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Las Vegas-based accounting firm Johnson Advisors recently visited local Red Rock Elementary School on June 7 as part of the firm’s annual Fourth of July Card Program. Each year, the firm partners with a local elementary school in Clark County to support the community’s young people and have them participate in the card program. This […]
Auditors are increasingly taking responsibility for fraud detection and cybersecurity at companies, whether they like it or not. “The bottom line is that if there’s fraud and the auditor did not discover the fraud, there’s a 99 percent chance that the auditor will be sued,” said Ralph Summerford, president of Forensic Strategic Solutions, a financial […]
Bogus gifts, job expenses; ‘varying fees’ for fraud; Crazy skin game; and other highlights of recent tax cases. Tustin, Calif.: Preparer Thomas P. Butcher, 62, of Rancho Santa Margarita, Calif., and former owner of the prep business First Quality Tax Services, has been sentenced to a year and a day in prison for preparing and […]
The driver behind MA is no longer always growth, according to Charles Hylan of the Growth Partnership.
(Bloomberg) A unit of Booz Allen Hamilton Holding Corp. is the focus of criminal and civil probes by the Justice Department related to how it billed the government for contracting work, the company disclosed in a filing. Booz Allen Hamilton Inc. was notified on June 7 that the Justice Department was investigating how the company […]
Ahead of next month’s Group of 20 summit in Germany, the International Federation of Accountants is urging world leaders to take steps to rebuild public trust by improving governance practices through all sectors of the economy. IFAC issued a set of recommendations Thursday for G-20 countries to support both the world economy and the G-20’s […]
Senate Finance Committee chairman Orrin Hatch, R-Utah, is asking for ideas, proposals and feedback on tax reform as efforts in Congress heat up on overhauling the federal tax code. Hatch leads one of the main tax committees in Congress. He recently expressed his openness to changing Senate budget rules to allow tax cuts to be […]
After every tax season, it’s tempting to do some spring cleaning, which often includes a massive dump of recently filed tax data. While many firms have migrated to paperless records, many still grapple with the issue of tax record retention. One of the most confusing questions clients ask their accountants is: what do I do […]
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