The 2014 tax-filing season, which was scheduled to begin on January 21 but was delayed because the IRS could not program and test its tax-processing systems during the sixteen-day federal government shutdown in October, will now begin on January 31, according to the agency.
It's official. New York Yankee Robinson Cano will soon switch coasts as a result of the contract that he signed with the Seattle Mariners. Both teams wanted the five-time All-Star second baseman, and both made nice offers.
Under federal law, income from growing medical marijuana is ill-gotten gain. It is, however, taxable, as is all income. In some states, growing cannabis is legal for medical purposes and in Colorado, it's legal – period.
The days of listening to stodgy diatribes about technical accounting standards are over, or at least they should be, according to Tom Hood, executive director and CEO of the Maryland Association of CPAs and the Business Learning Institute.
The Roth 401(k) has failed to gain much traction in the workplace. But a provision in ATRA was designed to grease the skids. Now the IRS has provided valuable guidance on in-plan Roth 401(k) rollovers in Notice 2013-74.
From taxation of Cloud-related activities and the prospect for US and international business tax reform to the implementation of the Foreign Account Tax Compliance Act (FATCA), there are several key tax issues facing business executives in 2014, according to Big Four firm KPMG LLP.
Under the federal tax code, inflation can create an infinite effective tax rate on capital gains, and in fact, if a taxpayer purchased an average stock in 2000 or 2007 and sold in 2013, he or she would be taxed entirely on inflation, according to a new study from the Tax Foundation.
Areas of general accounting and finance – including forecasts and budgets, financial reporting, and mergers and acquisitions – were cited by more than half of CFOs as projects they would likely outsource to financial consultants and interim managers in the next twelve months, according to a recent survey.
Chicago-based professional services firm BDO USA LLP has expanded into the western Pennsylvania market by acquiring Pittsburgh-based accounting firm Alpern Rosenthal. The merger is effective December 16.
Reflection is something I do a lot of – I have for many years quite regularly in my daily or weekly goings on. At certain holiday times and other milestones every year, I reflect on my year and perspectives at that snapshot in time.
This series of articles by Larry Perry, CPA, will discuss special considerations concerning engagement acceptance, the planning and performance phase of this type of engagement, and determining an opinion and reporting on the audit.
Despite federal regulations instituted in the wake of corporate financial scandals, a substantial number of corporations have audit committees whose members have social ties to the CEO, according to new research.
Following up on the success of his popular High Impact Excel session, this time around David H. Ringstrom, CPA turns his attention to pivot tables. In one hour you'll learn how to whip unwieldy data into shape, and then quickly build meaningful reports by dragging and dropping with your mouse. David will also discuss techniques for improving pivot table data integrity. Detailed handouts with numbered steps will be provided for a variety of Excel versions.