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Accounting Newswire

  • IIA Launches American Center for Government Auditing

    March 27, 2014

    The Institute of Internal Auditors has created an American Center for Government Auditing and compiled an inaugural list of the Most Influential Professionals in Government Auditing in recognition of professionals who have positively impacted the practice of auditing in the public sector.

  • Online Tax School Offers Scholarships to Future Tax Preparers

    March 27, 2014

    With the April 15 tax day quickly approaching, a leading online tax preparer school is offering its own kind of relief in the form of student scholarships.

  • IRS Provides Guidance on Health Insurance Premium Tax Credits for Victims of Domestic Violence

    March 27, 2014

    The Internal Revenue Service is providing guidance for 2014 that will allow taxpayers who are the victims of domestic violence to satisfy a joint filing requirement with a married-filing-separate return in order to obtain the Affordable Care Act's premium tax credit.

  • Judge Gives Anchin a Retrial in Patricia Cornwell Lawsuit

    March 27, 2014

    A federal judge has dismissed several of the claims by best-selling crime novelist Patricia Cornwell and set aside a jury verdict last year that awarded her $50.9 million in a lawsuit against her former accounting firm, Anchin Block & Anchin LLP, while granting the firm a new trial.

  • Senate Democrats Introduce Tax Cut Bill for Workers

    March 26, 2014

    Senate Budget Committee Chairman Patty Murray, D-Wash., and two other prominent Senate Democrats introduced legislation Wednesday to update the Tax Code to help workers and families keep more of what they earn, but also double the penalty on tax preparers who do not follow the Internal Revenue Service’s due diligence requirements for claiming the Earned Income Tax Credit.

  • Accountants' Confidence on Downward Slide

    March 26, 2014

    The accounting profession's expectations for economic growth headed downward again, with drops in both their short-term and mid-term forecasts, according to the March edition of Accounting Today’s monthly Accountants Confidence Index.

  • IRS Employees Warned to Beware of Dangerous Tax Preparers

    March 26, 2014

    The Internal Revenue Service needs to do better at enabling its frontline employees to identify potentially dangerous tax practitioners, according to a new government report that found at least 84 taxpayer representatives who represented a threat to IRS employees and at least two instances of physical assault.

  • In the Blogs: Selfie-Involved

    March 26, 2014

    Highlights of some of our favorite tax-related blogs from the past week.

  • More Companies Using Cash-Based Long-Term Incentives

    March 26, 2014

    An increasing number of employers are using cash-based long-term incentives as part of their employee compensation programs, according to a new survey.

  • Supreme Court Rules Severance Pay Can Be Taxed

    March 26, 2014

    The U.S. Supreme Court decided in favor of the Obama administration in a dispute over taxes on severance compensation, overturning a lower court decision that could have forced the IRS to refund more than $1 billion.

  • Tax Court Weighs Badges of Fraud in Ruling

    March 25, 2014

    The Tax Court, adding and subtracting “badges” of fraud, has found a California business owner and his companies not liable for a 75 percent civil fraud penalty.

  • IRS Says Bitcoin Counts as Property for Tax Purposes

    March 25, 2014

    The Internal Revenue Service issued a notice Tuesday saying that Bitcoin and other virtual currencies should be treated as property for federal tax purposes and the general rules for property transactions should apply.

  • Caribbean-Based Advisers Charged in Money-Laundering Sting

    March 25, 2014

    Three Caribbean-based men who helped Americans hide assets from U.S. tax authorities were charged in a sting operation with laundering what they were told was dirty money.

  • Caterpillar Previews Tax Defense for Senate Offshore Hearing

    March 25, 2014

    Caterpillar Inc. began defending its international tax maneuvers as a U.S. Senate investigative panel set an April 1 hearing to examine the company’s “offshore tax strategy.”

  • Audit Chiefs Look for Ways to Maximize Efficiency

    March 25, 2014

    Chief audit executives are increasingly using strategies to drive up efficiency in the internal audit process, including a “one-to-many approach.”

  • IRS Offers Tax Extension to Colorado Flood Victims

    March 25, 2014

    The Internal Revenue Service is providing taxpayers in Colorado an extension until Oct. 15, 2014 to decide when to claim disaster losses arising from last September’s flooding.

  • Madoff Jurors Said Five Aides Were Bernie’s Willing Soldiers

    March 25, 2014

    The five former Bernard Madoff aides on trial for perpetuating the biggest Ponzi scheme in U.S. history never had a chance once deliberations began, jurors who delivered a guilty verdict on all 31 counts said.

  • IRS to Make Limited Use of Offshore Bank Data from FATCA

    March 25, 2014

    The Internal Revenue Service initially will make limited use of information supplied by other governments about U.S. citizens’ offshore holdings because of budget constraints, Commissioner John Koskinen said.

  • Former IRS Acting Commissioner Werfel Joins Consulting Firm

    March 24, 2014

    Danny Werfel, the former acting commissioner of the Internal Revenue Service, who stepped in last year to try to turn around the agency in the aftermath of a series of scandals, has now joined the Boston Consulting Group’s public sector practice as a director.

  • GASB Votes against Delay in New Pension Standards

    March 24, 2014

    The Governmental Accounting Standards Board voted unanimously Monday not to delay the implementation date of its new pension accounting and financial reporting standards, despite requests from various groups for an indefinite delay.


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Trends in the Accounting Profession

April 18, 2014

Jim Metzler, former AICPA vice president of small firm interests, and founder of Metzler Advisory Group, talks about how the CPA profession is changing.

Lessons in M&A: Client and Staff Retention

April 14, 2014

Transition Advisors president Joel Sinkin talks about what firms should do after a merger to retain their clients and staff members.

Are You Missing These Growth Opportunities?

April 2, 2014

Gale Crosley of Crosley + Company discusses the practice areas and international opportunities that firms often overlook in trying to grow.

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SLIDE SHOW

Dumbest Employee Excuses for Being Late

March 31, 2014

Running a little late could have big repercussions, especially at a firm in the midst of busy season. From escaped zebras to must-see TV, employers told CareerBuilder some of the most memorable excuses they've heard from tardy employees.

Common Taxpayer Misconceptions

March 19, 2014

The NAEA’s collection of ridiculous things tax clients believe.

The 10 Fastest-Growing Firms in the U.S.

March 10, 2014

The firms with the highest 2013 revenue growth in our Top 100 Firms/Regional Leaders list.

Top 10 Tech Trends for 2014

March 3, 2014

As companies gain more affordable access to new technology and platforms, they also seek to make smarter investments.

Strangest Tax Deductions

January 31, 2014

The Minnesota Society of CPAs recently conducted its annual survey about the most strange and unusual tax deductions proposed by clients.

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