Tax Fraud Blotter: Reaping and sowing
Share and share alike; fleecing the flock; United they fall; and other highlights of recent tax cases.
Managers bet on SEC prioritizing tax-savvy funds
Optimism is building that a game-changing fund design that will help asset managers shrink clients’ tax bills will soon be approved by the SEC.
PCAOB offers help on quality control standard
New staff presentation videos aim to help firms implement the four components of QC 1000, ‘A Firm’s System of Quality Control.’
Massachusetts CPAs see clients moving for lower taxes
States including Florida, New Hampshire, Texas and South Carolina are the main ones attracting clients due to their tax-friendly policies.
UK online bill payments are going global
Paying your suppliers is a non-negotiable part of running any business. When it comes to maintaining a healthy cash flow, it’s just as important as getting paid. The visibility of what’s going out helps to complete an accurate financial picture for your business. Yet we know small businesses, accountants and bookkeepers face friction when it …
IRS Direct File reportedly ending next year
The Trump administration is reportedly making plans to shut down the Internal Revenue Service’s free tax prep system next year.
FAF reports on activity at FASB and GASB
The Financial Accounting Foundation released its annual report, offering an overview of its activities in 2024, and at the two standard-setters it oversees.
The basics of S corporations — and the pitfalls for small businesses
The structure has been delivering tax savings to advisory practices and other professional services firms for decades. But experts say sometimes it’s not the best fit.
Accounting class-action lawsuits rose slightly last year
The number of accounting-related securities class-action filings increased slightly in 2024, but were filed against smaller companies, according to a new report.
Managing a multigenerational team begins with understanding
Millennials and Gen Z are increasingly populating the accounting workplace, bringing different expectations, work styles and technological proficiencies.