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AICPA Applauds Passage of Mobile Workforce Bill by the House
The Mobile Workforce State Income Tax Simplification Act of 2011 would establish a uniform requirement that nonresidents would have to work in a state for more than thirty days before becoming subject to out-of-state income taxes.

Tax Return Preparer Headed to Jail for Close to Eight Years

05/16/2012 - 13:51 - 263 reads

Margaret Kirksey, a resident of Montgomery, Alabama, was sentenced May 8 in the Middle District of Alabama to eighty-one months in federal prison for filing false tax returns using stolen identities, the Justice Department and the IRS announced.

AICPA Survey: 17 Percent of Young Adults Check Bank Accounts Daily

05/15/2012 - 15:50 - 377 reads

There's little doubt most young adults are obsessed with their digital devices and the latest technology that helps them use them. In fact, three times as many young adults check their social media accounts daily as check their bank accounts, according to the results of a national telephone survey conducted for the AICPA.

AICPA's Online Calculator Estimates Yearly Taxes Paid to All Sources

05/15/2012 - 13:35 - 350 reads

The American Institute of CPAs (AICPA) has launched the Total Tax Insights calculator, a comprehensive calculator that was developed as a tool to enable taxpayers to estimate the amount they pay each year for the most common federal, state, and local taxes.

Job Hunting? Ten Tips for Nailing Skype Job Interviews

05/15/2012 - 09:21 - 697 reads

Skype is a software program that allows two people to speak and see one another via the Internet. Many employers are choosing Skype to conduct job interviews, especially when candidates don't live in their area.

10 Tips for Hiring College Graduates

05/15/2012 - 00:52 - 495 reads

Are you planning on hiring this spring? There are a lot of great reasons to add a new college graduate to your workplace mix. Job search engine company, Simply Hired, has compiled a list of best practices and strategies for targeting this unique group of candidates.

College Grads Share Goals, Concerns as They Prepare to Enter Workforce

05/14/2012 - 23:47 - 691 reads

Job search engine Simply Hired has published the results of its survey of college students who are graduating this spring. The results show the mindset of many of the students who are about to join (or try to join) the workforce.

Company Announcements: Week of May 14, 2012

05/14/2012 - 16:39 - 687 reads

Following is the latest roundup of accounting community news for the week of May 14, 2012.

Leaders of Multimillion Dollar Fraud Ring Get 25 Years in Prison

05/14/2012 - 14:58 - 300 reads

identity theft-bank vault-fraud-crime.jpg

Veronica Dale and Alchico Grant, who jointly ran a stolen identity refund fraud ring that attempted to defraud the United States of millions of dollars over several years, were sentenced to federal prison May 8, 2012, the Justice Department and the IRS announced.

AICPA 2012 Sidney Kess Award Winner Takes Volunteerism to the Road

05/14/2012 - 13:54 - 733 reads

The American Institute of CPAs (AICPA) honored Martin Shenkman, principal at Martin Shenkman P.C., in Paramus, New Jersey, with the 2012 Sidney Kess Award for Excellence in Continuing Education at its Conference on Tax Strategies for the High-Income Individual in Las Vegas, Nevada, on May 1, 2012.

AICPA Expands Congressional and Political Affairs Team

05/14/2012 - 12:28 - 277 reads

On May 14, 2012, the AICPA announced it has significantly increased its federal government affairs capabilities with the hiring of Kate Schmucker, director of congressional and political affairs, and Brady King, director of congressional and political affairs, in its Washington, DC, office.

12 Tips for Mastering Your To-Do List

05/14/2012 - 11:33 - 623 reads

Some people are more effective that others at maintaining a to-do list and executing the items on the list. Here are a number of dos and don'ts that can help you be the master of your to-do list.

It's Not Me, It's You: Ten Signs Your Client Might be Dumping You

05/14/2012 - 11:27 - 1110 reads

In any business, it's extremely difficult to sustain growth through a series of transactional sales activities. Building strong, lasting relationships is crucial to the long-term success of your business.

Federal Court Shuts Down Texas Tax Return Preparer

05/14/2012 - 09:55 - 347 reads

A federal court in Dallas has permanently barred Joseph Rivas of DeSoto, Texas, from preparing federal tax returns for others, the Justice Department announced May 3.

Getting Social at SXSW

05/11/2012 - 11:15 - 863 reads

Though it's been over two months since South by Southwest (SXSW) was held, it's an event that keeps on giving. SXSW Interactive, one aspect of the event, is focused on emerging technology. For accounting firms, SXSW Interactive is a way to stay ahead of the curve.

IRS Cannot Extend Three-Year Limitation Due to Overstatement of Basis

05/10/2012 - 12:42 - 1511 reads

In a recent decision that considers the authority of the IRS to issue retroactive regulations, the Supreme Court ruled in United States v. Home Concrete that the IRS may not apply an extended six-year limitations period in certain tax shelter cases.

CAQ's New Report on the Evolving Role of the Public Company Auditor

05/10/2012 - 11:07 - 862 reads

The Center for Audit Quality (CAQ) has released a report summarizing its recent workshop on the evolving role of the public company auditor.

Smashing the Clock: Conference Focuses on Results-Only Workplace

05/10/2012 - 10:15 - 930 reads

On April 29, forward-thinking CPAs attended the THRIVEal +CPA Network online conference to explore a revolutionary idea in the accounting world: replacing the profession's conventional billable hours and "presenteeism" work culture with a results-only work environment (ROWE).

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Voice of the Editor

Many states have existing reciprocity agreements with their neighboring states, allowing workers, particularly those who live close to the state borders, to work in one state but pay income taxes in their state of residence. In recent years, however, as states are looking under rocks for more revenue, some of these reciprocity rules have been rescinded. But that's a different story. The Mobile Workforce State Tax Simplification Act of 2011 (we expect the year will change to 2012 if this ever becomes law) addresses the issue of workers who do a part-time gig in a state where they don't live.
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Gail Perry, CPA
Editor-in-Chief, AccountingWEB
editor@accountingweb.com

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