a set of questions and answers on the services a practitioner can provide in connection with the American Land Title Associationís Best Practices Framework for real estate settlement.

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Posted by Michael Cohn at 04:24PM | Comments (0)

April 23, 2015

Rosenberg Associates Opens Annual CPA Firm Survey

Rosenberg Associates has begun its annual survey of CPA firms.

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Posted by Michael Cohn at 04:10PM | Comments (0)

April 21, 2015

Museum of Sex Didn't Pay Sales Taxes

New York Cityís Museum of Sex hasnít paid any sales taxes for four years and is now facing an $82,192 tax lien from state tax authorities.

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Posted by Michael Cohn at 02:00PM | Comments (0)

April 20, 2015

Financial Worries Linger Despite Economic Growth

Even though the economy is doing relatively well this year, that doesn't mean the average person isn't still worried about their own financial outlook.

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Posted by Michael Cohn at 05:31PM | Comments (0)


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