Taxes
Possible Data Breach at California DMV Could Expose Millions
The California Department of Motor Vehicles is reporting a possible data security breach in its credit card processing services but said it had not yet found evidence that its computer system had been hacked.
California Unemployment Drops on Job Gains
With the job market continuing to strengthen, unemployment fell to its lowest level in 51/2years in California last month. But for many government workers, who make up an oversized portion of Sacramento's economy, it still feels a lot like the economic recovery has barely begun.
Accounting Firm Celebrates 40th Anniversary
The accounting profession has seen revolutionary change since 1974. Yet, even as the professionals at WithumSmith+Brown, PC (WS+B), Certified Public Accountants and Consultants, are knee-deep in 1120s and 1040s for this year's tax season, they will carve out a little time to help celebrate the firm’s 40th anniversary on March 21.
The Biggest Tax Mistakes for Small Businesses
There are strategies that these business owners can take to help alleviate many of these tax time woes, and a big one is by staying in more frequent contact with their accountant. That's according to a new nationwide survey of accounting professionals.
Ex-Con Tax Preparers Put Clients at Risk
Fresh out of prison, two felons went to work for uncredentialed tax offices, using fraudulent deductions to create bigger tax refunds for clients.
N.Y. Town Clerk Accused of Embezzling $117K
New York state police, based on information developed by a state comptroller's audit, have arrested a former clerk/treasurer of the now-dissolved village of Altmar, Oswego County, and charged her with embezzling $117,615 in village funds.
UltraTax and AdvanceFlow Integration Gives Firms Cloud Tax & Audit Options
ax and accounting software developer Thomson Reuters has announced new integration between its UltraTax CS tax prep software and its AdvanceFlow cloud-based engagement management software.
8 Common 1031 Property Exchange Mistakes
A 1031 exchange is a swap of one business or investment asset for another without tax. Right? Sure, but there are very specific rules and conditions and if, like many investors, you make one of these common mistakes, you could be paying a significant penalty.