PCAOB Deal with China Seen as Just the First Step
The Public Company Accounting Oversight Board’s long-awaited agreement with Chinese authorities doesn’t really give the PCAOB everything it has been seeking, such as the ability to inspect auditing firms in China, but it does take the PCAOB closer to its eventual goal.
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Posted by Michael Cohn at 05:34PM | Comments (0)
Former FASB Chairman Herz Sees Advances in Private Company Reporting
Robert Herz, the former chairman of the Financial Accounting Standards Board, stopped by the Accounting Today offices last week to talk about his new book, “Accounting Changes,” and film a video interview.
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Posted by Michael Cohn at 07:13PM | Comments (0)
IRS Releases More Draft FATCA Forms for Comment
The Internal Revenue Service has released for public comment draft versions of three forms for complying with the Foreign Account Tax Compliance Act, or FATCA.
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Posted by Michael Cohn at 06:35PM | Comments (0)
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 (2)
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.
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)
Search Accounting Today
Jason Marx on the Challenges and Opportunities Facing Accountants
June 17, 2013
CCH Small Firm Services president Jason Marx talks about the challenges confronting small accounting firms, including regulatory and tax compliance, technology adoption, and do-it-yourself software.
Jennifer Warawa on the 'On-Demand' Accountant
June 14, 2013
Jennifer Warawa, VP of partner programs and channel sales at Sage, discusses how accountants need to communicate more frequently with clients so they become more of an "on-demand" resource.
George Farrah on the Challenges and Opportunities Facing Accountants
June 14, 2013
Bloomberg BNA executive editor of tax and accounting George Farrah discusses how accountants today are dealing with the economy, technology, globalization and practice management.
Amit Jain on Three Key Trends in Accounting
June 13, 2013
Amit Jain of ADP Small Business Services discusses how the accounting firm of tomorrow will be different from accounting firms today.
SLIDE SHOW
Protecting Clients from Tax-Related Identity Theft
May 31, 2013
Tax-related identity theft is a continuing problem, and a trustworthy tax preparer is an important part of the solution.
10 Simple Revenue Boosters to Start Now
May 28, 2013
Are your prospects choosing another accounting firm just because of price? There are ways to boost your image to earn a premium fee and leave low-price competitors behind.
Tax Season by the Numbers
May 22, 2013
The IRS recently released statistics covering the year to May 10, 2013.
Top 10 Tech Initiatives -- 2013
May 5, 2013
The AICPA's annual list of IT priorities for accounting firms.
