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The American Institute of CPAs announced this week that four of its members have been honored with the 2018 Sustained Contribution Award. Recipients were honored during the ongoing fall meeting of the AICPA’s Governing Council. The annual award highlights professionals who have exhibited a dedication to volunteer service either to the AICPA and the accounting […]
The Internal Revenue Service unveiled proposed regulations Friday for what Treasury Secretary Steven Mnuchin says could be a $100 billion investment opportunity for real estate and businesses in distressed areas. The rules provide investors with guidelines about how they can qualify for special tax breaks in so-called Opportunity Zones — underdeveloped areas where the U.S. […]
A prosecutor in a high-profile French tax case questioned why UBS Group AG systematically destroyed handwritten notebooks detailing the movement of French clients’ funds to surrounding lower-tax countries. Patrick de Fayet, a former general manager at UBS France SA, said that the notebooks were solely used to help settle disputes over bankers’ bonuses tied to […]
Established, young professionals are still saddled with student loan debt, delaying major life events, according to a new poll of CPAs. The New Jersey Society of CPAs recently surveyed 109 of its members and found that almost 70 percent of respondents still have student loan debt. Of the members who provided data, approximately 75 percent […]
Client Hub debuts mobile app for simpler client collaboration Client Hub, a collaboration platform for accounting professionals and clients, has released an app now available for Apple and Android devices. Client Hub offers an “all-in-one workspace” with secure messaging and file sharing between accountants and clients; the app version will provide instant notifications for all […]
Cloud technology offers accounting professionals the ability to increase their job value and more fully enjoy their work. The shift from on-premises to cloud technology is rapidly changing the business world. It speeds up processes and reduces IT overhead, enabling companies to push through previous limitations for greater profitability. Almost every department within a company […]
No practitioner wants to discover that their client’s data has been compromised. Besides caring about the well-being of your client, you may also be found at fault and liable for the breach, which would put you and your reputation in a pretty bad position. Unfortunately, ensuring cybersecurity is a difficult task, and it only gets […]
Intuit has introduced QuickBooks Online Advanced, an accounting solution that uses artificial intelligence to target at more complex, fast-growing businesses. The cloud-based solution leverages the existing data and information within the QuickBooks ecosystem from its reported 3.4 million users and applies artificial intelligence and machine learning to offer insights and patterns that help growing companies […]
Dixon Hughes Goodman presents 2018 ‘Community IMPACT Awards’ Top 100 firm Dixon Hughes Goodman recently announced the recipients of its annual DHG Community IMPACT Awards, which highlight notable community service from staff members and offices. “The DHG Community IMPACT Awards celebration is a special time when we come together to acknowledge contributions that improve our […]
A Russian national was charged by the U.S. for allegedly being one of the masterminds behind a conspiracy to interfere in both the 2016 and 2018 elections, marking the first charges related to next month’s congressional midterm vote. The woman, identified as Elena Alekseevna Khusyaynova of St. Petersburg, Russia, allegedly served as the chief accountant […]
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