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Month: June 2017

CorpNet launches partner program for accountants

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June 14, 2017
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| Tax News And Info

CorpNet, which provides business formation and compliance services, has launched a partner program for CPAs accounting firms. Firms and practitioners can become resellers of the company’s legal and business services, which can be white-labeled for the firm; or become a referral partner, earning 50 percent commission on new business. Founder and CEO of CorpNet Nellie […]

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Posted in Tax News And Info Tagged irs, tax news

IRS simplifies surviving spouse portability election

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June 13, 2017
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The Internal Revenue Service has released a revenue procedure that offers an easier way to get an extension of time to file a return to opt for portability of the deceased spousal unused exclusion amount. Revenue Procedure 2017-34 applies to estates that aren’t typically required to file an estate tax return because the value of […]

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Posted in Tax News And Info Tagged irs, tax news

Grant Thornton expands in the West Indies by merging with former BDO firm

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June 13, 2017
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A Grant Thornton firm in the West Indies has merged in a former BDO firm to expand its presence in the Caribbean. Grant Thornton Windward Islands, the member firm for the four English-speaking countries that make up the Windward Islands—Dominica, St. Lucia, St. Vincent and the Grenadines, and Grenada—combined with Patterson Co. (formerly BDO) in […]

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Posted in Tax News And Info Tagged irs, tax news

SOX compliance still costs companies heavily

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June 13, 2017
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Fifteen years after passage of the Sarbanes-Oxley Act, companies are still finding the costs of compliance heavy in terms of both dollars and man hours, according to a new report. The report, from the consulting firm Protiviti, found the average costs depend in some respects on the number of locations at an organization. While companies […]

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Posted in Tax News And Info Tagged irs, tax news

People on the move: FreedMaxick names new managing director

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June 12, 2017
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SEC names new co-directors of enforcement

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June 12, 2017
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The Securities and Exchange Commission has named Stephanie Avakian and Steven Peikin as co-directors of its Division of Enforcement. Avakian has served as acting director of the division since December 2016; she had served as deputy director since 2014. Prior to joining the SEC, she was a vice chair of the securities practice at law […]

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2017 summer reading for accountants

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June 12, 2017
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Interest rates unchanged for third quarter 2017

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June 11, 2017
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Internal Revenue Service interest rates will hold at the same level for the calendar quarter beginning July 1. The IRS said the rates will be: 4 percent for overpayments (3 percent in the case of a corporation); 1.5 percent for the portion of a corporate overpayment exceeding $10,000; 4 percent for underpayments; and 6 percent […]

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Posted in Tax News And Info Tagged irs, tax news

Mnuchin says U.S. can cope if debt ceiling not raised by August

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June 11, 2017
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(Bloomberg) — The U.S. government has “backup plans” for funding itself if Congress doesn’t raise the debt limit before lawmakers leave for their August recess as hoped, Treasury Secretary Steven Mnuchin said. “I don’t want to leave any doubt, we have plans, backup plans for funding the government,” Mnuchin told reporters Friday at a press […]

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Posted in Tax News And Info Tagged irs, tax news

Security tops firms’ tech challenges

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June 11, 2017
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Security ranks first among accounting firms’ technology challenges, according to a new survey. Just under a third, or 29 percent, of respondents to the 4th Annual Accounting Firm Operations and Technology Survey cited security as their biggest challenge over the next one to three years, up 10 percentage points from last year’s survey. Close behind […]

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Posted in Tax News And Info Tagged irs, tax news
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