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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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