Ohio news

Tax

Fear factor: Intimidating print, TV ads used in amnesty program

Tax amnesty can be an effective way for a taxing authority to quickly fill its coffers, clear a lot of names off the delinquency list, and help balance the budget. States do it from time to time, though critics warn that it can undermine regular collections if taxpayers begin to sense a pattern.
Tax

Massachusetts tax attorney suspended for failing to meet tax filing obligations

Massachusetts Tax Attorney Kevin Kilduff has been barred from practicing before the Internal Revenue Service for 48 months for failing to file a federal tax return, and for filing another five returns late.

Employee or independent contractor? White House budget depends on the answer

At least seven billion dollars… that's the amount President Barack Obama has penciled into his 2010 budget to be collected in the next ten years, from firms that misclassify workers.
Education & Careers

Accounting Scholarship Programs

AccountingWEB has compiled a list of scholarship opportunities for accounting students.
Education & Careers

Accounting and xTREME? Rarely found in the same sentence

The xTREME Games include xTAX, short for "Extreme Tax," and xACT, short for “Extreme Accounting.” Both are case competitions that expose students to real tax and accounting situations.
Tax

Ohio accountant nailed for mortgage fraud and obstruction of justice

Dennis G. Sartain of Hilliard, Ohio; and Bonnie Helt, of Columbus, Ohio, have pleaded guilty to conspiring to commit mortgage fraud, money laundering and obstruction of justice.
Community News

Rea & Associates collects 12 tons of food for the hungry

Ohio families will have more food for the holidays thanks to the efforts of employees at Rea & Associates. Employees of the CPA firm's 11 Ohio offices raised more than 24,000 pounds of food during the annual holiday food drive.
Education & Careers

Ohio CPAs teach local students 'Smart Money Management' skills

On November 12, fifth-grade students in Brecksville, OH will play the stock market and learn the risks and rewards of real-life investing.
Community News

Crowe Horwath interns collect thousands of items for charities

Oakbrook, IL-based Crowe Horwath LLP has announced that its summer interns collected more than 3,500 books, toys and shoes to benefit charitable organizations across 15 communities in eight states.
Education & Careers

IMA will hold 10th annual Student Leadership Conference

The Institute of Management Accountants 10th Annual Student Leadership Conference. will take place in at the St. Louis Union Station Marriott from November 5-7.
Community News

INSIDE Public Accounting announces its annual Best of the Best Firms

INSIDE Public Accounting’s Best of the Best Firm’s recognition honors 25 firms annually for their wise management and superior operational performance in fiscal and management metrics based on over 50 criteria.

Mortgage loan fraud increasing

The number of Federal Bureau of Investigation’s (FBI) investigations of mortgage fraud and associated financial crimes is on the rise.

Credit card fraud versus true identity theft, the difference is night and day

I’m going to tell you a little story about an individual who had an experience that afterwards; you can determine whether it was credit card fraud or identity theft.
Education & Careers

Top business and accounting graduate schools ranked

For everything, there is a ranking. Accounting and business schools are no exception.
Tax

Combustible tax deductions: Will this charitable contribution go up in smoke?

It may sound suspicious, but many CPAs and attorneys argue that it’s a legitimate tax strategy.
Education & Careers

Group interview technique becoming popular at more hiring levels

Job candidates accustomed to preparing for one-on-one interviews with staff and managers may soon find themselves confronted with the "panel interview," especially when the hiring firm is looking for people who work well in a group setting. The group interview is the ultimate stress test and some prospects get no warning before they have to interview with several individuals at the same time, The Wall Street Journal reports, so job seekers should get ready for this type of interview as part of their search preparation.

Six defendants found guilty in Chicago tax fraud trial

Six defendants were convicted Monday after participating in a nationwide tax scheme that enabled 650 wealthy taxpayers to cheat the government out of $60 million.Michael Vallone of Orland Park, IL, Edward Bartoli of Clearwater, FL, Robert Hopper of Gadsden, AL, Timothy Dunn of Chesterton, IN, William Cover of Naperville, IL, and Michael Dowd of Glenview, IL were convicted of tax-fraud conspiracy and other charges after the 11-week trial in U.S.

CPA mobility legislation gains national momentum

Twenty-three states have approved laws to make it less burdensome for certified public accountants to represent clients across state lines.The American Institute of Certified Public Accountants is seeking enactment of similar laws in every state so that a national uniform mobility system will become a reality for CPAs, CPA firms, and the state boards of accountancy that regulate them.

Maryland becomes 18th state to enact CPA mobility legislation

The Maryland General Assembly last week passed a CPA mobility bill that will make it easier for CPAs to do interstate business.

Political talk at work is a potential minefield

While discussions at work about the presidential election may seem inevitable, human resources experts warn supervisors that discussing political preferences can kill the bottom line.A survey last year by Harris Interactive showed that about one-fourth of all employees say their top managers make it clear to their subordinates which political candidates they prefer.

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