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Tax

IRS: 44,000 Preparers Took Part in Annual Filing Season Program

IRS initiative, which was launched last year, enables return preparers to voluntarily fulfill continuing education requirements.
Community News

Editor's Corner: AccountingWEB is Getting an Upgrade

On June 30 you will experience a whole new AccountingWEB and in this week's column I explain what's coming and why.
A&A

Bramwell’s Lunch Beat: Top Lessons CPAs Learned From Their Dads

The menu features specials on House backs medical device tax repeal, Sen. Rand Paul details flat tax plan, and more.
Practice

More Advisors Embrace ETFs Over Mutual Funds

According to a Financial Planning Association survey, 81% of financial advisors say they prefer ETFs, while 78% use or recommend mutual funds to clients.
Practice

New Website for Relocating Accountants

Accountants looking for a new location for their careers can now use a new site from Accountingfly to connect with employers and recruiters.
Tax

US Air Passenger Taxes Are Sky High, Report Finds

The United States imposes a levy of $23 on short-haul flights and $28 on long-haul flights, which are among the highest in the world, according to a study by UHY.
A&A

Clarified Auditing Standards: Audit Evidence – Part 2 (AU-C Section 500)

Three types of analytical procedures, as well as other substantive tests of balances, are discussed in this article.
A&A

Bramwell's Lunch Beat: SEC Suffering From Congressional Rulemaking Fatigue

The menu features specials on CFOs mindful of “Cadillac tax” in union talks, impact of cuts to IRS budget, and more.
Tax

New House Bill Rekindles Debate on Online Sales Tax

Legislation introduced this week by Rep. Jason Chaffetz would “promote states’ rights and bring sales tax parity to e-retailers and brick-and-mortar stores.”
Practice

10 Ways Small-Town CPAs Can Increase Their Visibility

Although the town may have its longtime local accountants, some folks may want their taxes done by someone else. Here's how you can cultivate new business.
Practice

Study: Thousands of 401(k) Plans Didn’t Pass IRS Nondiscrimination Test

As a result, $820 million in contributions were returned to high-income employees, affecting their retirement savings.
Practice

How Your Firm Can Attract and Keep Millennial Talent

Developing these individuals into the next generation of organizational leaders is a tremendous task, but if done right, it can propel your firm to future success.
A&A

Bramwell’s Lunch Beat: Analyst: Clinton Foundation ‘Might Be PwC’s Enron’

The menu features specials on EY fined by ICAEW, Paul Ryan says tax extenders will be addressed in the fall, and more.
Tax

IRS Continues to Have Its Hands Full with Obamacare

Recent watchdog report found that the IRS is behind on developing processes and procedures to verify compliance with minimum essential coverage requirements.
Practice

Aging Clients Are a Potential Boon for Accountants

A potentially vast treasure is looming for accountants willing to provide seniors broader financial planning services beyond traditional offerings.
A&A

GASB Aims to Improve Reporting for Irrevocable Split-Interest Agreements

New proposal updates recognition and measurement guidance for governments that benefit from such arrangements.
Tax

From the Tax Court Files: Is That Money a Gift or Income?

The courts have often had to resolve the question of whether a tax-free “gift” from a man to a woman who’s not his wife was a payment for services rendered.
A&A

Bramwell’s Lunch Beat: High IT Costs Are a Major Worry for Financial Executives

The menu features specials on small firms slow to adopt COSO guidance, medical device tax repeal faces veto, and more.
Tax

FATCA Update: Tax Evaders Don’t Have a Prayer

The Vatican and the United States reached a pact last week in which the Holy See agreed to share information about overseas accounts with US tax authorities.

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