A business owner calls a meeting to discuss the tax consequences of a particular business transaction. Two years later, the business is involved in litigation related to the transaction, and the plaintiff seeks to discover the outside accountant's notes from the initial meeting.
Hein & Associates LLP will be transformed into a shopping plaza on April 25. That's because visiting school-aged children will be starting their own businesses – one of many activities the firm has organized for Take Our Sons and Daughters to Work Day.
CCH has announced the launch of CCH Axcess – a Cloud-based modular tax preparation, compliance, and firm management solution built from the ground up, offering the accounting profession a powerful solution for complete firm management.
Exercising due diligence is a big deal to the IRS. CPA Tim W. Kaskey discovered that the hard way. He was disbarred for failing to exercise due diligence in preparing tax returns for a corporation and its husband and wife shareholders.
Unfortunately, divorcing clients may attempt to increase the amount of money they receive by making a claim against their accountant. When clients divorce, accountants are put in a variety of uncomfortable positions.
Russell G. Golden has been named the next chairman of the Financial Accounting Standards Board (FASB) effective July 1, 2013. Golden will succeed current FASB Chairman Leslie F. Seidman, whose term ends June 30.
Eight-time Grammy-winning singer Lauryn Hill was back in court April 22, presumably for sentencing in the tax evasion case against her. With three possible counts of tax fraud against her, she was facing a year in prison for each count.
This spring, the Ohio Society of CPAs (OSCPA) is inviting college accounting students to shatter the one-dimensional, bland CPA typecasting by participating in its inaugural Me in a Moment: Future CPA Video Contest.
Since the bombings at the Boston Marathon on April 15, millions of dollars have been donated by people and businesses from across the country to help the families of the three people killed in the attack and those who suffered severe injuries.
It's frustrating when Excel acts as if the active area of a worksheet is significantly larger than the actual area where you have data. Suddenly your scroll bars move you into uncharted areas, such as column TX or row 5,000.
Former IRS agent-turned-tax preparer Steven Martinez was sentenced April 15 to almost twenty-four years in prison for defrauding clients of more than $11 million and then plotting their murders to prevent them from testifying about the theft.
The IRS is changing its controversial policy of accessing taxpayer e-mails without first obtaining a warrant, but it’s not making any promises regarding social media postings on sites like Facebook and Twitter.
Tax season 2013 is over and the M&A frenzy will pick back up again where it left off. So, what's your practice worth? What can you expect whether you're a buyer or seller? One thing is for sure – baby boomers are selling at a rate the profession has never seen before.
As difficult as it has become to locate top performers, keeping them on board is proving to be an even greater worry for employers. Nearly four in ten CFOs interviewed said retaining valuable employees is their biggest staffing concern for the next twelve months.
What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
This is the groundbreaking virtual conference that gives you the experience of attending a major national conference without having to travel or leave your office. We're gathering national-caliber speakers from the accounting profession to share their knowledge and insights with you. We promise each session will contain valuable takeaways you can implement in your practice immediately.