02/06/2012 - 15:17 - 171 reads
Mitt Romney isn't the only one in Washington, DC, with his tax returns under the microscope. According to new data released by the IRS, 3 percent of Senate employees and more than 4 percent of House members still owe tax for the 2010 tax year, adding up to approximately $10.6 million in unpaid taxes.
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02/06/2012 - 14:02 - 166 reads
The Ohio Society of CPAs (OSCPA) and the Ohio CPA Foundation, in partnership with the Ohio chapters of the National Association of Black Accountants (NABA), are seeking Ohio minority high school students to participate in the nationally recognized Accounting Careers Awareness Program (ACAP-Ohio).
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02/06/2012 - 12:04 - 204 reads
Tax season is the ultimate deadline. Most CPAs agree that the unrelenting hours spent glued to their computers, slugging coffee, and downing microwave meals in the company break room take a toll on their physical and emotional balance sheet.
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02/05/2012 - 15:38 - 541 reads
Following is the latest roundup of accounting community news for the week of February 6, 2012.
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02/03/2012 - 17:57 - 197 reads
On February 3, 2012, Austin-based PMB Helin Donovan LLP (PMB) announced its merger with Vink Teague & Associates LLLP (VTA). The firm will operate under the PMB Helin Donovan name.
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02/03/2012 - 17:48 - 646 reads
Nearly 150 ethnically diverse students from 73 US campuses traveled to NYC to attend E&Y's sixth annual Discover Ernst & Young event. Accounting and business majors interacted with firm leaders and E&Y personnel, who were eager to present the challenges and exciting potential of an accounting career at E&Y.
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02/03/2012 - 14:44 - 116 reads
The entire financial crisis of 2008 was about credit and confidence, and the same holds true today. That was the message delivered by the former general counsel of Lehman Brothers, Kevin Genirs, during his keynote address February 1, 2012, at the LegalTech® conference in New York City.
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02/03/2012 - 13:31 - 126 reads
Most taxpayers – the vast majority, in fact – say they would never cheat on their taxes and that it's wrong to do so. However, to 8 percent of taxpayers polled, it's okay to cheat "as much as possible."
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02/03/2012 - 10:51 - 522 reads
On January 31, 2012, the leader of the National Treasury Employees Union (NTEU) called on Congress to approve the S. 1034 – Commuter Benefits Equity Act of 2011, which would permanently establish parity between the parking and mass transit portions of the employee transportation benefit.
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02/02/2012 - 17:47 - 572 reads
Excel 2007 and 2010 users often overlook the useful Table feature, which can streamline data analysis. The feature is a major overhaul of the List feature that has been on the Data menu of earlier Excel versions. This article will introduce you to the Table feature and show you how it can help you work faster.
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02/02/2012 - 15:55 - 541 reads
Romney has been catching a lot of flak for the relatively small amount of tax he pays, despite the millions in assets that he owns. But the GOP front-runner for president is only doing what the filthy rich usually do: paying the least amount of income tax they are legally obligated to pay.
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02/02/2012 - 13:25 - 429 reads
Philadelphia accounting, tax, and business consulting firm, Citrin Cooperman, has been recognized by Philadelphia SmartCEO magazine as a 2012 Future 50 Award recipient. Led by the Philadelphia office managing partner Mark S. Carrow, Citrin Cooperman was honored at the magazine's awards ceremony in January.
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02/02/2012 - 12:07 - 424 reads
One of the most challenging areas of work life that most professionals face is asking for a raise. It just feels uncomfortable to most people on so many different levels. They are concerned that bringing up the topic puts a target on their back, and the whole conversation might lead to a dismissal.
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02/01/2012 - 13:30 - 1417 reads -
In a joint venture, the AICPA and the CIMA have launched a new global accounting designation – Chartered Global Management Accountant (CGMA) – that recognizes the unique skills of professional management accountants working in business.
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02/01/2012 - 13:08 - 591 reads
Microsoft announced that the next version of its flagship productivity suite has entered the "technical preview" phase of its development cycle. This program allows Microsoft customers to test and provide feedback on what's currently known as Office 15.
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02/01/2012 - 11:39 - 1038 reads
New cost basis reporting rules now apply to Form 1099-B sent to investors and to the IRS. But other onerous reporting rules for businesses and landlords scheduled to take effect in 2012 have been repealed. If you're confused, you're not alone. Here's a brief recap on what is and isn't taking place this year.
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01/31/2012 - 16:00 - 321 reads
There's no denying that technology enhances workflow and improves efficiencies. But for some professionals, too much of a good thing is becoming a burdensome distraction. Most of us are just trying to do too much and not getting enough done.
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Gail Perry, CPA
Maximising the Impact of Accounting & Financial Spreadsheets
The latest news from our British counterpart, 