New York news

Tax

Tax Preparer Caused $235,000 in Tax Loss to IRS

New York tax preparer pleaded guilty to one count of aiding and assisting in the preparation and presentation of a false and fraudulent return.
Tax

Former Pennsylvania Businessman Convicted of Filing False Returns

Jonathon Felix, formerly of Villanova, Pennsylvania, was found guilty by a federal jury of willfully signing and filing false income tax returns, the Justice Department and the IRS announced May 22.
Education & Careers

Rev Up for Next Year's Busy Season at a Conference

Now that busy season is over, it's a good time to consider attending a conference.
Practice Management

12 Tips for Mastering Your To-Do List

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.
A&A

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

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

Social Media Influences on Generational Behavior and Vice Versa

Not only is the accelerating use of these outlets affecting our behavior and use of time, but also social media are influencing behavior of the different generations – and vice versa. Generational expert Phyllis Weiss Haserot explains.
Education & Careers

AICPA: 2011 Elijah Watt Sells Award Winners Announced

The American Institute of Certified Public Accountants has announced the winners of the 2011 Elijah Watt Sells Award. Thirty-seven students received this honor.
Community News

New York High School Students Gain Insight into Accounting Profession

High school students from several Rochester schools gathered in downtown Rochester for the New York State Society of Certified Public Accountants (NYSSCPA) World of Accounting event.
Tax

New York Tax Preparer Sentenced for Tax Fraud

New York Tax Preparer Sentenced for Tax Fraud Howard Levine, owner of a Dix Hill, New York, tax preparation business, was sentenced to thirty-seven months in prison for tax crimes, the Justice Department and IRS announced April 26, 2012. Levine was also ordered to pay $320,998 in restitution to the IRS.
Tax

Study Finds the Odds Favor IRS in Supreme Court Tax Cases

The odds are stacked against corporations whose disputes with the IRS go all the way to the Supreme Court, according to a new study by Joshua Blank, faculty director of the graduate tax program at NYU law school, and Nancy Staudt, a tax scholar at the University of Southern California, Gould School of Law.
Tax

Groundbreaking Tax Fraud Lawsuit against Sprint for over $300 Million

On April 19, Attorney General Eric T. Schneiderman filed a lawsuit against Sprint-Nextel for deliberately under-collecting and underpaying millions of dollars in New York state and local sales taxes on flat-rate access charges for wireless calling plans. Also on April 19, Sprint Nextel responded to the allegations.
Community News

Company Announcements: Week of April 9, 2012

Following is the latest roundup of accounting community news for the week of April 9, 2012.
Community News

Company Announcements: Week of April 2, 2012

Following is the latest roundup of accounting community news for the week of April 2, 2012.
AccountingWEB Life

Sales Tax Levies on Digital Downloads Facing Headwinds for Now

It is hard for legislators in cash-strapped states to ignore the explosion in the use of electronic devices - handheld computers, smart phones, iPods, iPads, and e-readers - and not view the many products these devices deliver as a basis for a new sales and use tax.
Tax

New York State Is Attempting to Tax Its Yoga Studios

Last year, after the Bureau of Proprietary School Supervision attempted to subject yoga studios to licensing regulations, the proposed "Yoga Bill" was signed into law by Governor Paterson on March 24, 2010. The bill exempts yoga and martial arts studios from state educational certification.
Community News

NYSSCPA Selects Two Winners for Its Distinguished Service Award

This year, there are two winners of the New York State Society of CPAs' (NYSSCPA) Distinguished Service Award - Stephen Valenti, CPA, and George Foundotos, CPA. The award will be presented to them at the Society's Annual Election Dinner and Meeting on May 10.
Tax

Maryland CPAs Are Fighting Proposed Tax on Professional Services

Maryland CPAs are mounting a coordinated effort to fight a proposed sales and use tax on professional services that will specifically apply to management consulting and tax preparation services. Lawmakers in Maryland have proposed the measure as one way to solve their budget problems.
Community News

Company Announcements: Week of March 26, 2012

Following is the latest roundup of accounting community news for the week of March 26, 2012.
Tax

IRS Seeks Volunteers for Taxpayer Advocacy Panel

The IRS is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), a federal advisory committee that listens to taxpayers, identifies key issues, and makes recommendations for improving IRS service.
Community News

AICPA Honors Top CPA Exam Performers with the Elijah Watt Sells Award

The American Institute of CPAs (AICPA) has announced the winners of the 2010 Elijah Watt Sells Award. The award was presented to candidates who obtained the ten highest cumulative scores on all four sections of the computerized Uniform CPA Examination.

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