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Scheffel Boyle raises $6.1K for Big Brothers Big Sisters of Southwestern Illinois Illinois firm Scheffel Boyle CPAs recently took part in their annual Bowl for Kids’ Sake fundraiser on April 24 in Edwardsville, benefiting Big Brothers Big Sisters of Southwestern Illinois. Staff members raised $6,100 in all for the organization. “Every year our teams go […]
The Internal Revenue Service issued a warning Thursday about a new variation on a scam involving requests by criminals who pretend to be working for the IRS asking for bank information from international taxpayers and non-resident aliens. The crooks mail or fax a letter to unsuspecting victims asking them to fill out a copy of […]
Now that tax season is over, audit season has arrived. Based on statistics released in the 2017 IRS Data Book, the audit rate for individual tax returns is the lowest it’s been since 2002. It’s currently 0.6 percent, or about one in every 160 returns. That rate amounted to 934,000 audited returns in 2017. While […]
The Public Company Accounting Oversight Board barred two former senior partners and CEOs at Deloitte Turkey after the firm was found to have improperly altered documents ahead of a PCAOB inspection. The PCAOB found that the partners, Hüseyin Gürer and Gökhan Alpman, who both served as chief executive officers of Deloitte Turkey (officially known as […]
North Korea released three U.S. citizens who had been detained for as long as two years, a goodwill gesture ahead of a planned summit between President Donald Trump and Kim Jong Un that’s expected in the coming weeks. The three prisoners include: Kim Sang Dok, also known as Tony Kim, was intercepted in April 2017 […]
The NASBA Center for the Public Trust announced Wednesday the winners of its 2018 Ethics in Action Video Competition. Started in 2010, the contest asks undergraduate and graduate students attending U.S. colleges and universities to submit creative videos that demonstrate examples of ethical behavior in the modern business world. This year, NASBA CPT received 37 […]
Crowe Horwath said Wednesday that it is rebranding its global network of firms, changing the name of more than 220 member firms to Crowe. Back in 2008, the Midwest regional firm Crowe Chizek changed its name to Crowe Horwath to reflect its membership in the Horwath International network. Then in 2009, Horwath International rebranded as […]
Lawyers for Jay-Z are accusing the U.S. Securities and Exchange Commission of engaging in a “celebrity hunt” by trying to compel the hip-hop mogul to testify in the agency’s probe of a firm he did business with more than a decade ago. Jay-Z, whose given name is Shawn Carter, was willing to testify for a […]
Wolters Kluwer Tax Accounting recently held its 2018 Tax Accounting iLab Code Games, a two-day, international competition inviting professionals to bring their innovative ideas to fruition. Started in 2014, the event has grown to feature over 700 staff members this year competing in more than 20 cities around the world. After 48 hours, teams present […]
Warren Buffett has warned about the “nightmare” tied to new accounting-rule changes. Now it’s beginning. The rules, which require Berkshire to report unrealized gains or losses in equity investments in net income, helped fuel a $1.14 billion loss at Buffett’s Berkshire Hathaway Inc. in the first quarter, the Omaha, Nebraska-based company said Saturday in a […]
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