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Treasury Secretary Steven Mnuchin has been “unresponsive” to questions about his refusal to hand over President Donald Trump’s tax returns to Congress, Senator Ron Wyden said. Wyden, the top Democrat on the Senate Finance Committee, said Thursday he received a reply to a letter he sent to Mnuchin earlier this month asking why he and […]
The Educational Foundation the Georgia Society of CPAs recently hosted its Annual Golf Tournament at the Atlanta National Golf Club in Milton, Georgia. Golfers and attendees spent the day networking and playing while raising approximately $20,000 for various scholarships and programming benefiting Georgia college students. This year’s tournament featured 95 players. “Having been involved with […]
I’m not a betting woman, but I would wager a vanilla latte that you’ve recently attended a meeting about the need for your firm to transition from accounting to consulting. If that hasn’t happened, it should. Soon. Our profession is at a historic crossroads, and for firms with growth ambitions, the evolution from bean counter […]
The Internal Revenue Service’s processes for handling fraud referrals from the public needs serious work, according to a new report. The new report, from the Treasury Inspector General for Tax Administration, found that the way the IRS handles its Information Referral program and the Forms 3949-A, “Information Referral,” that individuals and businesses use to report […]
Cetrom, which provides cloud hosting services to organizations including CPA firms, has been down since Friday, May 24. On May 29, the company made its first public announcement about the situation, stating it was hit by malware and that Cetrom chose to shut all systems down to proactively prevent the widespread compromise of data. The […]
Fotolia The Internal Revenue Service has issued its second round of proposed regulations on the Qualified Opportunity Zone provisions included in the Tax Cuts and Jobs Act. While the first set of regs, issued Oct. 19, 2018, answered many questions regarding the opportunity zone provisions, the new set further clarifies a number of areas. QOZs […]
Stung by new deduction limits; LTC subsidies; nexus for everyone; and other highlights from our favorite tax bloggers. Gallimaufries Taxable Talk (http://www.taxabletalk.com/): California’s “Train to Nowhere,” the alleged high-speed rail that would link San Francisco and Los Angeles (originally), and, now, the thriving metropolises of Shafter (just north of Bakersfield) and Merced, is in deep […]
The Massachusetts Society of CPAs has named Jennifer Niece, an associate professor of accounting at Assumption College, its 2019 Outstanding Educator of the Year. Niece was honored on May 22 at the MSCPA’s annual Believers and Achievers Recognition Reception at the Granite Links Golf Club in Quincy, Massachusetts. The MSCPA’s annual award recognizes full-time accounting […]
RSM managing partner and CEO Joe Adams shares how his firm is becoming more innovative in the face of the challenges facing the accounting profession.
Is the CPA Exam outdated? Or worse yet, has it become unnecessary in today’s accounting landscape? The National Association of State Boards of Accountancy reported that 95,654 candidates sat for the 2017 CPA Exam (71,199 of which were new candidates) in its 2017 Candidate Performance on the Uniform CPA Examination report. This stands in comparison […]
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