Massachusetts news

Tax

Study: Gas and User Taxes Don't Fund Most Transportation Projects

A new study by the Tax Foundation found that revenues from gasoline taxes and tolls only fund approximately 50 percent of state and local transportation projects.
Community News

Retiring MSCPA CEO Reflects on Past and Future of the Profession

Just days before his retirement from the MSCPA, AccountingWEB sat down with Theodore J. Flynn to discuss the major changes that have impacted the profession over the last four decades, the current state of the CPA industry, and where things are headed in the future.
Tax

Crime Watch: December 27, 2013

A sixty-three-count superseding indictment in a conspiracy to defraud the IRS was unsealed December 23. The indictment alleges that Primetime Tax Services Inc. was a tax return preparation business with three storefronts in the Minneapolis area.
Tax

Bramwell's Lunch Beat: Could Wyden Replace Baucus as Top Tax Writer?

Here are "Bramwell's Lunch Beat" menu items for December 23.
Tax

Crime Watch: December 6, 2013

Gary Mach was sentenced to sixteen months in prison, two months of house arrest, and eighteen months of probation and ordered to pay $270,725 in restitution to the IRS after previously pleading guilty to conspiracy to defraud the United States.
Technology

Xero Embarks on Inaugural Twenty-City National Road Show

Accounting software provider Xero embarked on its first national road show earlier this week, providing free training to accountants and bookkeepers on how small businesses can use its Cloud platform to improve efficiency and reduce costs.
Education & Careers

Robert Half Survey Finds Career Growth Improving for Women in Accounting

The ability of women in finance and accounting to advance through the ranks is better now than ten years ago, according to financial executives surveyed recently by global staffing firm Robert Half.
Tax

Crime Watch: September 26, 2013

A New York man admitted his role in one of the largest credit card fraud schemes ever charged by the Justice Department. He and a coconspirator caused more than $200 million in confirmed losses to businesses and financial institutions.
Tax

Crime Watch: September 13, 2013

A couple from Iowa and a Las Vegas accountant were charged September 11 with conspiring to defraud the IRS of more than $700,000 by allegedly using nominee corporations and bank accounts to hide their income and other assets.
Tax

Crime Watch: August 30, 2013

The Justice Department announced August 20 that Teresa Marie Marty, Charles Tingler, and Victoria Tingler have been charged with conspiracy to defraud the United States and filing multimillion-dollar liens against government officials.
Tax

Crime Watch: August 2, 2013

The Justice Department and IRS announced that John T. Hoang of Virginia pleaded guilty in federal district court in Washington, DC, to willfully aiding and assisting in the preparation of false income tax returns for tax year 2004.
Technology

AICPA and XBRL US Offer Online XBRL Certificate Program

In an effort to address the increased demand for comprehensive and intensive training on XBRL, the AICPA and XBRL US Inc., the not-for-profit consortium for business reporting standards, launched the XBRL US GAAP Certificate Program.
Tax

Crime Watch: June 21, 2013

A Washington man who advised and assisted others in a common tax fraud scheme, was sentenced June 14 in US District Court in Tacoma to ninety-seven months in prison and three years of supervised release.
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.
Tax

IRS Warns of Tax Scams Following Boston Marathon Tragedy

Since the bombings at the Boston Marathon on April 15, millions of dollars have been donated by people and businesses from across the country to help the families of the three people killed in the attack and those who suffered severe injuries.
Tax

Marathon Bombing Aftermath: IRS Extends Tax-Filing Deadline for Boston Residents

UPDATE: Boston-area taxpayers and others affected by the tragedy at the Boston Marathon earlier this week now have until July 15 to file their taxes or make payments.
Tax

Online Sales Tax Court Decision Could Set Stage for Supreme Court Showdown

A court ruling last week that upholds a decision to force online retailers to collect New York State sales tax may force a Supreme Court battle or action by Congress to allow states to claim tax revenues they've lost to online purchases.
Education & Careers

Students Score Prime-Time Win in AICPA Competition

Move over "CSI." A team of high school students from Batavia, Illinois, recently came up with a new idea for a prime-time TV drama based on forensic investigation that earned them first place in the American Institute of CPA's Project Innovation: Start Here, Go Places. Competition of Creative Excellence.
Education & Careers

Author Cornwell Wins $50.9 Million Lawsuit against Financial Manager

Best-selling writer Patricia Cornwell won a $50.9 million judgment February 18 after a federal court jury in Boston unanimously found her former accounting and business management firm negligent.
Practice

Patricia Cornwell Sues Accountant for Financial Mismanagement

A high-profile court case in Boston, now in its second week, raises questions about where accountants and financial advisors fiduciary responsibilities for clients end.

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