Advisory

Credit and business analysis company FICO has announced a change to the well-known FICO Score, the most commonly-used measure of U.S. consumer credit risk. The new scoring system will be available beginning this summer.

The Internal Revenue Service seeks civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), a federal advisory committee that listens to taxpayers, identifies major taxpayer concerns, and makes recommendations for improving IRS services.

The Internal Revenue Service is opening the nomination and application process for membership on the Electronic Tax Administration Advisory Committee (ETAAC). The deadline for submitting applications is April 21, 2014.

Saving even one or two days can make a big difference for business chief financial officers who may be struggling with their company’s quarterly or monthly financial close process.

The results show that more than half of small businesses surveyed still use manual processes, such as a spreadsheet or pen and paper, to track finances. In addition, almost 40 percent of these businesses are spending multiple days on tax preparation.

Big 4 accounting firm PwC US has appointed Jessica Good, a 20-year veteran of the firm, as the Assurance leader for the firm's Carolinas market. In her new role, she will lead a practice comprising over 375 PwC professionals throughout North and South Carolina. Good succeeds Crawford Pounds who has been appointed as the Market Managing Partner (MMP) for PwC's Carolinas market.

A weekly roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.

It’s never too late to begin. The sooner you start contributing to your employer-sponsored retirement plan or IRA, the better your chances for building a significant savings cushion.