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Homeowners have seen their houses appreciate in value dramatically in most parts of the country over the past several decades, and in most cases, the assessed value for real property taxes has kept pace with the rise in the real value of the property itself. But not in California. The reason is Proposition 13, which […]
Intuit Practice Management, which is powered by Karbon, is now available across all Intuit Accountants products with the addition of ProSeries. Tax professionals using ProConnect Tax Online, Lacerte and ProSeries can now access Practice Management to help centralize contacts, automate tasks, and collaborate in real-time.This year has been complex for tax preparers who have had […]
In April, Andrew Marnell of California applied for millions of dollars of loans in federal assistance through the Paycheck Protection Program. Based on his applications, Marnell received approximately $9 million in federally awarded funds from banks authorized to make the loans. It was only after funding the loans that the lenders discovered the funds were […]
The Trump administration said it’s recovered almost 70 percent of $1.6 billion in relief payments mistakenly sent to dead people as the government rushed out stimulus money to blunt the economic impact of the coronavirus, according to a government watchdog. The Government Accountability Office, in a brief update of its work to monitor the federal […]
The American Institute of CPAs and its technology arm, CPA.com, have begun the first phase of the rollout of their new top-level internet domain, .cpa, and are now accepting applications from CPA firms for specific addresses. This “Brand Protection” phase of applications runs through Oct. 31, and is designed to make sure that CPA firms […]
New threat vectors. Emerging, yet confusing, collaborative tech. Massive, global social unrest. What is real and unreal about the times we’re living through may have become hard to differentiate for many of us, so I thought I’d share some accounting and finance tips to help you pull through. For reference, I’ll be outlining actionable next […]
Germany’s blame game over Wirecard AG’s collapse is focusing on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory. Lawmakers will question a top adviser to Chancellor Angela Merkel on Monday in Berlin before grilling financial industry watchdogs […]
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