Accounting Today

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Financial Crimes Increasingly Become Cybercrimes

More financial crimes are turning into cybercrimes, according to a panel of experts who spoke last week at Pace University, requiring stepped up efforts from both law enforcement and financial professionals.

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Posted by Michael Cohn at 06:15PM | Comments (1)

States with High Income Taxes Outperform States with No Income Tax

Lawmakers in a number of states are considering either cutting or eliminating their state personal income taxes to boost economic growth, but a new report argues that states with high income taxes often outperform those without personal income taxes.

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Posted by Michael Cohn at 05:16PM | Comments (3)

Wealth Manager Targets CPA Firms for Partnerships

Accountants who want to offer wealth management services for clients can benefit from a knowledgeable partner, and that’s what Paul Saganey, president of Integrated Financial Partners, hopes to provide.

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Posted by Michael Cohn at 05:20PM | Comments (0)

Virtual Accounting Firm Rewards Virtual Employees with Real New York Bagels and Pizza

Web-based accounting service provider AccountingDepartment.com has found a new way to manage and motivate its remote employees this season.

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Posted by Michael Cohn at 04:07PM | Comments (0)

IRS Explains How to Cope with New 1099-K Notices

The Internal Revenue Service is offering advice to taxpayers and practitioners on how to respond to the new notices it is sending out when it finds problems with the new Form 1099-K information reports on payment card transactions.

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Posted by Michael Cohn at 01:10PM | Comments (2)

Study Questions Holders of Forensic Accounting Credentials

A new academic study examines whether forensic accountants exercised due diligence in investigating the corporations that issued their certifications prior to obtaining their certifications.

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Posted by Michael Cohn at 12:18PM | Comments (0)

State of the Union for Private Companies

Sageworks chairman Brian Hamilton offered his assessment of the State of the Union address for private companies.

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Posted by Michael Cohn at 05:59AM | Comments (0)

Tax Preparer Who Won IRS Case Expects Good Odds on Appeal

Elmer Kilian, one of the three tax preparers who won a lawsuit last month challenging the Internal Revenue Service’s authority to require testing and continuing education of tax preparers, thinks the chances are better than even that he and his fellow preparers will prevail if the IRS appeals the case.

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Posted by Michael Cohn at 03:51PM | Comments (30)

AICPA and IMA Continue Fight over Management Accounting Credential

The American Institute of CPAs and the Institute of Management Accountants are still battling over bragging rights on management accounting credentials, a year after the AICPA launched the Chartered Global Management Accountant designation in a joint venture with the Chartered Institute of Management Accountants.

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Posted by Michael Cohn at 05:33PM | Comments (0)

CCH SFS Deals with Problems in ATX Upgrade

A number of customers of CCH Small Firm Services have been complaining about problems with the latest version of the company’s ATX professional tax software, and the company said it has been working to address the bugs.

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Posted by Michael Cohn at 04:40PM | Comments (44)