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It’s that time of the year again — Accounting Today is putting together its VAR 100 ranking the top value-added resellers of accounting and accounting-related software by revenue. We are now accepting submissions for our 2016 ranking, so please contact technology editor Ranica Arrowsmith at ranica.arrowsmith@sourcemedia.com for full details and submission requirements. All submissions are due […]
(Bloomberg) House Ways and Means Chairman Kevin Brady said he’s open to reviewing parts of the House Republican tax blueprint as Congress looks for a path forward on trying to make U.S. businesses more competitive globally—even as Treasury Secretary Steven Mnuchin offered his most direct criticism of the plan yet. “We know there are legitimate […]
Attorneys and leeches; poker, pro sports and debt; effects of IRS tardiness; other highlights from our favorite tax bloggers. Tax Policy (http://taxfoundation.org/blog): U.S. Supreme Court justices recently declined to hear several challenges to a retroactive tax law passed by Michigan. As noted, the high court is asked to hear more than 8,000 cases a year […]
(Bloomberg) The U.S. Supreme Court refused to question a Michigan tax change that companies including IBM Corp. and Procter Gamble Co. say will hit them retroactively with a $1 billion bill. The companies argued that the change violates the U.S. Constitution and the Multistate Tax Compact, a 50-year-old agreement among states for dividing the taxes […]
There are two types of accountants—those who do their work with blinders and those with wide-open eyes. Both can do competent jobs for their clients, but the ones with the wide-open eyes grow and can do far better work for their clients. I like to think I am in the wide-open category. I thought about […]
KPMG LLP has begun construction on a $400 million, 55-acre facility for learning, development and technology innovation in Orlando, Florida. KPMG announced plans in January to construct the facility within Orlando’s Lake Nona community. The campus will include 800,000 square feet of space for classrooms, meeting rooms, residences and dining. KPMG hopes to complete construction […]
The American Institute of CPAs presented its budget and finances at its Spring Meeting of Council in Washington, D.C., on Monday as the organization undergoes a transformation into an international association with the Chartered Institute of Management Accountants. Eric Hansen, chair of the AICPA’s Audit Finance Committee, provided a summary of the financials for the […]
“The first step is to establish that something is possible, then probability will occur.” The tech and business giant Elon Musk may not have been talking about leveraging large client relationships when he made this observation, but it resonates beautifully. Not only is it possible and probable to boost firm revenue by focusing on the […]
The House Ways and Means Oversight Subcommittee held a hearing Friday featuring National Taxpayer Advocate Nina Olson to discuss how to improve operations at the Internal Revenue Service as Congress works on overhauling the tax code. “It has been nearly two decades since Congress last reviewed and updated the laws governing IRS operations,” Olson said […]
Accountants and tax professionals are responsible for a vast amount of their clients’ financial information – and as hackers proliferate and become more sophisticated in the methods they use to steal that information, it’s more important than ever to protect it. With that in mind, Nastassja Tejada, head of sales in the Accountant Advisor Program […]
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