E-help with CP notices; low-cost compliance; still learning from Eisenhower; and other highlights from our favorite tax bloggers. Everything everywhere Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): You Like Me! You Really Like Me! Dept.: The big Oscar winner this year actually involves a tax audit. Sovos (https://sovos.com/blog/?region=united-states): Nobody wants any kind
To have reported growth during the COVID pandemic was surprising; to have reported double-digit growth is nothing short of astonishing — and yet that’s precisely what the largest firms in accounting did last year. The firms in Accounting Today’s 2023 Top 100 Firms roster of the largest practices in the
Randy Crabtree, CPA, the co-founder of Tri-Merit Specialty Tax Professionals and host of “The Unique CPA” podcast spotlights the mental health issues facing the accounting profession. Transcription: Dan Hood (00:03): Welcome to On the Air with Accounting Today, I’m editor in chief Dan Hood. There are times, like tax season
Machine learning algorithms are nothing new to QuickBooks, which has been leveraging them more and more over the last few years as part of its drive toward greater automation. However Michael Hitchcock, director of product management of accounting and tax at Intuit’s QuickBooks, thinks they can do so much more.
Ernst & Young is pausing its plans to spin off the consulting side of the global network as a separate publicly traded company as it works to appease warring partner factions. EY US chair and managing partner Julie Boland reportedly told her fellow partners during a call Wednesday that the
Over-dependency; from one cell to another; the wrong kind of thinking green; and other highlights of recent tax cases. Boise, Idaho: Tax preparer Andres Sanchez, 33, has been found guilty of willfully aiding and assisting in the preparation and filing of six fraudulent returns for clients. The jury, which was
The Public Company Accounting Oversight Board issued an advisory Wednesday warning investors to exercise caution when it comes to the so-called “proof of reserve” reports that some cryptocurrency companies have been touting. The warning comes after a number of auditing firms have already stopped providing this limited form of assurance
The changing CPA exam; evils of voicemail; CHIPS may fall; and other highlights from our favorite tax bloggers. Open FBAR Virginia – US Tax Talk (https://us-tax.org/about-this-us-tax-blog/): How in “the taxpayer-friendly case” Aroeste v. United States, “sure to be appealed by “the undoubtedly furious IRS,” the court determined that FBAR filing is not
Praxity Global Alliance, an association of independent accounting, tax and advisory firms, reported record revenues for 2022 of $8.77 billion Monday, an 11.7% increase over 2021 at constant exchange rates. The total represents the combined incomes of Praxity’s member firms in more than 120 countries. The alliance reported that its
The Internal Revenue Service is cautioning taxpayers to beware of a new scam involving the Form W-2, in which fraudsters are urging people to use wage information on a tax return to claim false credits so they can score a big tax refund. One scheme that’s been circulating on social