News

Education & Careers

Wolters Kluwer Appoints Karen Abramson New CEO for Tax & Accounting Division

Wolters Kluwer announced June 6, 2013, the appointment of Karen Abramson as CEO of Wolters Kluwer Tax & Accounting, a global leader in tax, accounting, and audit software and solutions.
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Tax

IRS Suspends Two Officials for Taking Conference Perks

Following a new report from the Treasury Inspector General for Tax Administration turning the spotlight on a 2010 conference in California, the IRS announced it has placed two of its employees on administrative leave for "inappropriate behavior."
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A&A

IFRS Foundation Charts Progress Toward Global Adoption of IFRS

The IFRS Foundation has completed the first phase of an important initiative to assess the progress toward global adoption of IFRSs. The G20 has called for global adoption of a single set of high-quality financial reporting standards.
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A&A

FASB Responds to PIR of Statement 141 on Business Combinations

On May 30, the Financial Accounting Standards Board (FASB) released its response to the Post-Implementation Review (PIR) of its business combinations reporting standard.
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Tax

Tea Party Groups Say IRS Trampled on Rights

According to the testimony of members of six targeted groups given to the House Ways and Means Committee on June 4, the IRS held up applications for tax-exempt status, illegally released donor lists, and generally harassed organization officials.
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Tax

California Senate Votes to Strip Boy Scouts of Tax-Exempt Status

By a vote of twenty-seven to nine, the California Senate approved a bill that would revoke the tax-exempt status from nonprofit youth organizations that discriminate on the basis of sexual orientation, gender identity, or religious affiliation.
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Education & Careers

Portrait of the Resilient Accountant

The resilient accountant adeptly manages sudden, significant, and complex change with minimal dysfunctional behavior. Rather than shrink from controversy, resilient professionals are more likely to dive into the fray.
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Community News

Oklahoma CPA Firm and OSCPA Assist Victims of Moore Tornado

A team of thirty-six employees from BKD LLP volunteered last week to clean up residences in Moore, Oklahoma, that were destroyed by an EF-5 tornado May 20. The OSCPA is also mobilizing efforts with members and community leaders to help tornado victims.
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Technology

Winners of 2013 Innovation Awards Announced

The winners and finalists for the tenth annual Tax & Accounting Technology Innovation Awards are all Cloud-based solutions, highlighting the movement of accounting and tax experts toward mobile technologies. The awards were presented June 3 by CPA Practice Advisor.
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Education & Careers

Ernst & Young Volunteers Deliver Financial and Life Lessons in NYC

More than 450 Ernst & Young employees participated in this year's EY Connect Day, fanning out across New York City and Long Island to deliver financial and life lessons to K-12 public school students.
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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.
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Education & Careers

The Cross-Generational Mind-set of Young Veterans

As a result of wars during the lifetimes of Gen Yers/Millennials, we have a large pool of veterans who, as a group, are recognized, thanked, and celebrated by our country's population. But when they join the civilian ranks, many face difficulties getting jobs.
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Practice

Mergers: Five Structures and Determining Worth

With merger mania heating up in the accounting world, it's likely most firms are either being eyed or are ogling another firm to achieve growth or, in some cases, to achieve a combination of growth for some partners and succession for others.
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Education & Careers

NJSCPA Names Its "50 Over 50"

The New Jersey Society of Certified Public Accountants (NJSCPA) has announced its inaugural list of the "50 Over 50." These seasoned CPA practitioners and members of the NJSCPA were selected for their continuing impact on the accounting profession in the Garden State and beyond.
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Tax

IRS Comes Under Fire for Conference Spending

The IRS is expected to face even more heat this week when the TIGTA releases a new report claiming that the nation's tax collection agency spent about $50 million in holding at least 220 conferences for IRS staffers between 2010 and 2012.
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Tax

Poor Reviews for IRS Line Dance Video

Once again, the IRS is being forced to do some fancy footwork, now that a video of staffers performing a line dance has raised the ire of Congress. The video, which lasts less than three minutes, depicts IRS workers line dancing to music sounding like "Cupid Shuffle."
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Education & Careers

Community Service Is a Responsibility BKD Takes Full Throttle

During the monthlong festivities that preceded this year's Indianapolis 500, Ted Dickman saw a lot of smiles – not only on the faces of those who organized and participated in the events, but on the faces of those who attended the events.
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Community News

Company Announcements: Week of June 3, 2013

Following is the latest roundup of community news for the week of June 3, 2013.
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Watchdog

Tea Party Groups Target IRS in Lawsuit

The IRS scandal involving applications for tax-exempt status by Tea Party groups refuses to go away. Now the ACLJ has filed a lawsuit on behalf of twenty-five Tea Party and other conservative organizations against the IRS and several of its top officials.
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Practice

The Benefits of Hosting a Client Seminar

Do you value your clients? Are you doing everything you possibly can on their behalf? Do they view your firm as a leader in the community? If you’re not answering yes to all of these questions, then it’s time to start thinking about hosting a client seminar.
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Pages

Voice of the Editor

Results from a recent AICPA survey disclosed the two top priorities for CPA firms as they plan for the future: bringing in new business and finding talent. Our goal at Sift Media is to help our readers deal with the issues most important to them. One way in which we are doing this is through the launch of our new recruitment/placement service, Going Concern Jobs. Check it out today for your talent needs.
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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