A&A news

Practice

Forget retirement - let's work forever!

Sixty percent of wealthy individuals say they never plan to retire. This group of "Neveretirees" is expected to grow over the next several years as more than 70 percent of respondents under the age of 45 say they will always be involved in some form of work.
A&A

Reality check: Fraud in the workplace

We like to believe that everyone is honest, no one cheats or takes unfair advantage, but the reality is that workplaces can be breeding grounds for bad behavior. Here are some steps for spotting and circumventing fraudulent activity.
A&A

PwC provides top 10 questions for audit committees

Wondering where to start with your next audit? PwC US's Center for Board Governance has announced its annual list of questions and insights to help audit committees oversee their companies' 2010 year-end financial reporting process.
A&A

Carbon accounting is hot new growth area for accountants

An overwhelming majority of Fortune 500 companies now voluntarily measure, manage, and publicly disclose their carbon emissions. This provides an exciting opportunity for accountants to provide an important service in the growing area of carbon accounting.
A&A

CPA travels Route 66 to promote fuel that benefits Mother Nature

Not only did compressed natural gas benefit the business of a CPA's friend and client, it was the genesis of a record-breaking trip along Route 66 to promote alternative fuel and energy independence. AccountingWEB's Jason Bramwell reports.
Practice

Small business employment index indicates 57,000 jobs created in December

Small business employment continued to show growth in December with an increase in hours worked and wages flat, according to the most recent Small Business Employment Index by Intuit Inc.
A&A

Most common billing mistakes contractors make

Contractors, particularly those who are new to government work and are working for a Department of Defense agency, often face delays when submitting vouchers for payment.
AccountingWEB Life

AccountingWEB's top blogs of 2010

Keeping our readers informed is what we're all about. Often this task is accomplished through news articles and editorial commentary. In addition, AccountingWEB is home to nearly 30 bloggers, experts in their fields, who share their insights with the AccountingWEB community.
A&A

IRS order to wait puts additional pressure on accounting firms

The Internal Revenue Service has announced that taxpayers affected by three recently reinstated deductions need to wait until mid- to late February to file their individual tax returns, as well as those taxpayers who itemize deductions on Form 1040 Schedule A.
A&A

IRS provision exempts some non-signing tax preparers from competency exam

The Internal Revenue Service has issued regulations regarding non-signing preparers and PTIN registration. The regulations provide an exemption from competency exam requirements for some non-signing tax preparers.
A&A

Charitable gifts from IRAs are ideal means to make donations

The clock is ticking. For tax and financial advisors of donors 70 1/2 or older, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 allows donors to tap their IRA to make qualified charitable distributions through January 31.
Education & Careers

Tattoos, body piercings, and accounting firms

What do tattoos, nose rings, and CPA firms have in common? Millennials are expected to make up more than one third of the country’s workforce by 2014 and, of that segment, 12 percent have a tattoo and 25 percent have a body part pierced other than earlobes.
Practice Management

Study: Compliance, staffing capabilities will need special attention in changing economy

The 2011 benchmarking study of the finance function has been released. The study reveals how public and private firms of all sizes are currently managing their financial departments in six vital areas.
A&A

Ernst & Young charged with civil fraud for role in Lehman collapse

The New York Attorney General has filed a lawsuit against Ernst & Young, accusing the firm of helping Lehman Brothers hide its financial weakness from investors from 2001 until the investment bank collapsed in 2008.
A&A

AICPA recommends changes to SEC proposed ruling for family offices

A proposed ruling from the U.S. Securities and Exchange Commission exempts family offices from any requirement to register with the SEC under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Education & Careers

Survey: Executives face greater job demands today than five years ago

More than 80 percent of chief financial officers recently interviewed said they believe it’s more difficult to be a company leader today than it was five years ago.
Education & Careers

CPAs might meet experience requirement by working in industry

Michigan became the latest state to accept industry experience for original CPA certification, leaving New Hampshire, Wyoming, and the U.S. Virgin Islands as jurisdictions that still do not accept industry experience.
Practice Management

How accounting firms can make 2011 better than 2010

Your company can position itself for further growth and prosperity in 2011. Strong or weak economy, it doesn’t matter. But in a weak economy, the services of an accounting firm are needed more than ever.
A&A

IMA Foundation announces Emerging Scholar Competitive Manuscript Award

IMA’s Foundation for Applied Research recently announced a new awards program for academics: the IMA FAR Emerging Scholar Competitive Manuscript Award. IMA is accepting entries for the 2010 program through January 31, 2011.
A&A

PCAOB establishes new Office of Outreach and Small Business Liaison

The Public Company Accounting Oversight Board announced yesterday the establishment of the Office of Outreach and Small Business Liaison.

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Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
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