Federal tax rules and regs are always subject to change, so tax lawyer and CPA David De Jong keeps a comprehensive, running list of the top developments over the previous 12 months, including legislative developments, court cases, and IRS pronouncements. De Jong, a partner in the Rockville, Md., firm Stein Sperling Bennett De Jong Driscoll […]

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The Association for Accounting Marketing has launched a new blog highlighting strategies to help CPA firms grow. The new CPA Growth Trends blog contains advice from accounting marketers on topics such as marketing, communications, public relations, business development, technology, sales and practice management. “This blog isn’t about keeping up with trends—it’s about setting them,” said […]

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The rap singer DMX was arrested and charged with tax fraud for allegedly evading $1.7 million in taxes. The U.S. Attorney’s Office for the Southern District of New York, along with the Internal Revenue Service’s Criminal Investigation unit, accused the 46-year-old performer Thursday of engaging in a scheme to conceal millions of dollars in income […]

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QuickBooks Online releases June updates This month, QBO announced that the dashboard will no longer include unaccepted transactions from bank feeds. The PL widget will now align with numbers on the dashboard PL in order to provide greater visibility on financials. Users will also be able to filter dashboard insights by date to allow for […]

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Accounting firm Mazars recently completed its third annual Days of Service campaign. Over 550 staff members and 70 partners committed full days of service on May 31, June 7 and June 14 this year, helping over 30 local nonprofits in the New York metro area, Maryland, Philadelphia, Sacramento and Chicago. “We are very proud of […]

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A bipartisan group of lawmakers has introduced legislation to provide taxpayers more rights to have their cases heard by the Internal Revenue Service’s Office of Appeals. The Preserving Taxpayers’ Rights Act would provide taxpayers the legal right to have cases heard by the IRS Office of Appeals, further define which IRS cases can be designated […]

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As accounting firms begin to accept online currencies, 80 percent of Americans support “futuristic” payments technologies and money, a survey has found. Specific technology supported by respondents include sensor fingerprinting, facial recognition, retinal scanning and voice control, and blockchain-based currencies like Bitcoin. Several tech-forward small and mid-sized firms nationwide do accept online currencies, such as […]

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Extensible Business Reporting Language is starting to become more widely used, thanks to the SEC’s rules requiring the use of XBRL in financial filings in recent years and a new rule requiring XBRL for foreign issuers. The Securities and Exchange Commission began requiring the largest public companies to file their financial statements using XBRL in […]

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