Accounting Today

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AICPA Aims for Greater Diversity in Accounting

The American Institute of CPAs has created a National Commission on Diversity and Inclusion that has been working to address the disparities in representation of minorities in the accounting profession.

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Posted by Michael Cohn at 07:59AM | Comments (3)

Tax Fairness Coalition Issues Twitter Challenge to Grover Norquist

On the heels of a new Twitter page and Web site for tax reform launched by the leaders of Congress’s two main tax committees, a coalition of advocacy groups has issued a Twitter challenge to Grover Norquist’s influential lobbying group, Americans for Tax Reform.

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Posted by Michael Cohn at 05:26PM | Comments (1)

CPACA Releases Succession Planning Video and Study

The CPA Consultants' Alliance has produced an animated video to accompany a research study on CPA firms’ challenges when their leaders contemplate succession planning.

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Posted by Michael Cohn at 03:26PM | Comments (0)

New Jersey CPA Shows off His Unusual “Crib”

For Martin Abo, home decorating might mean a trip to the local novelty shop.

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Posted by Michael Cohn at 04:52PM | Comments (0)

Government Reduces Man’s Tax Refund Because of Social Security Overpayment in 1971 to His Mother

A strange story of bureaucratic overzealousness emerged in Florida last week when a local media outlet reported that a Jacksonville man had his tax refund cut by $895 because the Social Security Administration found it had overpaid his now-deceased mother by that amount 42 years ago.

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Posted by Michael Cohn at 04:17PM | Comments (2)

IRS Proposed Health Care Reform Regs Could Discourage Wellness Programs

The IRS has released proposed regulations on the minimum value of eligible health care plans in terms of the health insurance premium tax credit, and the proposed rules could mean that many employers won’t be able to include their wellness programs within the minimum coverage requirements.

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Posted by Michael Cohn at 07:20AM | Comments (0)

Stock Option Tax Break Saved Fortune 500 over $27 Billion in 3 Years

A tax break for executive stock options has saved 280 of the largest corporations an estimated $27.3 billion over the last three years, according to a new report.

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Posted by Michael Cohn at 05:58PM | Comments (0)

Mid-market Execs Expect Modest Growth This Year

Mid-market executives believe their own businesses are poised for growth but are taking a more realistic view of the growth prospects for the overall U.S. economy in 2013, according to a new report by Deloitte.

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Posted by Michael Cohn at 07:36PM | Comments (0)

Shirley Jones and the Temple of Doom

Accountants can finally take a breather from a stressful tax season, and now’s a great time to check out some new technology for the office and a place they probably haven’t been seeing a lot of lately—home.

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Posted by Michael Cohn at 06:56PM | Comments (0)

PCAOB Could Toughen Auditor Rules after KPMG Insider Trading Case

The high-profile insider trading case involving a KPMG lead audit partner could add fresh impetus to a Public Company Accounting Oversight Board proposal for auditors to add their names to audited financial statements.

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Posted by Michael Cohn at 05:05PM | Comments (1)