Mortgaged to the hilt; pocketing the difference; prison schmison; and other highlights of recent tax cases. Pemberton, New Jersey: Mortgage underwriter John Barry Jr. has been sentenced to 12 years in prison for helping others file false returns claiming large refunds from the IRS, for obstructing the IRS’s efforts to
Financial and ERG reporting platform developer Workiva has acquired AuditNet, a global provider of audit content and services. Terms of the deal were not disclosed. AuditNet’s online portal gives more than 160,000 internal audit practitioners around the world access to content, resources, audit program tools and template. “Digital communities like
Grant Thornton elects new members of its partnership board; Virginia names its Women to Watch; a large number of firms get named to AM Best’s list of the top audit and actuarial firms in the insurance space; Armanino’s new Accelerated Path to Partner program; and other firm and personnel news
The Internal Revenue Service announced Wednesday that it will start sending out information letters to recipients of the advance Child Tax Credit and of the third round of Economic Impact Payments that were made in January. Taxpayers will be required to reconcile any advanced CTC received and the payments with
The best marketing strategies start with human behavior. After all, if you don’t understand your potential clients, no amount of content creation, ad spend or social media engagement will lead to growth. To really connect with people, you need to understand what they want and what drives them to respond
Fees for tax planning and advisory services average as much as five times those for tax preparation, according to a recent survey of practitioners. The study from Intuit Accountants, Tax Planning and Advisory Insights Survey, found that the average annual fee for tax planning and advisory services was $2,351, versus
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Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders, and we’re looking for more top-notch accounting firms to include. The two prestigious lists rank the top firms by revenue — both nationwide and in specific regions of the country —
Emmanuel Faber was appointed chair of the International Sustainability Standards Board by the IFRS Foundation, effective Jan. 1, 2022. His appointment follows the announcement made at the 2021 United Nations Climate Change Conference (COP26) in November of the creation of the ISSB as a consolidation of the Climate Disclosure Standards
President Joe Biden acknowledged that his $2 trillion economic proposal likely would not clear Congress this year, meaning that 2021 ends without a major accomplishment on social and climate policy. The president, in a statement released Thursday evening, expressed confidence that the measure would eventually pass and urged patience as