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The Internal Revenue Service could be foregoing billions of dollars in potential taxes because tens of thousands of employers are underreporting the amount of their workers’ wages and withholding taxes, according to a new report. The report, from the Treasury Inspector General for Tax Administration, examined the IRS’s Combined Annual Wage Reporting Program, which compares […]
Every business owner knows that a social media strategy is necessary to remain relevant in today’s digital world. However, not everyone knows how to effectively use social media to listen to your clients and manage your firm’s reputation. When it comes to your social presence, it’s important that you involve your whole firm. It’s become […]
A big topic among firms is how to manage millennials. Somehow we believe they are different. However, looking back through the years I do not believe the problem is how to manage the millennials; rather it is the myopic firm managers who need better management techniques. Firms talk about how great they are to work […]
Anders CPA + Advisors, along with their Young Professionals group, recently hosted a “Christmas in July” toy drive inside the firm, benefiting their 2017 Charity of Choice, Shriners Hospitals for Children – St. Louis. The Anders Young Professionals came up with the idea in order to re-supply Shriners with toys in the summertime, as donations […]
The Institute of Management Accountants said Monday the total number of candidates for its Certified Management Accountant credential grew a record 40 percent in the year ending June 30, 2017, reaching an all-time high of 41,000. The CMA candidate pipeline for management accountants has been growing steadily in recent years, increasing at a 21 percent […]
ZipBooks has launched a standalone bookkeeping service that connect clients with live bookkeepers. The customer’s dedicated bookkeeper will perform bank reconciliations prepare income statements, balance sheets, and all financial reports, according to ZipBooks. Users who transition from a different bookkeeping service will have the data migration taken care of by ZipBooks. The accounting software company […]
Few professionals are as misunderstood as tax preparers – at least according to the tax preparers themselves. We asked a broad range of CPAs, Enrolled Agents and other preparers and practitioners what they think are their clients’ most common misconceptions about them; the top answers follow. (A text version of the most common misconceptions is […]
What does the average taxpayer think of tax preparers? According to a New York Times 2014 opinion piece, “When you hear the words ‘tax preparer,’ you may imagine a calculator-clutching accountant, carefully scrutinizing receipts beneath a green eyeshade. But the reality is that in most states nearly anyone can be a tax preparer … .” […]
The Treasury Department said Friday it will begin winding down the myRA retirement account savings program begun under President Obama, in a further sign of the Trump administration’s efforts to undo the legacy of its predecessor. Obama announced the creation of the myRA program during his State of the Union address in January 2014 as […]
CPA Ireland is absorbing the membership of the Institute of Incorporated Public Accountants as two of Ireland’s largest accounting professional bodies agreed to a permanent collaboration. As part of the deal, the IIPA plans to cease operations as a recognized accounting organization in September. Beginning Sept. 1, 2017, CPA Ireland (short for the Institute of […]
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