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The 2017 tax law had no discernible impact on consumer tax filing patterns or the market share of tax prep vendors, according to a new report from Moody’s Investors Service. Bloomberg News Moody’s found that approximately 56 percent of electronic filings were handled by paid providers, down just slightly from 57 percent in 2018, but […]
The Council of Institutional Investors filed a petition Monday with the Securities and Exchange Commission asking the SEC to require companies to explain why they are using any non-GAAP metrics in setting executive compensation within the Compensation Discussion Analysis section of their proxy statements, as well as provide a quantitative reconciliation of those metrics with […]
A new program requiring the Internal Revenue Service to hire private debt collection agencies is falling far short of its goals and putting taxpayers at risk of falling prey to scammers, according to a new government report. Andrew Harrer/Bloomberg The report, from the Government Accountability Office, found that the IRS’s private collectors recovered less than […]
Brent Lewin/Bloomberg Deloitte released a “Global Cost Survey,” which found that technologies like robotic process automation, advanced analytics, cloud-based ERP systems and other innovations are essential to cost management. The Bonadio Group, Pittsford, was named one of the Top Workplaces 2019 in Rochester and Albany by the Democrat and Chronicle and Albany Times Union, respectively, […]
Senior-level financial executives are looking for new skills and abilities from the next generation of accounting and financial reporting professionals. In fact, a combination of strong soft skills (like communication and creativity) along with a background in new technologies (such as data analytics and artificial intelligence) are the most highly valued traits sought after by […]
Students from West Hartford Hall High School, Conard High School, Kingswood Oxford School and Newington High School will join blumshapiro’s sixth annual Junior Achievement Career Walk in West Hartford Center, Connecticut, on May 3. Launched in 2014 by blumshapiro, PBI Financial Group and Junior Achievement of Southwest New England, the JA Career Walk introduces students […]
Intuit reported a 5 percent increase in TurboTax units sold this tax season compared to last year, thanks to a 7 percent increase in TurboTax Online sales. The Mountain View, California-based tax and accounting software developer reported Thursday that it shipped 37,921 total TurboTax units as of April 20, compared to 36,013 by April 21 […]
The Internal Revenue Service reported a $4.4 billion decline in total tax refunds as of April 19, the first tax season under the Tax Cuts and Jobs Act, with the average size of tax refunds down about 2 percent. The total number of tax refunds increased slightly, from 95,434,000 to 95,737,000, a 0.3 percent increase. […]
Teresa Polley, the longtime president and CEO of the Financial Accounting Foundation, announced Friday that she will be stepping down after 11 years of running the organization that oversees the Financial Accounting Standards Board, the Governmental Accounting Standards Board and the Private Company Council. Financial Accounting Foundation president and CEO Teresa Polley Polley plans to […]
The Illinois CPA Society has announced the recipients of its 2019 Excel Awards, highlighting Uniform CPA Exam test-takers in the state with the highest scores on the 2018 CPA Exam. Award winners must have a combined average score of 90 percent or higher on all exam sections within two consecutive testing windows, in addition to […]
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