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Tag: irs

IRS warns of new EIP text scam

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November 5, 2020
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| Tax News And Info

The IRS is warning of a new text scam created by thieves that tricks people into disclosing bank account information under the guise of receiving the $1,200 Economic Impact Payment. The scam message states, “You have received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further action is required to accept this payment into […]

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Posted in Tax News And Info Tagged irs, tax news

FASB deals with uncertainties from pandemic and election

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November 5, 2020
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| Tax News And Info

Financial Accounting Standards Board Chairman Richard Jones had to deal with the coronavirus pandemic just as he was starting the transition with immediate past chair Russell Golden, and now he is facing the uncertainty of the presidential election and what Congress might do with accounting standards. “I actually got to join in March and I […]

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Posted in Tax News And Info Tagged irs, tax news

2020 Women’s Global Leadership Summit to be held online

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November 4, 2020
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| Tax News And Info

The Association of International Certified Professional Accountants has announced that its annual Women’s Global Leadership Summit, which invites women in the accounting and finance profession to refine their skills and professional networks, will be held online this year on Nov. 11. Furthermore, the Women’s Global Leadership Summit Europe and US events will be held on […]

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Posted in Tax News And Info Tagged irs, tax news

PrimeGlobal announces strategic partnership with AICPA

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November 4, 2020
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| Tax News And Info

PrimeGlobal, an association of independent accounting firms, announced a global strategic partnership Tuesday with the American Institute of CPAs. The partnership will aim to provide PrimeGlobal member firms with additional resources, tools and thought leadership to help members grow their business opportunities abroad. “Through this global partnership with AICPA, PrimeGlobal members now have access to […]

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Posted in Tax News And Info Tagged irs, tax news

In the blogs: Getting dark early

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November 4, 2020
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| Tax News And Info

PPP questions; differentiating data; partner preparation; and other highlights from our favorite tax bloggers. Getting dark early Mauled Again (http://mauledagain.blogspot.com/): Ah, that timeless election-year refrain: “Tax Lies and Misleading Tax Claims.” Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): COVID again clobbers the Tax Court. Tax Warriors (https://www.taxwarriors.com/blog): Working from home has created a host of state and […]

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Posted in Tax News And Info Tagged irs, tax news

NABA looks to partner with firms to diversify accounting profession

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November 3, 2020
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| Tax News And Info

The National Association of Black Accountants is hoping to expand its partnerships with accounting firms and corporate America to bring more diversity to the accounting profession. NABA chairman Herschel Frierson, a managing director at Crowe LLP, talked about some of the challenges that Black accountants are still facing, despite the commitments made by corporate leaders […]

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Posted in Tax News And Info Tagged irs, tax news

Coronavirus exposes internal auditors to new risks

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November 3, 2020
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| Tax News And Info

Internal auditors are facing a host of risks during the COVID-19 pandemic in business continuity, crisis management, cybersecurity and other areas, according to a new report. The report, released Monday by the Institute of Internal Auditors, follows up on a similar report released last year, and discusses the top 11 risks facing organizations. For the […]

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Posted in Tax News And Info Tagged irs, tax news

More flexibility for taxpayers with tax debts amid coronavirus

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November 3, 2020
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The Internal Revenue Service is making some changes in its collection program to lessen the burden on taxpayers who owe outstanding tax debts and are trying to cope with the economic fallout of the COVID-19 pandemic. The IRS said Monday that it’s making it easier to set up payment agreements and offers in compromise as […]

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Posted in Tax News And Info Tagged irs, tax news

Boomer’s Blueprint: Increasing CIO value

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November 2, 2020
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CIOs and IT directors are being asked to do more with their IT resources and, at the same time, increase client value. It sounds simple but isn’t easy to accomplish, especially in a pandemic and with rapidly changing technology. For over 20 years, I have focused on bridging the gap between firm leadership and IT […]

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Posted in Tax News And Info Tagged irs, tax news

An avalanche of fraud buried a small-business relief program

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November 2, 2020
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| Tax News And Info

For a few months this year, a U.S. government aid program meant for struggling small-business owners was handing out $10,000 to just about anyone who asked. All it took was a five-minute online application. You just had to say you owned a business with at least 10 employees, and the grant usually arrived within a […]

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Posted in Tax News And Info Tagged irs, tax news
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