‘Riding shotgun’ on clients’ financial plans
Even if you’re not serving as their financial planner, you’ll still want to keep an eye on your clients’ future strategies.
Tag: tax news
Tax Fraud Blotter: Mother of a scam
Deep trouble for Deepwater scam; $6K in false HSH income; and other highlights of recent tax cases. St. Petersburg, Fla.: Preparer Joseph Bassler, 61, has pleaded guilty to mail fraud and money laundering. According to the plea agreement, Bassler held himself out as a professional accountant who could assist companies affected by the Deepwater Horizon […]
The CAQ announces five academic grants for audit research
The Center for Audit Quality (CAQ) announced on Wednesday that they will award five grants this year to fund independent academic research on audit-related projects. The CAQ has now funded over $600,000 in academic research via 35 awards since starting the program nine years ago. The grant program focuses on topics ranging from critical policy […]
U.S. AGI rose in 2014, 2015, IRS reports
The average American’s adjusted gross income rose in both 2014 and 2015, according to the IRS. In its Spring 2017 Statistics of Income Bulletin, the IRS released data on increased average AGI of taxpayers for tax year 2014 and preliminary data on returns for tax year 2015, as well as AGI information. The Statistics of […]
Manual processes lead to errors in IRS database
The Internal Revenue Service’s Automated Non-Master File of taxpayer accounts is prone to errors and incorrect penalties, according to a new report. The ANMF is a database of taxpayer accounts that, due to system limitations, can’t be managed through the agency’s Master File. Manual processes are required to establish accounts and to process account activity, […]
NICE Actimize debuts anti-corruption monitor for financial systems
NICE Actimize has introduced anti-bribery and corruption software that monitors organizations’ financial systems looking for signs of criminal schemes. NICE Actimize ABC analyzes transactions and behavior within an organization and its supply chain, providing a view via cloud technology of bribery and corruption risk, segmented by business, geographic, vendor and customer lines. NICE Actimize ABC […]
Accounting Today’s 2017 VAR 100 submission deadline extended
It’s that time of the year again — Accounting Today is putting together its VAR 100 ranking the top value-added resellers of accounting and accounting-related software by revenue. We are now accepting submissions for our 2017 ranking, so please contact technology editor Ranica Arrowsmith at ranica.arrowsmith@sourcemedia.com for full details and submission requirements. The 2017 VAR 100 […]
In the blogs: Real value
Reasons to focus on complicated returns; 529 Day; in memory and in thanks; other highlights from our favorite tax bloggers. Real value The Income Tax School (http://www.theincometaxschool.com/blog/): Here’s one you don’t think about much as you’re reaching for the Excedrin: “4 Reasons to Focus on Complicated Returns Next Tax Season.” Considerations include the competition of […]
Japan moves toward IFRS
Trustees of the IFRS Foundation met Thursday with Japan’s Financial Accounting Standards Foundation to issue a joint statement reaffirming a commitment to global accounting standards as more Japanese companies move to adopt International Financial Reporting Standards. Public companies in Japan have the option to choose among IFRS, Japanese GAAP or U.S. GAAP. However, since they […]
EY now provides tax resources via CCH IntelliConnect
Big Four firm EY has partnered with Wolters Kluwer Tax Accounting to provide EY tax analysis via the software company’s tax research platform CCH IntelliConnect. CCH IntelliConnect users will be able to access the EY Tax Library, which includes EY Tax Alerts and EY Tax Newsletters from Ernst Young’s national tax department. Both services are […]
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