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A roundup of audit and accounting news from the previous month
September 1 -
Some of our favorite recent tax fraud cases.
August 29 -
The Internal Revenue Service has issued a notice warning businesses not to get caught in backup withholding if the name and taxpayer identification number submitted on a Form 1099-K doesnt match the IRSs other records.
August 29 -
One time I was asked to audit a hotel in Florida that was going to be foreclosed on by the mortgagor and for which I was paid in advance. The audit was planned and scheduled, and it looked like we had everything under control from our end as much as we could.
August 29 -
The Internal Revenue Service has released a set of long-delayed draft instructions for the forms that companies need to file to comply with the employer mandate in the Affordable Care Act.
August 29 -
Deloitte Digital and Salesforce.com will be teaming up to create a digital business practice via the Salesforce1 Community Cloud.
August 29 -
Ridgeland, Miss. accounting firm Horne LLP is fed up - not with a person, pesky law, or another company (thankfully). Rather, the $67 million firm is setting its sights on the formalities of accounting firm culture, going so far as producing a nearly six-minute trailer for "The HORNE Identity: Connect the Dots"; a cinematic take on Horne's anti-traditional views in a rapidly-changing workplace.
August 29
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The Financial Accounting Standards Board has released a proposed 2015 GAAP Financial Reporting Taxonomy for public review and comment, containing computer-readable financial reporting labels coded in Extensible Business Reporting Language, or XBRL.
August 29 -
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The Tax Court has held that the value of an airline ticket received in the redemption of thank you award points from a bank must be included in gross income.
August 29 -
The receipt of a comment letter from the Securities and Exchange Commission induces many top executives to start selling shares in their companies before the letters are released to the public, according to a new study.
August 29 -
The Securities and Exchange Commission said Friday it has issued a whistleblower award of more than $300,000 to a company employee who performed audit and compliance functions and reported wrongdoing to the SEC after the company failed to take action when the employee reported it internally.
August 29 -
A collection of recent accounting firm mergers and acquisitions
August 29 -
While both houses of Congress have addressed the passage of tax extender legislation, it is unlikely that anything will come of their efforts until after the midterm elections. One of the expired provisions that havent yet been extended is the R&D, or research, credit. If any provisions do get extended, this is one that will be in whatever package makes it to the Presidents desk for his signature.
August 28
