Having the right tools can help to bring safety and security to your firm and give you peace of mind, if utilized wisely. Safety and security come in many forms. At times, we feel like we police these policies at the tax and accounting level, and we have to. It’s
We’ve seen tremendous changes in the accounting industry over the past ten years. We’ve moved from desktop to cloud-based accounting software. We’ve ditched hourly billing and adopted fixed-fee or value pricing. We’ve listened to the experts and have started offering advisory services in addition to compliance work. Some of us
The secret to maximizing the takeaways from any professional education event is to have a plan of action when you return home, especially if you are planning to go on summer break. Here’s my plan for taking all of the connections, education, and opportunities I gained at the conferences I
Court documents show the potential conflicts of interest when accounting firms simultaneously help clients avoid taxes and audit their finances.
Under prior law, an individual could deduct the unreimbursed cost of clothing or uniforms used for business that weren’t suitable for everyday wear. In a new case, Romana, TC Summary Opinion 2022-9, 6/16/22, the Tax Court allowed a nurse to deduct the cost and upkeep of scrub-like clothing that she
The S.E.C. is reportedly reviewing conflicts of interest at top accounting firms.
Just joining us? Part one discussed court decisions on whether expenses qualified as “ordinary and necessary” under IRS Code 162. More on such disputes in part two. Weddings, funerals and bar mitzvahs. The IRS and the courts agree that weddings, funerals and other family events are more personal than business
If a week is a long time in politics, six months covering accounting technology might reasonably be considered an “age.” It’s been half a year since my return to AccountingWEB UK, and such has been the pace of change that articles from January seem tinged with nostalgia, and occasionally regret
During a time period that is tax free, registered retailers selling affected goods must abide by the terms of a sales tax holiday whether selling through a brick-and-mortar store, online — or the metaverse. International advisory and accounting firm Prager Metis describes the metaverse as “a centrally located, virtual marketplace
The Securities and Exchange Commission and other federal agencies have been keeping watch as the capital markets go through a period of volatility amid rising inflation and interest rates, looking for telltale signs of financial fraud. During the Association of Certified Fraud Examiners’ global fraud conference last month, ACFE president
