News

Practice

HARO: Easy-to-Use, Low-Hanging PR Fruit

Scott Cytron has a public relations tip for you that has brought success to one of his clients no less than three times in the last month. It’s HARO (Help a Reporter Out), a database that enables you to respond to reporter queries that you normally would never know about, all for free and with a very minimal time commitment.
Tax

TIGTA Says IRS Needs to Upgrade Travel Procedures

In a new report released yesterday, the Treasury Inspector General for Tax Administration (TIGTA) says some IRS executives have been dodging taxes on travel excursions.
Tax

Bramwell’s Lunch Beat: Mt. Rushmore of Tax Professors

Here are “Bramwell’s Lunch Beat” menu items for February 19.
Tax

Celebs Talk a Big Game, But Will They Pay More Taxes?

Who wants to pay more taxes? If you’re waiting for a punch line, forget about it. With tax time underway, there will be a lineup of wealthy people, mostly celebrities, saying, “Please tax me more!” However, in many cases, their words don’t match their actions.
Tax

Tax Professionals: How Do You Protect Your Practice and Clients From Dishonest Employees?

This morning, I was reading an article in last year’s EA Journal about an EA who discovered that one of his employees had been stealing his clients’ refunds. It was a stunning revelation to this employer, because it had been going on for at least two tax seasons (2010 and 2011) without his knowledge.
Education & Careers

Understanding the Client Experience

Have you ever wondered why some clients leave or seem dissatisfied when you feel you haven’t done anything wrong?
Practice

ParenteBeard Adds 26 Employees in Recent Acquisition of Invotex

Philadelphia-based CPA and business consulting firm ParenteBeard LLC will open a new office in Baltimore after acquiring specialized consulting business Invotex. As part of the deal, twenty-six Invotex employees, including four partners, will join ParenteBeard, which now has nineteen offices in the United States.
Tax

Bramwell’s Lunch Beat: Mr. Wyden, Tell Us What You Really Think About the US Tax Code

Here are “Bramwell’s Lunch Beat” menu items for February 18.
Tax

2014 Tax-Filing Season Off to a Roaring Start

From January 31 – the opening day of the 2014 tax-filing season – until February 7, the IRS received 27.3 million income tax returns, up 2.5 percent from the 26.9 million returns it collected around the same time last year, the agency reported today.
Tax

IRS to Taxpayers: Hang Up the Phone

Typically, Presidents Day week is “prime time” for taxpayers to call the IRS with questions about filing returns and related issues. But because of government budget cutbacks that may result in longer call wait times, the IRS is asking taxpayers to use its website and other online tools instead to find answers to their questions.
A&A

Bramwell’s Lunch Beat: Why CPAs Are Still Loved by Health Care CFOs

Here are “Bramwell’s Lunch Beat” menu items for February 14.
A&A

Auditing Special Purpose Frameworks - Part 8: Stock-based Comp, Business Combinations, and More

Continuing to lay a foundation for developing audit strategies and audit plans, this article presents more comparisons of significant requirements in US GAAP and the AICPA’s "Financial Reporting Framework for Small- and Medium-Sized Entities" (FRF for SMEs).
Technology

How to Resolve Duplicate Data within Excel Pivot Tables

An attendee from my recent pivot table webinar posed a question that I hadn’t encountered before.
Tax

Legislation to Exempt US Olympic Medalists from Tax Comes Out Right on Cue

Shortly before the Winter Olympics in Sochi got underway, Representative Blake Farenthold (R-TX) reintroduced legislation, the Tax Exemptions for American Medalists (TEAM) Act, that would provide tax exemptions to American athletes who win medals in the Olympics.
Tax

Olympic Medal Dreams: All That Glitters Is Taxable

Winning a medal in the Winter Olympics is not extremely lucrative for US athletes, with $25,000 awarded for gold, $15,000 for silver, and $10,000 for bronze. And that prize money is taxable by Uncle Sam. Even those with the lowest incomes will pay at least 10 percent to the IRS, and maybe more in state taxes.
A&A

Bramwell’s Lunch Beat: Some Voice Concern About FAF Contribution

Here are “Bramwell’s Lunch Beat” menu items for February 13.
Tax

Appeals Court: IRS Lacks Authority to Regulate Preparers

A federal appeals court panel of three judges on February 11 upheld a lower court’s ruling early last year that the IRS does not have the legal right to regulate the estimated 600,000 to 700,000 paid tax return preparers in the United States.
Practice Management

Tax Professionals: How Do You Respond When Someone Asks About Your Fee?

There’s a discussion going on in the Tax Business Owners of America LinkedIn forum about fees. It’s quite lively and has a lot of voices joining in.
Practice

Small Business Is Halfway to Hiring

When you talk to your small business clients, are about half of them hiring? The other half aren’t?

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