Strengthening the accounting profession worldwide
Fayezul Choudhury, CEO of the International Federation of Accountants, discusses how IFAC is helping emerging economies develop their associations for accountants.
Tag: tax news
San Jose man sentenced to three years for IRS bomb threat
Andrew Harrer/Bloomberg 41-year-old Hung Ha of San Jose was sentenced on Wednesday to 36 months in prison for making bomb threats towards IRS employees at his local Taxpayer Assistance Center back in 2015, the Justice Department announced. The sentence was overseen by the Honorable Lucy Koh, U.S. District Judge, following a jury trial. Indicted by […]
Keeping up with technology in accounting
Both in specific practice areas and for firms as a whole, technology is automating and streamlining accountants’ work, even as the tools themselves grow more integrated and more useful, according to industry experts from the CPA Consultants’ Alliance. In “CPA Firm Technology Trends,” one of the CPACA’s “Issues and Answers” video series, members of the […]
Tax relief granted to California wildfire victims
Victims of the wildfires ravaging parts of California now have until Jan. 31 to file certain individual and business tax returns and make certain tax payments, the IRS said. This includes an additional filing extension for taxpayers with valid extensions that run out this Monday, Oct. 16. Currently, the IRS is providing relief to seven […]
IRS warns it’s rethinking some private letter rulings
The Internal Revenue Service announced a number of changes to how it will process private letter rulings related to a handful corporate transactions. The agency said in a statement that it “is reconsidering its views regarding certain issues as to which it has provided favorable rulings in the past. The IRS is studying these issues […]
House GOP’s tax-cut hopes ride on defining the middle class
House Republicans agree with President Donald Trump that they want to cut taxes for the middle class, but who fits that definition is where the consensus stops. For some GOP members of Congress, a middle income household tops out at $100,000 a year. For others, a family making $400,000 still deserves a break. Whatever definition […]
Another SEC whistleblower award tops $1M
The Securities and Exchange Commission announced that it had awarded more than $1 million to a whistleblower. By law, the commission does not release the identity of whistleblowers, but it noted that the whistleblower in this case has provided it with “new information and substantial corroborating documentation of a securities law violation by a registered […]
Insurance scam targets tax pros, clients
Cybercriminals are putting together several tactics to target tax professionals and their clients in a fake insurance tax form scam to access annuity and life insurance accounts, the IRS is warning. There are a number of variations on the scam, the IRS noted, but in a common version, the cybercriminal impersonates a real cloud-based storage […]
What I learned from my merger
I was going along nicely for 34 years. At age 58, I had a great staff of six at Gail Rosen CPA PC who had been happily working together for many years. There were no thoughts of a merger in my near future. My long-term plan was to join another CPA firm five years prior […]
Vault.com ranks best accounting internships of 2018
Online career resource Vault.com recently published their ranking of the 2018 Best Accounting Internships, ultimately compiling a top twenty list of firms and their programs. Vault polled over 12,000 interns from more than 400 companies to determine this year’s rankings, which were then separated into 14 different industries including accounting. Respondents were asked to rate […]
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