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The COVID-19 pandemic has upended lives across the country as officials struggle to curb its spread. As cities and states have put restrictions in place to slow infections, businesses of all kinds have felt the financial squeeze. Certified public accountants have helped guide their clients through this troubling time as they try to navigate the […]
Private collection agencies that have contracted with the Internal Revenue Service to collect overdue tax debts have collected nearly $500 million since 2017, according to a new report, but that’s just a fraction of the over $30 billion owed. The report, from the Treasury Inspector General for Tax Administration, found that as of May 14, […]
RSM US LLP has bolstered its Salesforce consulting practice by acquiring substantially all of the assets of MondayCall, a San Francisco-based consultancy that specializes in the cloud-based customer relationship management system. Earlier this month, the two firms announced they had signed an agreement for RSM to acquire MondayCall’s assets, and the deal was expected to […]
The International Ethics Standards Board for Accountants released a report on its accomplishments over the past four years on setting ethical standards around the world. The report, released Wednesday, includes an update on the IESBA’s current projects and initiatives, along with the board’s efforts to promote awareness, adoption and implementation of IESBA’s International Code of […]
The New Jersey Society of CPAs held its CPA Career Awareness program and collected $25,000 for its 11th annual food drive; and Fulcrum Partners managing director Monte Harrick is helping his son’s varsity basketball season get through COVID-`19 disruptions.
The Treasury Inspector General for Tax Administration so far hasn’t uncovered any evidence that sensitive taxpayer data was accessed during cyberintrusions at multiple federal agencies, including the Treasury Department and the Internal Revenue Service, blamed on Russian government hackers. “At this time, there is no evidence that any taxpayer information was exposed,” Inspector General J. […]
Senate Majority Leader Mitch McConnell on Wednesday closed off chances that the Senate would pass anytime soon a House bill that would give most Americans $2,000 stimulus payments. The Kentucky Republican said the House legislation, approved in a bipartisan vote Monday, “has no realistic path” to quick passage in the Senate and that it falls […]
Best IT defenses; learning from mistakes; the price of training; and other highlights from our favorite tax bloggers. Big developments Tax Vox (https://www.taxpolicycenter.org/taxvox): Can’t Argue There Dept.: “It’s been, at the very least, a very bumpy road since May…” According to one analysis, about 90 percent of households are eligible for the second round of […]
The Internal Revenue Service and the Treasury Department said Tuesday evening that they are beginning to make direct deposits of the second round of economic impact payments as soon as Tuesday night for some taxpayers and will continue doing so through next week. They will start mailing out paper checks on Wednesday to taxpayers who […]
It goes without saying that the COVID-19 pandemic was the primary story of 2020, and most of the biggest stories in accounting for the year reflect its impact, in everything from the remarkably smooth move to remote work to a new range of services centered on the Paycheck Protection Program and other stimulus measures. What’s […]
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