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Month: July 2019

Firms on the move: ICPAS reunites internship program grads

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July 21, 2019
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| Tax News And Info

Courtesy of Prager Metis Prager Metis CPAs, New York, has formed The Prager Metis Charitable Foundation, an organization to coordinate and support the firm’s philanthropic activities. Steven Topal, former New York City office managing partner, will be transitioning into the role of president of the foundation. Marcum, New York, has audited more special purpose acquisition […]

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Posted in Tax News And Info Tagged irs, tax news

Firms giving back: Protiviti holds U.S. Intern Day of Service

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July 21, 2019
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Top 100 Firm Prager Metis has announced the formation of The Prager Metis Charitable Foundation, a 501(c)(3) organization that will coordinate and support the philanthropic fundraising efforts of the firm. Former New York City office managing partner Steven Topal will serve as president of the foundation. “Each year, the firm sees an increase in the […]

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Posted in Tax News And Info Tagged irs, tax news

Product News: Pixie releases practice management software

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July 21, 2019
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Content Continues Below

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Posted in Tax News And Info Tagged irs, tax news

Mnuchin says ‘no commitment’ on possible capital gains tax break

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July 20, 2019
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The Trump administration hasn’t committed yet to index capital gains to inflation, Treasury Secretary Steven Mnuchin said, even as White House officials continue to pursue the plan for a tax break that would largely benefit the wealthy. “Right now there’s no commitment to getting it done or not getting it done,” Mnuchin said in an […]

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Posted in Tax News And Info Tagged irs, tax news

Why are communications taxes so complex?

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July 20, 2019
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Communications taxes can impact a much broader range of services than many businesses realize, leaving unprepared tax teams lurching as they discover they have entered an unfamiliar and much more complex compliance environment. This four-part series will help businesses and tax advisors understand how to first assess, and then minimize, the risks associated with communications […]

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Posted in Tax News And Info Tagged irs, tax news

Ransomware attack hits QuickBooks cloud hosting provider Insynq

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July 20, 2019
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Insynq, a provider of cloud hosting for QuickBooks products, was hit with a ransomware attack on July 16, making it the second cloud hosting provider in the accounting space to have experienced a security event this year — in May, Cetrom experienced a similar attack. On July 19, Insynq informed its customers that the attack […]

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Posted in Tax News And Info Tagged irs, tax news

How artificial intelligence will change the way accountants work

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July 19, 2019
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Artificial intelligence has always been a great element in science fiction, involving machines a lot smarter than human beings. Imagine the Terminator filing tax returns while preparing a great dinner. Feel free to compliment the chef, but please don’t upset him — ever. AI is not really the same thing in the real world (at […]

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Posted in Tax News And Info Tagged irs, tax news

7 ways to take advantage of a summer slowdown at your firm

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July 19, 2019
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Summer is a blissful time of year: longer days filled with sunshine, road trips to the beach, and more time with family. But it can also be a tough season to be an accountant, particularly an independent one. Summertime usually means things get a little slower — clients take vacations and put things on hold […]

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Posted in Tax News And Info Tagged irs, tax news

Tax Fraud Blotter: The taxman goeth

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July 19, 2019
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Grass and guns; you owe bigtime; crazy schemes; and other highlights of recent tax cases. Lauderdale Lakes, Florida: A U.S court has entered an injunction against Guary Louima, Guy Telfort and Tax Houses and Accounting Services, barring them from preparing federal returns for others and owning or operating a prep business. The court also ordered […]

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Posted in Tax News And Info Tagged irs, tax news

Internal auditors must keep pace with demands for transparency

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July 18, 2019
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Congress enacted the Sarbanes-Oxley Act in July 2002 to protect investors from the fraudulent reporting that was at the core of high-profile financial scandals in the early 2000s involving companies such as Enron, Tyco International, and WorldCom. SOX mandated strict reforms of securities regulations and imposed tough penalties on lawbreakers. All publicly traded companies (and […]

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Posted in Tax News And Info Tagged irs, tax news
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