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Month: May 2017

Last chance for Best Firms to Work For applications

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May 14, 2017
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| Tax News And Info

The window for submitting to participate in the 2017 Best Accounting Firms to Work For list has been extended to the end of the day on Monday, May 15. The list, which is created by Accounting Today and Best Companies Group, ranks the best workplaces in the accounting profession across the country and is now […]

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Posted in Tax News And Info Tagged irs, tax news

People on the move: Eide Bailly admits 15 partners

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May 14, 2017
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Firms on the move: RSM and Cohen & Co. to open Detroit offices

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May 14, 2017
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Convert staff into your merger militia

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May 13, 2017
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| Tax News And Info

When CPA firm leaders are in discussions to merge with another firm, the conversation at some point turns to the importance of staff retention and engagement over the short and long term. For a successful merger, it’s incredibly important to make sure team members understand the changes and what’s in it for them, and equally […]

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Posted in Tax News And Info Tagged irs, tax news

Trump lawyers: Tax returns show little income from Russians

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May 13, 2017
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(Bloomberg) President Donald Trump’s personal lawyers said in a letter that his tax returns from the past 10 years show that—with a few exceptions—he received no income from Russian sources and owed no debts to Russian lenders. An independent tax lawyer questioned the letter’s value. “It’s kind of a silly letter,” said Michael Kosnitzky, who […]

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Posted in Tax News And Info Tagged irs, tax news

PwC fined £5M for audit misconduct in U.K.

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May 13, 2017
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PricewaterhouseCoopers’ firm in the United Kingdom was fined a record £5 million ($6.4 million) by the U.K.’s Financial Reporting Council for its audits of Connaught, a social housing maintenance business that collapsed in 2010. PwC was also ordered Thursday to pay the FRC Executive Counsel’s costs and to make an interim payment on account of […]

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Posted in Tax News And Info Tagged irs, tax news

California CPA prevails over fingerprint requirements

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May 12, 2017
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| Tax News And Info

A California CPA has won a key ruling in a suit against the California Board of Accountancy claiming it is improperly enforcing a fingerprinting requirement. Ned Leiba of the Stockton-based firm of Leiba Bowers CPAs objected to a recent requirement from California regulators mandating “live scan” fingerprints from many members of boards, commissions, licensees and […]

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Posted in Tax News And Info Tagged irs, tax news

Net@Work acquires HRMS practice, appoints first director of partner success

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May 12, 2017
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Business technology solutions provider Net@Work acquired the Sage HRMS (Abra) practice of Cost Management Services, a fellow Sage certified business customer. CMS clients will have immediate support from the Net@Work employer solutions team and access to Net@Work’s portfolio of business solutions, including ERP and accounting, cloud, document management, CRM, ecommerce payments, and IT-related services. Net@Work […]

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Posted in Tax News And Info Tagged irs, tax news

Corporate tax planning in a time of uncertainty

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May 12, 2017
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CPAs and their business clients and corporate tax departments need to consider different scenarios for the possible corporate tax reforms now being weighed in Congress. “The good news is that for taxpayers in the corporate tax space, they have opportunities that are available to them when tax reform is afoot,” said Diane Tinney, director of […]

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Posted in Tax News And Info Tagged irs, tax news

Help your clients save on credit card processing fees

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May 11, 2017
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Credit card use has permeated almost every industry, with an estimated 30 million businesses accepting credit cards worldwide. The percentage of payments accepted via credit card continues to increase in all industries; including over 20 percent increases in industries such as business-to-business (manufacturers, distributors and wholesalers), professional services and health care. In 2016, the volume […]

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Posted in Tax News And Info Tagged irs, tax news
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