Virginia news

Community News

KPMG Foundation awards $470,000 in scholarships

The KPMG Foundation this week announced it has awarded a total of $470,000 in scholarships to 47 minority accounting doctoral students for the 2010-2011 academic year.
Tax

Revenue worries don't stop states from offering tax holidays

Taxpayers in 16 states will get sales tax breaks on the purchase of various school-related purchases during certain dates in July and August.
A&A

Five ways to get sued

Here are the top five ways CPAs can make themselves vulnerable to litigation.
Tax

Block and Liberty: A marriage in the tax prep industry?

John Hewitt, founder of Liberty Tax Services, is reaching out to H&R Block to see if there might be a commercial marriage in their future.
A&A

CPE mid-year 2010 update: Rules, regulations, trends

Mid-year 2010 has arrived and accountants in approximately half the jurisdictions in the United States are facing compliance deadlines. Tax time is well behind us and crunch time for compliance is here.
Tax

Celebrity chef violates “clean hands” rule

Roberto Donna is a celebrity chef in the Washington, D.C. area, having won a James Beard Award in 1996 for his legendary restaurant, Galileo. He is looking to reopen Galileo in a new location, but authorities are telling him, "Not so fast." He can’t pass the clean-hands test.
Tax

More whistleblowers needed, organizational transgression appears to be growing

Whistleblowers are still a major source for uncovering fraud and wrongdoing within companies, but being a whistleblower is a difficult, arduous process with an uncertain conclusion.
Practice Development

The Virtual CFO: Using payments/banking technology to increase value

Business owners need more help than ever to manage cash flow and budget expenses – and 68 percent say they are looking to their accounting and financial partners to provide this help, according to a SunTrust survey.
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.
Education & Careers

SIFE members' passion for business can be powerful force for change

Students In Free Enterprise, an international non-profit network of students, academics, and business leaders working with businesses and higher education organizations, is in the midst of its regional and national competitions.
Education & Careers

Jobs least difficult to find in San Jose, CA, and Washington, D.C.

Times are tough all over, but finding employment is least difficult among the largest 50 U.S. cities in San Jose, California, and most difficult in the Detroit metropolitan area, according to the Job Search Difficulty Index released this month by Juju.com, an online job search engine.
Tax

Snoop Dogg, Spears: Potpourri of celebrities and their dealings with the tax man

Rapper Snoop Dogg, nee Calvin Broadus, is in trouble with the Internal Revenue Service again. On January 19, the IRS filed a lien with the Los Angeles County Recorder of Deeds against Snoop Dogg and his wife, Shante.
Education & Careers

Accounting Scholarship Programs

AccountingWEB has compiled a list of scholarship opportunities for accounting students.
Tax

The Internet nexus sales tax debate: "Amazon Laws" vs. the Streamlined Sales Tax Project

While the precise amount of sales tax revenue that is lost through online retailing may be in question, there is little doubt that the amounts are large enough to warrant attention by state budget directors who are looking for money.
Tax

Sacramento accountant with lavish lifestyle charged with stealing from clients

A prominent Sacramento CPA has been accused of stealing more than $13.3 million from his clients, according to reports.
Tax

Nine states and District of Columbia will file tax returns in new locations

The Internal Revenue Service has announced that some taxpayers who file paper income tax returns will send them to different processing centers this year. 
Community News

CPA Argiz named president of Orange Bowl Committee

Antonio L. Argiz, CEO and managing partner at Miami-based CPA firm Morrison, Brown, Argiz & Farra LLP, recently fulfilled a longtime dream. The 48-year resident of Florida was named the 72nd president and chairman of the Orange Bowl Committee.
Tax

Making Work Pay Credit may mean smaller refunds

Refunds may be smaller this year for some people, and paychecks will definitely be smaller in 2010 than in 2009, because of the Internal Revenue Service's withholding calculations for the Making Work Pay Credit.
Tax

Are you ready for the redesigned IRS Form 990? More disclosure, more detailed schedules and more pitfalls abound

In December of last year, the IRS released the first major redesign of the form 990 in nearly 30 years in order to keep pace with the increasing size, diversity and complexity of the tax-exempt sector.
Tax

Unemployment taxes may double or even triple in 2010

State unemployment trust funds have fallen to such a low level that rate increases may be required to rebuild their balances even when employment improves.

Pages