Maryland news

Tax

Crime Watch: May 22, 2013

Michael Parker of Baltimore, Maryland, who was the COO of TransCapital Corporation, a tax-advantaged investments company based in Virginia, was sentenced May 20 to fifty-four months in prison in KPMG tax shelter case.
Education & Careers

New MACPA e-Book Focuses on CPA Leadership, Foresight, and Lifelong Learning

The conversation among CPAs today has gone well beyond technical issues. Today's CPAs need to know how to collaborate, connect, innovate, and inspire.
Education & Careers

MACPA Features Innovative Technologies and Social Media at Innovation Summit

The Maryland Association of Certified Public Accountants (MACPA), representing its 9,000 members, will introduce four new innovative collaboration technologies on May 17 at its Innovation Summit at Martin's West.
Tax

Internet Sales Tax Clears Senate Hurdle

New legislation authorizing the states to collect sales tax from companies peddling their wares online breezed through the Senate on May 6 by a wide 69-27 margin. But the Marketplace Fairness Act is expected to face much tougher opposition in the Republican-controlled House of Representatives.
Practice

Mix of Old and New Comprise 2014 Vault Accounting 50

Vault.com released its 2014 Vault Accounting 50, a ranking of the fifty best accounting firms in the nation to work for. The survey asked more than 7,900 accountants to assess their peer accounting firms on a scale of one to ten based on prestige and quality of life factors.
Tax

Crime Watch: March 15, 2013

A federal court has permanently barred Crystal Ireland of Detroit, who does business as Master Mind Preparation, from preparing federal tax returns that claim the earned income tax credit. According to the complaint, Ireland fabricated businesses and reported fake business income on her customers' tax returns in order to claim the maximum credit for them.
Tax

Is This the Year for Tax Reform?

Is 2013 shaping up to the year of tax reform? "There are more proposals this year than we have seen in the last five years, and an unprecedented number of major state tax reform proposals," said Harley Duncan, a managing director at KPMG.
Tax

IRS Opens Window Longer for Sandy Victims

The IRS is throwing yet another life preserver to taxpayers who were victimized by Hurricane Sandy. Under a new Notice, these taxpayers now have until October 15, 2013, to deduct their disaster-area losses on a 2011 or 2012 return.
Tax

Crime Watch: February 5, 2013

Six people were sentenced for a nationwide scheme that caused the filing of tax returns for at least 180 clients from thirty different states, requesting more than $160 million in fraudulent tax refunds.
Technology

CPAs Adding Social Media to Connect with Clients and Find New Ones

CPA firms' use of social media is evolving, from the simple use of e-mail, a web page, or the telephone, to messaging via Twitter or through postings on Facebook and LinkedIn.
Practice

ParenteBeard Combines with Presscott Associates

ParenteBeard LLC, a top twenty-five, US accounting firm, and Presscott Associates, Ltd., a prominent health care management consulting firm, announced they have combined practices as of December 31, 2012.
Education & Careers

AICPA Announces Public Service Award Winners

For many CPAs, the act of giving back is much more than a passing gesture of goodwill that grips them once or twice a year. Rather, it is a true spirit of generosity and compassion that is integral to their lives.
Education & Careers

Hurricane Sandy Leads to Postponement of 'Digital CPA' Conference

Because of emergency conditions related to Hurricane Sandy, the AICPA has decided to postpone the Digital CPA: 2012 CPA2Biz Cloud User Conference, which had been scheduled for October 28-30.
Education & Careers

Intuit Indexes Show Small Business Growth Slowing

Results of the monthly Intuit Small Business Revenue and Employment indexes are in. They show revenue in August declined for the sixth consecutive month, and employment continued to grow slowly in September.
Education & Careers

Olympians, Deloitte Carry Torch of Leadership

Several Olympians and Paralympians are still carrying the spirit of leadership and inspiration to college campuses across the country this fall, thanks to the "It's Your Race, Take the Lead!" road show sponsored by Deloitte and the USOC.
Practice

The Rise in Pregnancy Disability Regulations

Disability claims are always challenging for employers, but this is especially the case when pregnant workers suffer complications that leave them unable to perform their normal job duties.
Tax

Husband and Wife Face YEARS in Prison

A married couple has been charged with running a fraudulent advance fee scheme and tax evasion. The twenty-six count indictment seeks forfeiture of at least $3.7 million.
Education & Careers

Beta Alpha Psi's Three 2012 Award Winners

Beta Alpha Psi awarded three professionals the Business Information Professional of the Year award, sponsored by the Institute of Management Accountants (IMA®), at the Beta Alpha Psi Annual Meeting.
Education & Careers

Beta Alpha Psi's Outstanding Faculty Advisor Awards

The Outstanding Faculty Advisor Award, sponsored by McGladrey LLP, was presented to five faculty advisors at the Beta Alpha Psi Annual Meeting in Baltimore, Maryland, on August 3, 2012.
Education & Careers

UMT Dean Receives Outstanding Dean Award

The Outstanding Dean Award was presented to Larry Gianchetta, PhD, at the Beta Alpha Psi Annual Meeting in Baltimore, Maryland, on August 3, 2012.

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Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
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This Week on AccountingWEB

CPAs Mira Finé, Scott Hitchcock, Rob Keasal, Kathy Scorcio, and Ken Travis offer ten pieces of financial advice for the newest Powerball winner.
Hang Bower of BDO USA and Dan Black of Ernst & Young share their perspectives on why their firms made the Best Places to Work for Recent Grads 2013 list.
Herbein + Company, Inc. firm members talked with AccountingWEB about their year-round employee wellness program.
Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.
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