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From my observation there appears to be a major vision problem with CPA firms: no formal strategic plan for growth other than mergers and acquisitions.
January 6 -
Democrats in Congress plan to renew their efforts next week to extend the Emergency Unemployment Compensation program that expired on December 28.
January 3 -
The Internal Revenue Service has returned to offering videos to help taxpayers cope with tax season, while avoiding the spoofs of old TV series like Star Trek and Gilligans Island that landed IRS officials in hot water last year.
January 3 -
Check out the digital edition of the January 2014 issue of Accounting Today.
January 3 -
CliftonLarsonAllen has acquired Bankers Advisory Inc., a Belmont, Mass.-based consulting firm that works with mortgage institutions on regulatory compliance and quality control.
January 3 -
The airline industry and one of its prominent allies are gearing up to fight a possible push in the U.S. Congress to tax baggage fees and other air-travel charges as a way to generate additional federal revenue.
January 3 -
H. Ty Warner, the billionaire creator of Beanie Baby plush toys, asked a judge to give him probation, not prison, for evading taxes on secret Swiss accounts that held as much as $107 million.
January 3 -
Wipfli LLP has added the partners and associates of Tinley Park, Ill.-based The Condon Group Ltd. to the firm.
January 3 -
An additional tax of 10 percent is charged on premature withdrawals from a qualified retirement plan, SIMPLE plan or IRA. The additional tax is 10 percent of amounts withdrawn that are includible in gross income. The rules and exceptions are intricate enough that they dont need to be complicated by things like fraudulent withdrawals by a soon-to-be former spouse. But thats what happened to Andrew Roberts, whose wife withdrew funds from his IRAs without his knowledge.
January 2 -
The Internal Revenue Service has issued a revenue procedure providing a safe harbor to those who invest in renovations of historic commercial buildings, addressing concerns stemming from a 2012 appeals court decision that upset users of historic tax credits, or rehabilitation credits.
January 2
