Accounting Today

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Intuit Readies Software for Another Turbulent Tax Season

Intuit has been keeping abreast of all the developments with the recently enacted tax legislation, but the tax prep software giant is warning that its software is still dependent on the Internal Revenue Service updating all of its forms, schedules and instructions on time.

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Posted by Michael Cohn at 06:18PM | Comments (0)

Like-Kind Exchanges Run Amok

Some of the largest corporations are relying on like-kind-exchanges to lower their tax bills, in some cases pushing the boundaries of what the Internal Revenue Service will allow under the law.

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Posted by Michael Cohn at 03:51PM | Comments (0)

Dealing with Smaller Take-Home Pay after Fiscal Cliff

With the expiration of the payroll tax cuts, the majority of workers will be facing smaller amounts of take-home pay starting this month, but the American Institute of CPAs has some timely financial advice.

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Posted by Michael Cohn at 03:37PM | Comments (0)

Santa in Trouble with the IRS

Christmas always brings out the satirical bent in a lot of folks, and this holiday season has been no exception, with stories suggesting the beloved Santa Claus is running afoul of the tax authorities.

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Posted by Michael Cohn at 04:03PM | Comments (2)

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Accounting Firms Escaped Securities Lawsuits This Year

Accounting firms have frequently found themselves in the cross-hairs of class-action lawsuits filed by shareholders over their audits of public companies, but that trend may be changing.

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Posted by Michael Cohn at 06:30AM | Comments (0)

Firm Consultant Re-enacts Her Version of ‘A Christmas Story’

Just in time for the holiday season, CPA firm consultant Rita Keller of Keller Advisors has decided to do her own version of a scene from the now-classic Jean Shepherd movie “A Christmas Story,” adapted for accountants.

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Posted by Michael Cohn at 05:39AM | Comments (1)

Grover Norquist Gives Boehner’s Plan B a Thumb’s Up

Americans for Tax Reform, the Grover Norquist-led lobbying group that asks politicians to sign a pledge not to raise taxes, and then holds them to it, has given its seal of approval to the “Plan B” that House Speaker John Boehner, R-Ohio, has proposed for raising taxes only on millionaires, in case he and President Obama are unable to reach an agreement to avert the fiscal cliff.

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Posted by Michael Cohn at 02:25PM | Comments (2)

Latest J.K. Lasser Tax Guide Released

John Wiley & Sons has released the latest version of J.K. Lasser’s venerable tax guide, a reference book that has assisted millions of taxpayers, not to mention tax preparers.

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Posted by Michael Cohn at 04:16PM | Comments (0)

Patriotic Millionaires Pleased with Boehner’s Tax Turnabout

The Patriotic Millionaires, an advocacy group of well-heeled taxpayers who say they want to pay more in taxes, is suddenly taken with Speaker of the House John Boehner, R-Ohio.

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Posted by Michael Cohn at 07:09PM | Comments (3)

Researcher Foresees Regulation of Forensic Accountants

A recently published academic paper asks the thorny question, “Should the forensic accounting profession be regulated?”

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Posted by Michael Cohn at 05:01PM | Comments (0)