Articles by Jason Bramwell

Tax

House Panel Votes to Restore Six Expired Business Tax Breaks

The Republican-led House Ways and Means Committee passed a measure on Tuesday that would make six expired business tax breaks permanent, including the research and development credit.
A&A

DATA Act Awaits Obama’s Signature

The legislation, which was supported by the AICPA, was passed in the Senate earlier this month and in the House yesterday. The bill will make federal government spending data publicly available online.
A&A

Bramwell’s Lunch Beat: BofA Makes ‘Weird’ Capital Blunder

The menu for April 29 features specials on Pfizer looking to save billions in taxes, Lerner lawyer’s letter to GOP, SEC accounting probes underway, the sanctity of a tax break, and more.
Tax

IRS Readies for Slew of Amended Returns

The agency estimated last week that approximately 5 million taxpayers will amend their federal income tax returns by filing Form 1040X this year. Those who need to amend their returns should do so only after filing the original return.
A&A

Bramwell’s Lunch Beat: A History Lesson on Double-Entry Accounting

The menu for April 28 features specials on NY Rep. Michael Grimm indicted on tax fraud charges, House contempt vote for Lois Lerner slated for May, US banks taking swaps business overseas, and more.
Tax

Ask and You Shall Receive: E-filing Up This Tax Season

The IRS strongly encouraged taxpayers to file their 2013 federal income tax return electronically versus mailing a paper return to the agency. So far, 88 percent of the returns the IRS received this tax season were e-filed.
A&A

Bramwell’s Lunch Beat: CAQ Ready to Pilot Test Set of Audit Quality Indicators

The menu for April 25 features specials on France objecting to Google’s European tax structure, House Ways and Means Committee ready to move next week on tax extenders, and more.
A&A

Former KPMG Partner Scott London Gets 14 Months in Prison

The ex-KPMG senior audit partner was sentenced on Thursday for providing inside information about several of his firm’s clients to a friend, who used it to make at least $1.6 million in illicit profits.
A&A

Earn CPE Credits at 2014 IRS Tax Forums

Enrolled agents and CPAs can earn as much as 18 credits by attending one of five IRS Nationwide Tax Forums this summer. The three-day events feature seminars, workshops, and a two-day expo.
A&A

Bramwell’s Lunch Beat: Lawmakers Weigh In on IRS Bonuses Issue

The menu for April 24 features specials on Russia scrambling on FATCA, arrests in ID theft and fake tax return scheme, could the US implement a tax lottery like Slovakia, and more.
Tax

IRS Responds to TIGTA Report on Bonuses

The agency said it is developing a policy linking conduct to performance awards for executives and senior-level employees – and a similar policy for all IRS employees will be considered.
A&A

Bramwell’s Lunch Beat: IRS May Want to Fix Its Bonus Policy

The menu for April 23 features specials on the London Stock Exchange changing audit firms, IRS heading to US Supreme Court, co-signers causing surprise defaults on student loans, and more.
A&A

Revenue Recognition Standard Now Slated for Late May

The FASB had hoped to issue a final standard on revenue recognition during the first quarter of 2014. However, the board confirmed today that the timetable for releasing the standard has been pushed back slightly.
A&A

Bramwell’s Lunch Beat: GAO Sheds Light on IRS Budget Woes

The menu for April 22 features specials on the IRS denying group’s tax-exempt status, what the airline industry and the IRS have in common (and it’s not good), if sales taxes will doom Amazon, and more.
A&A

Survey: Accounting Jobs Can Take as Long as a Month to Fill

CFOs reported that vacant staff-level accounting or finance jobs take an average of four weeks to fill, while open management-level positions take five weeks on average to fill, according to a new Robert Half poll.
A&A

Bramwell’s Lunch Beat: Lease Accounting Talks Scheduled to Start Back Up Later This Week

The menu for April 21 features specials on PwC looking at corporate clawback policies, SIFMA wanting FATCA delay, property tax collections rising, and more.
A&A

Bramwell’s Lunch Beat: Ex-Accountant Whose Last Name is Bunny Wins Easter Contest

The menu for April 18 features specials on the IRS auditing fewer large business partnerships, SEC being vulnerable to hackers, scary-looking Easter bunnies, and more.
A&A

Bramwell’s Lunch Beat: China Is a Hotbed for Accounting Fraud

The menu for April 17 features specials on a pitch for valued added tax, IRS chief reiterating rewrite of 501(c)(4) guidelines, Starbucks moving European headquarters to London to pay more tax, and more.
Education & Careers

PwC Takes Top Spot in Vault Accounting 50 for 2015

For the second-straight year, the Big Four firm was named the No. 1 accounting employer in North America, according to Vault.com's latest rankings that were released on Tuesday.
A&A

Bramwell’s Lunch Beat: Are Audits Suffering Due to Data Analysis?

The menu for April 16 features specials on when disclosure is appropriate in internal audit reports, root causes of audit deficiencies, taxpayers being left the tab on tax havens, and more.

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