The federal government moved one step closer toward imposing state sales tax on online retail sellers when the Senate voted on April 22, 2013, to bring the Marketplace Fairness Act of 2013 to the floor for limited debate.
Turns out American kids aren't the only ones with a foggy idea about the financial future. According to a recent study by T. Rowe Price, many parents are also neglecting to prepare for their families' long-term financial stability.
With the goal of making it more user-friendly and intuitive for members, the AICPA has completed a proposed revision of its Code of Professional Conduct. AICPA members have until August 15 to submit comments on the proposal.
On April 16, the Council for Economic Education (CEE) released its National Standards for Financial Literacy. The standards are a framework for the content and skills the CEE believes should be contained in a K-12 personal finance curriculum.
The Certified General Accountants Association of Canada (CGA-Canada) has returned to talks aimed at unifying the accounting profession in Canada under the Chartered Professional Accountants (CPA) banner.
It has long been established that the CPA must meet certain standards of independence, objectivity and integrity when performing attest services. Similarly, certain standards are called into play when a CPA performs a business valuation.
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.
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?
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.