The Latest

A former IRS revenue officer has been sentenced to nearly three-and-a-half years in prison for filing false tax returns through the tax prep business he operated after leaving the IRS.

SurePrep has added 1120, 1120S and 1065 preparation as a part of its outsourcing service, allowing firms to leverage the company’s technology and staff to prepare more types of tax returns.

An SEC administrative law judge has issued an initial opinion ordering Gilman Ciocia CEO Michael P. Ryan and chief compliance officer Rose M. Rudden to each pay a civil monetary penalty of $65,000 after one of the firm’s units misrepresented the variable annuities marketed to senior citizens in South Florida.

The American Institute of CPAs has published a free career development guide to help CPAs and other financial professionals obtain federal economic stimulus grants for training and certifications to increase their job prospects.

The Securities and Exchange Commission has suspended a CPA who was the former senior treasury manager and assistant treasurer at Peregrine Systems, a California enterprise management software company that was charged in 2003 with massive financial fraud.

H&R Block’s board has appointed Alan M. Bennett as its new president and CEO after Russ Smyth resigned to become CEO of a “large private company headquartered in his hometown of Chicago,” according to Block.

What’s it like to be spending your summer as a tax intern at Ernst & Young in New Jersey? One brave soul shares her experiences through a new blog on the New Jersey Society of CPAs' web site.

In a move to accelerate its value-added reseller and CPA channel initiatives, cloud accounting provider Intacct has hired channel veteran Taylor Macdonald as its new vice president of channels.

IMGCAP(1)]Ordinarily, a CPA would seem immune to the commonplace issues of poor cash flow and slow payment, but the reality is, these issues challenge every small business owner, including accounting professionals.

Rick Solomon, president and CEO of the RAN ONE network of accounting and professional services firms, thinks that CPAs should compete to be the biggest losers, of clients, that is.