News

Workplace Fitness

2013 Day 72: Celebrate Good Times

Today's workplace fitness exercise will get your heart pumping and help you celebrate - you made it through tax season! Congratulations!
1134
Tax

A Few Nuggets Found in Obama and Biden Tax Returns

Just before the April 15 due date, the White House released the 2012 federal income tax returns for President Obama and Vice President Biden. Both the POTUS and the Veep filed joint returns with their respective spouses. Overall, there were just a few mild surprises.
1561
Practice

Company Announcements: Week of April 15, 2013

Following is the latest roundup of community news for the week of April 15, 2013.
590
Tax

UPDATE - Tax Man to MLB: "Take Me Out to the Ball Game!"

Smart tax professionals who are aware of existing reciprocity laws can save professional athletes a bundle in taxes they don't really owe. That's why players have to rely on their tax advisors to know where reciprocity laws exist . . . and get it right.
3733
Tax

Pace of Tax Return Filings Slower than Last Year

It looks like the last-minute run-up to the April 15 tax deadline has been particularly frantic for accountants, taxpayers, and the IRS this year. According to TIGTA, as of March 9, the IRS had received more than 65 million tax returns, down from the nearly 72 million returns filed during the same period in 2012.
1061
Tax

IRS Releases Draft Form 8957 for FATCA Registration

The IRS continues to work on improvements relating to tax reporting of assets held in foreign banking accounts. Now it has released a new draft of Form 8957 that it expects will lead to increased compliance.
3555
Community News

Cold CPAs, Warm Hearts – North Carolina Firm Takes Polar Plunge for Special Olympics

Most CPAs simply grab an extra cup of coffee to steel themselves for another grueling day during tax season. But this February, associates from Davenport, Marvin, Joyce & Co., LLP tried a much more "stimulating" approach to jump-start their day.
1337
Tax

Crime Watch: April 12, 2013

The United States has filed a civil injunction lawsuit seeking to shut down Mo' Money Taxes of Memphis, Tennessee. The complaint alleges that the estimated tax loss from fraudulent tax return preparation at Mo' Money Taxes in 2011 exceeds $9 million.
1345
Tax

IRS Plans to Cut Back on Big Company Audits This Year

The IRS plans to spend 18 percent less time auditing businesses with assets of $10 million or more in its current fiscal year compared to two years ago, according to a report from Syracuse University's Transactional Records Access Clearinghouse (TRAC).
957
A&A

Former KPMG Partner Scott London Charged with Insider Trading

A former KPMG LLP senior audit partner faces federal criminal and civil charges for his involvement in a web of deceit that included tipping off a friend about upcoming corporate earnings releases and merger announcements.
1648

AccountingWEB Newsletters

150
Tax

Can the IRS Snoop into Personal E-mail?

It's not likely that taxpayers are "blind copying" the IRS on their e-mails to friends or sharing their posts on social media sites with the IRS. But the IRS may be reading those messages anyway.
2289
Technology

Excel Tip: Determining Worksheet Cell Protection at a Glance

You can't easily tell at a glance if a cell is locked or not, but Excel expert David Ringstrom shows you how to add a visual aid. As an added bonus, the technique also makes it far easier to lock and unlock worksheet cells.
1195
Practice

CPA Firm Draws Humor from Taxes

If you're at the point in tax return season when you're tearing your hair out – and who could blame you? – you might appreciate one firm's attempt at whimsy. On April 10, the accounting firm of Drucker & Scaccetti presented a special exhibit entitled "Finding Humor in Taxes."
1763
Workplace Fitness

2013 Day 71: Ab Twist

Today's workplace fitness exercise focuses on the abdominal muscles.
917
Education & Careers

Next-Generation Skill Sets We Need Now

Currently, there's a mismatch of skills between many of the unemployed and skills needed now and going forward. This isn't just about technology, as you will see, and it applies to various levels of seniority.
2371
Workplace Fitness

2013 Day 70: Quadriceps Stretch

Today's workplace fitness exercise helps to lengthen the quadriceps muscle.
870
Technology

Tax Reform Writers in Congress Want to 'Friend' You

Want to know where the next major tax reform legislation is coming from? You might check on Facebook, Twitter, or LinkedIn. Senate Finance Committee Chairman Max Baucus and House Committee on Ways and Means Chairman Dave Camp said they'll ask the public for tax law proposals via social media.
818
A&A

KPMG Insider Trading Scandal Latest Blow to Accounting Industry's Reputation

The insider trading scandal that has engulfed KPMG LLP, causing it to resign as auditor at two companies and fire a partner, contributes to the negative image the public accounting industry gained due to its role in the run-up to the 2008 financial crisis.
3759
Tax

President Obama's Budget Proposal: What's Ahead for the Estate Tax?

In a tough economy, it's not likely that any fiscal changes will be met with cheers, and the $3.78 trillion budget proposed by President Obama on April 10 was no exception. His plan seeks to trim the deficit by $1.8 trillion over the next decade, leaning heavily on high-income earners to fill the gaps.
2070

Pages

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?
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
ADVERTISEMENT
Loading...
AccountingWEB Live!
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.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT