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Latest News
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IRS Taxpayer Advocate Service Getting Squeezed
The IRS’s increased emphasis on enforcement, rising caseloads, the economy, and recent legislative changes are among the many challenges confronting the Taxpayer Advocate Service, according to a new report. Read more
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Treasury to Test Tax Refunds on Debit Cards
The Treasury Department said it would launch a new pilot program next tax season for people without bank accounts, directly depositing their tax refunds in special accounts that they will be able to access with debit cards. Read more
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Crocodile Dundee Snaps at Aussie Tax Officials
Crocodile Dundee star Paul Hogan lashed out at Australian tax authorities after he was barred from leaving the country until he settles a multimillion-dollar tax debt. Read more
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Fraud Examiners Draw Profile of Typical Fraudsters
The average fraud perpetrator has no prior fraud charges or convictions, is between the ages of 31 and 45, and is somewhat more likely to be male than female, according to new research by the Association of Certified Fraud Examiners. Read more
Departments
Today's Inside Views
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President’s Tax Reform Panel Report Has Déjà Vu Moments
It’s been five years since former Senator Connie Mack, then chairman of the President’s Advisory Panel on Federal Tax Reform, said the panel would “take a fresh look at the existing Tax Code and will formulate options for making the tax system simple, fair and productive.” Read more
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Dog day afternoon?
Does your energy wane in the late afternoon? Do you make a mad dash for coffee just to get an instant energy fix so you don’t nap at your desk? You’re not alone. According to a new Accountemps survey, the time period between 4 p.m. and 6 p.m. is the least productive time of day for employees. Read more
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Wiss & Company host first women’s golf classic
Livingston, N.J.-based Wiss & Company is gearing up for their first Wiss Women’s Leadership Golf Classic to raise money for the firm’s Wiss Philanthropic Foundation, which funds accounting scholarships as well as provides donations for various charitable organizations. Read more
Washington This Week
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Obama Tells GOP to ‘Drop the Blockade’ on Small Business Tax Cut Bill
President Barack Obama blasted Senate Republicans for obstructing his administration’s top legislative priority: a bill providing tax cuts and a $32 billion lending fund for small businesses to spur job growth. Read more
Industry Leaders – Q&A
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Leslie Seidman
FASB board member Leslie Seidman is about to become the acting chairman now that Robert Herz is planning to retire. She explains the board's recently proposed leasing standards and convergence plans. Read more
Special Reports
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Top 100 VARs
This comprehensive feature ranks the top resellers of accounting software in terms of revenue. See which companies have forged a presence in the VAR marketplace and the product lines they carry. A must-read for any tech-centric CPA firm.
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Editors' Picks
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Five strategies for organic growth
Despite challenging times, firms need to grow
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GAO Sorts the Homebuyer Tax Credit Stats
California, Nevada and Utah homeowners were apparently the biggest beneficiaries of the First-Time Homebuyer Credit, though the rankings differed depending on the three flavors of the tax credit enacted by Congress in the past few years. Let’s see how they stack up.
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Wealth Magnets: The 4th Annual Ranking of CPAs by AUM
Facing volatile markets and uncertain regulation, planners focus on clients
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