The recipe for the Farhat Accounting Lecture YouTube channel is simple: A PowerPoint deck, a professional voice, and some red notes highlighting the most complicated concepts. The videos cover a broad range of topics from auditing and income taxes to nonprofit accounting, but what the channel is most famous for
The Internal Revenue Service mistakenly posted information from approximately 120,000 individuals on its website before discovering the error on Aug. 26 and taking it down. The information came from the Form 990-T, the business tax returns filed by tax-exempt organizations. “The IRS recently discovered that some machine-readable (XML) Form 990-T
The economy gained 315,000 jobs last month, the U.S. Bureau of Labor Statistics reported Friday, although the unemployment rate inched up two-tenths of a point to 3.7%. One of the big winners was professional and business services, which gained 68,000 jobs in August, including 1,700 in accounting and bookkeeping services.
Two-buck chuck; easement does it; mismanagement; and other highlights of recent tax cases. Swampscott, Massachusetts: Tax preparer Boris Shadari, 46, has been sentenced to 30 months in prison and two years of supervised release in connection with a scheme to inflate federal refunds and divert a portion to accounts that
The Institute of Management Accountants has engaged the search firm Korn Ferry to help it identify its next leader with its president and CEO Jeff Thomson set to retire early next year. The IMA announced Monday that Thomson, who has been leading the organization since 2008, will be stepping down
