Accounting
AICPA Submits Comments on Virtual Currency Question on Form 1040 and Instructions
The AICPA is requesting that the question can be clarified before the 2022 forms are finalized in order to provide greater certainty to taxpayers and their preparers and to ...
Florida Staffing Company Partner Sentenced to 24 Years for Payroll Tax, Immigration and Other Crimes
Found guilty of defrauding the IRS out of more than $25 million in income and Social Security and Medicare taxes that should have been collected and...
U.S., China Reach Preliminary Audit Review Deal to Avoid Delistings
SEC Chair Gary Gensler called the arrangement signed this morning “unprecedented.”
Xero Sponsors Scholarships to Promote Diversity in Accounting
Natalia Arriaga, an incoming junior at Winthrop University, received the Mary T. Washington Award at Xerocon New Orleans.
The Technology Lab Podcast – Review of Nett-Tracker – August 2022
Randy Johnston and Brian Tankersley, CPA.CITP, CGMA review Nett-Tracker, a tool to automate recurring journal entries and simplify financial reporting.
California to Ban Gas-Powered Cars by 2035
If approved, the regulations are expected to significantly reduce vehicle carbon dioxide emissions, as well as smog-forming nitrogen oxides over the next two decades. It could also lead the way in transforming America’s aging fleet of gasoline-powered automobiles.
IRS to Send $1.2 Billion in Penalty Relief Refunds in September 2022
The Internal Revenue Service will be sending out $1.2 billion in refunds in September to millions of American individuals and businesses, the agency has announced.
Is Your Firm Ripe for Accounting Automation?
Experts predict that the accounting profession is an industry that is likely to be impacted by automation. Recently, the McKinsey report found that many...