North Carolina news

Practice

Two Large Ohio Cities Most Tax-Friendly for US Businesses: Study

According to a new KPMG report, the top five US cities with populations above 2 million that have the most favorable tax climate for businesses are Cincinnati, Cleveland, Atlanta, Baltimore, and Pittsburgh.
Tax

Bramwell’s Lunch Beat: IRS: Don’t Call Us

Here are “Bramwell’s Lunch Beat” menu items for February 3.
Education & Careers

CFPB Study Underscores Need for Financial Literacy

A new report released by the Consumer Financial Protection Bureau suggests the amount of money spent on financial marketing greatly outweighs the amount of money spent on financial education.
Tax

Crime Watch: November 18, 2013

Chicago lawyer Gary J. Stern designed at least three tax-fraud schemes that helped hundreds of customers falsely claim over $16 million in improper tax credits and avoid paying income tax on at least $3.4 million.
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

North Carolina CPAs Help Families 'Make Cents' of Financial Future

This fall, CPAs from the North Carolina Association of CPAs will step up to help families in their state fill the financial literacy gap when the association hosts its fifth annual Making Cents: A Financial Literacy Program.
Tax

Crime Watch: October 4, 2013

A massive case of organized tax and bank fraud culminated September 26 with the unsealing of four federal grand jury indictments accusing fifty-five people of participating in one or more illicit schemes, including the theft of more than 2,000 identities that were used to claim more than $20 million in bogus IRS tax refunds.
Practice

CPAs Join Together, Give Back During Day of Service

This September, thousands of accountants from state CPA societies across the country tossed their spreadsheets aside to paint dorms at local women's shelters, tutor kids at the Boys and Girls Club, and serve countless meals to the hungry and homeless during the annual CPA Day of Service.
Practice

Idaho CPAs Host Inaugural Day of Service

The staff at Jordan & Company, Chartered in Pocatello, Idaho, could have taken a few days after the September 16 tax extension filing to tidy up the typical post-deadline clutter at the office. But instead, employees spent their "downtime" sprucing up an entirely different type of habitat.
Tax

Crime Watch: September 19, 2013

Beth Ann Pettyjohn of Englewood, Colorado, was sentenced to serve twenty-eight months in federal prison for failure to pay over employment tax. The judge also ordered her to pay $4,669,532.05 in restitution to the IRS as well as a $25,000 fine.
Tax

Crime Watch: August 14, 2013

Mark Goldberg, a Bronx-based tax preparer, pled guilty to charges related to his participation in a scheme to file fraudulent tax returns on behalf of numerous clients, falsely claiming more than $7 million in bogus deductions, including school tuition credits and expenses.
Education & Careers

AICPA Selects 'Rising Stars' for 2013 Leadership Academy Class

Some of the most promising young minds in the CPA profession will have the chance to learn about their own personal leadership style and critical issues facing their field when they participate in the AICPA 2013 Leadership Academy Class.
Tax

Crime Watch: August 9, 2013

A former Washington State real estate developer and his long-time girlfriend were convicted August 4 on twenty-five counts of tax evasion and false statements related to their scheme to avoid paying taxes on more than $23 million in income.
Tax

Employers in Seventeen States May Face Higher FUTA Tax Rates

Because seventeen states and the Virgin Islands have had an outstanding federal unemployment insurance loan for at least two years, employers in those jurisdictions may not be able to claim the maximum amount of state unemployment tax credits on their 2013 FUTA tax return.
Tax

Many States Offer Back-to-School Sales Tax Holidays in 2013

Did you know there are seventeen states where state sales tax charges are temporarily dropped on back-to-school items, such as clothing, footwear, classroom supplies, computers, and certain other products?
Education & Careers

New Beta Alpha Psi Director to Merge Technology, Tradition

When Margaret Fiorentino takes office as the new executive director of the Beta Alpha Psi (BAP) international honor organization this August, she will face a daunting yet exciting challenge. Those who know her say Fiorentino is more than up to the job.
A&A

Confirmation.com Audit Service Helps FBI Uncover Fraud Scheme

A North Carolina man who was the owner and operator of an investment fund that defrauded investors of approximately $6 million over a seven-year period agreed to plead guilty to securities fraud in US District Court on June 17.
Tax

Crime Watch: June 3, 2013

Thomas Nelson, formerly the CEO of York County Community Action Corporation (YCCAC), was sentenced May 21 in US District Court by Judge Nancy Torresen to thirty months in prison and thirty-six months of supervised release for conspiracy, embezzlement from a federally funded program, tax evasion, and signing false tax returns.
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.

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