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There’s an African proverb that I’ve learned to live by in both my personal and professional lives: “If you want to go fast, go alone. If you want to go far, go together.” Most firm owners know that feeling of isolation. We put our heads down and dig into the work — rarely taking the […]
The Internal Revenue Service said Friday it would restart issuing its 500 series of balance-due notices to taxpayers later this month after they were paused on May 9 due to the COVID-19 pandemic. While the IRS continued to issue most of its notices, the 500 series was temporarily suspended because of a backlog of mail […]
Grant Thornton has prevailed in an appeal by a former tax client who had sued the firm for fraud, negligence, breach of contract and breach of fiduciary duty after the firm failed to advise him of a tax strategy that potentially could have saved him over a million dollars, and then allegedly tried to cover […]
A comprehensive examination across many sectors reveals institutional barriers and outright racist abuse. How do we end the cycle? Arizent’s new documentary podcast features more than two dozen professionals. In this trailer episode, you’ll hear from the following guests in order of appearance: Tai Christensen, director of government affairs of the CBC Mortgage Agency Tyrone […]
Jackson Hewitt Tax Service announced plans to hire 22,000 employees at nearly 6,000 locations for next season. The tax prep giant and its franchisees will be hiring for varied positions, including temporary and seasonal positions in tax prep, client support and similar roles. The company will participate in two National Hiring Weeks beginning on Oct. […]
Gone Pro’s; various ways to fraud; oxymoron; and other highlights of recent tax cases. Trenton, New Jersey: Angelo Thompson, 39, of Reisterstown, Maryland, a former employee of Tax Pro’s and Tax Solutions Associates, has been sentenced to 27 months in prison for conspiring to defraud the U.S. by filing false income tax returns. Thompson previously […]
The Internal Revenue Service is offering less generous settlement terms to participants in micro-captive insurance schemes as part of its clampdown on the transactions. The IRS said Thursday it will be sending settlement offers with terms that are stricter than ones it offered last year under an earlier micro-captive initiative. The IRS has been focusing […]
Lockstep has debuted its first product, cloud-based software that functions as an inbox for accounts payable and receivable. The product has been in beta test mode since 2019 with 200 business customers, and now upon its release integrates with a reported 40 accounting and enterprise resource planning platforms. Lockstep has functions to assign work, create […]
CPA.com, the tech arm of the American Institute of CPAs, has entered a strategic partnership with Jirav, making the company’s platform its preferred business planning software for small and large companies. While CPA.com has been looking for a planning and forecasting solution for firms of smaller sizes for some time, the need for these functions […]
Bloomberg Tax Accounting has expanded its coverage of international tax research to more than 220 countries, with analysis of corporate taxation, value-added taxes and international withholding taxes, along with the changes brought about by the COVID-19 pandemic. The company offers a VAT Navigator that covers value-added taxes, goods and services taxes, and sales tax laws […]
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