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The staffing firm Robert Half has released its annual salary guide for the accounting and finance field, along with separate salary guides for legal, technology, creative and administrative jobs, including the hiring trends within each sector. “Demand is high and supply is low for accounting and finance professionals in the United States,” according to the […]
With Hurricane Dorian threatening to hit the state of Florida after passing through parts of Puerto Rico and the Virgin Islands, the IRS sent a reminder Thursday to taxpayers encouraging them to prepare for natural disasters, with the peak of hurricane season just ahead. The IRS noted that taxpayers can start getting ready for a […]
The American Institute of CPAs’ Auditing Standards Board has proposed amendments to three sets of auditing standards for special-purpose, single and summary financial statements. For the exposure draft of the proposed Statement on Auditing Standards Amendments to AU-C Sections 800, 805, and 810 to Incorporate Auditor Reporting Changes from SAS No. 134, the board wants […]
The time is long past when accounting firms could dismiss something that just a few, short years ago was considered a “nice-to-have” luxury: digital marketing. I mean, who has the time and money to focus on the narrow, digital niche when there are so many other, more significant marketing channels to be considered? That was […]
Tax prep chain Liberty Tax is expanding into the retail industry by acquiring the Sears Hometown outlet business. Liberty Tax, based in Virginia Beach, Virginia, announced Tuesday that it has entered into a definitive deal to purchase the Sears Outlet business, along with Buddy’s Home Furnishings Stores, from Sears Hometown and Outlet Stores Inc. in […]
The Internal Revenue Service issued a revenue procedure Tuesday adding one country, Georgia, a former Soviet republic that’s located between Europe and Asia, to the list of countries with which the U.S. has in force an information exchange agreement so that interest paid to the residents of those jurisdictions must be reported by payors. Revenue […]
CPAs are in high demand across a range of industries, and for a good reason. Nearly every organization needs a trained professional to prepare books of accounts and provide advice on a company’s financial position. The high demand for CPAs means better salaries, career stability and steady upward growth. As such, the salary of a […]
Times are good for accountants, but that doesn’t mean the profession can afford to stand still, according to Illinois CPA Society president and CEO Todd Shapiro. Citing statistics from a recent society survey that found that at least 85 percent of members are optimistic about the future of the profession and about their own situation, […]
I get a ton of interruptions; I figure it comes with the job. The issue is how I deal with them and which ones I have learned to ignore or pass over. I think I am pretty good at it. Recently, I met with an accounting firm where dealing with interruptions became a contentious issue. […]
Taxpayers’ personal information and tax account data remain at risk of being leaked from the Internal Revenue Service’s computer networks despite progress on a data loss prevention program, according to a new report. The IRS began a program known as the Safeguarding Personally Identifiable Information Data Extracts Project, which is responsible for implementing the data […]
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