High Quality Work…Great Customer Service.
Most taxpayers envision Internal Revenue Service audits as intrusive investigations resulting in criminal sentences. Today, nothing could be farther than the truth. The IRS’s auditing power has been greatly diminished in the past decade. IRS audit resources have been reduced by 28 percent in the last decade and the audit rate has dropped from 0.9 […]
The Institute of Internal Auditors intends to overhaul its Certification in Risk Management Assurance and Internal Audit Practitioner programs next year to meet evolving demands and stay ahead of various risks. The IIA will be relaunching its CRMA exam next October to reflect the kind of in-depth organizational knowledge and advanced skills needed for risk […]
The International Federation of Accountants has named its first-ever board that has a majority of female members. Five of the eight board members approved this year at IFAC’s annual council meeting are women. As a result, 12 of IFAC’s 23-member board are now women. Six of the eight board members approved at last week’s meeting […]
The Center for Audit Quality has issued its annual request for proposals to fund independent academic research on projects of interest to the auditing profession. Proposals need to include a description of the research question, how the research fits into the existing literature, specific predictions, and details of the proposed methodology, as well as the […]
Squar Milner LLP, a Top 50 Firm based in Irvine, California, is expanding its presence in the San Fernando Valley by merging with SRG LLP, a firm in Woodland Hills, effective Dec. 1, 2019. The Woodland Hills office will be the second location in the San Fernando Valley for Squar Milner, as well as the […]
October 15 has become the new second tax day for many Americans — and their tax preparers. This second tax season “went very quickly. We had more extensions than usual, and we never felt quite caught up,” said Debra James, an Enrolled Agent at Genesis Accounting Management Services, in Lorain, Ohio. “We usually wait until […]
Sexism in the code; partner unity; third parties preparing returns; and other highlights from our favorite tax bloggers. Taking advantage TaxProf Blog (http://taxprof.typepad.com/taxprof_blog/): The Tax Code picks winners and losers as it raises trillions of dollars for the federal government. It advantages unearned income over earned income. It advantages big, mortgaged homes over little, rented […]
At one time, the endless ups and downs of a seesaw may have been great fun, but in your professional services firm, it’s a different story. In this world, resources are the greatest operating expense. As an industry heavily reliant on these highly skilled workers, managing projects and resources for both the busiest and slowest […]
Opportunity zones, the tax break included in the Tax Cuts and Jobs Act that encourages real estate investors to develop projects in economically distressed communities in exchange for deferring capital gains taxes for years, have come under fire for not living up to their promise. The zones in many cases have been located in areas […]
The Institute of Management Accountants is helping promote International Fraud Awareness Week this week, to push financial professionals to do more to ensure fraud prevention and detection are a priority at the companies where they work. IMA president and CEO Jeff Thomson pointed to a study last year on occupational fraud and abuse by the […]
Powered by WordPress. AwesomeOne theme by Flythemes