Donald Trump singled out tax preparation firm H&R Block on Wednesday as the only likely detractor of his administration’s new tax plan, but his words were a shot across the bow of CPAs and accounting firms all across America. “H&R …
Back in July several federal agencies including the Department of Labor (DOL), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corp. jointly filed a proposed revision of Form 5500. Since then, the American Institute of CPAs (AICPA) has …
While it may seem hard to believe, nearly 2 million people who didn’t file their taxes for tax years 2012 and 2013 owed about $7.4 billion to the IRS as of May 2016. Fortunately for taxpayers, the IRS plants to …
Earlier this summer, employees in accounting positions at Wal-Mart began worrying that machines would soon replace them. And after months of waiting, their fears have been realized. According to the Wall Street Journal, in September Wal-Mart officially announced it plans …
While the average person might employ an accountant to help them balance their budget, understanding the role that accountants have to play in governments is an extremely complicated prospect. One need look no further than Detroit’s financial problems to understand …
When asked about the problems facing the accounting industry, a variety of leading executives interviewed by Accounting Today had one problem on their minds. “People, people, people,” said American Institute of CPA’s (AICPA) vice president Mark Koziel. Finding and retaining …
The Association of Chartered Certified Accountants (ACCA) penned a Partnership Agreement with Talent Corporation Malaysia Berhad (TalentCorp) on September 3rd, 2015. The ACCA is a London-based international association for professional accountants boasting 178,000 members and 445,00 students spanning 180 countries, …
For someone interested in becoming an accountant, healthy finances are obviously important. Someone interested in managing money for others is likely fairly capable of managing money for themselves. According to a recent study by Sageworks, a financial information company, accounting …
When many people picture successful businessmen, the image that comes to mind is not always a kind one. The cutthroat business world often lends itself to the stereotype of a profit minded hard line executive with a scrooge like focus …
President Obama recently proposed a change to the overtime rules that would raise the salary threshold from $23,660 per year to $50,500 per year. The threshold allows for employees who make less than $50,500 to receive overtime pay of time …