Content by Jason Bramwell

on 02/19/14
For the third straight year, identity theft heads the IRS’s list of the top twelve scams taxpayers should be wary of during tax season.The list, known as the “Dirty Dozen,” which...
on 02/19/14
Expired ‘bonus depreciation’ tax credit could be cash flow dragEmily Chasan, senior editor of the Wall Street Journal’s CFO Journal, reported yesterday...
on 02/18/14
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...
on 02/18/14
On K Street, tax extender skepticismNew Senate Finance Committee Chairman Ron Wyden (D-OR) has stated that he wants to move “quickly” to extend more than fifty expired...
on 02/14/14
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...
on 02/14/14
Accounting ‘dumping ground’ headed for clean upA category in a company’s earnings statement that can obscure the true profit and loss picture is slated for cleanup...
on 02/13/14
China units of Big Four firms appeal audit banAs expected, the Chinese affiliates of the Big Four accounting firms on February 12 appealed a US Securities and Exchange Commission (...
on 02/12/14
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,...
on 02/12/14
House approves clean debt hikeBy a vote of 221 to 201, the House passed a debt-ceiling hike of undetermined size on Tuesday, largely on the backs of Democrats, Pete Kasperowicz of...
on 02/11/14
The SEC’s quiet insider-trading lossBloomberg columnist Jonathan Weil wrote yesterday about a civil insider-trading trial the US Securities and Exchange Commission (...
on 02/10/14
A proposed comprehensive framework designed to help CFOs, CEOs, and boards of directors around the world benchmark and improve their management accounting processes was unveiled on February 10 by the...
on 02/10/14
Public accounting firms in New Jersey and in surrounding areas now have a new tool to determine compensation.The New Jersey Society of CPAs (NJSCPA) just released its 2013/14 NJSCPA Compensation...
on 02/10/14
Dems: Inspect inspector generalCongressional Democrats have for months said that J. Russell George, Treasury’s inspector general for tax administration, crafted a flawed,...
on 02/07/14
Republicans unload on the IRSA band of eleven leading Republican lawmakers, including House Speaker John Boehner (OH) and Senate Minority Leader Mitch McConnell (KY), are urging new...
on 02/06/14
IRS chief, Republicans clash over tea party probeDuring his first hearing since assuming the post of IRS commissioner, John Koskinen told the House Ways and Means subcommittee on...
on 02/05/14
In January 2013, the three co-founders of Columbus, Ohio-based online accounting firm Upsourced Accounting faced a challenge that is not unique among many small business owners: how to be more...
on 02/05/14
Lawmakers propose Olympic tax breakThe Winter Olympics officially begin on February 7, and three House Republicans have revived the idea of exempting from taxes all prize money won...
on 02/04/14
A new report from Syracuse University found that the number of referrals for criminal prosecution by the IRS has spiked by 23.4 percent under the Obama administration compared to George W. Bush...
on 02/04/14
SEC plans to consider whether global standards are achievableKen Tysiac, senior editor of the Journal of Accountancy, reported on February 3 that the US Securities and...
on 02/03/14
The Financial Accounting Standards Board (FASB) Accounting Standards Codification – recognized as the authoritative source of US Generally Accepted Accounting Principles (GAAP) for public and...

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