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Trump appeals contempt ruling dinging him with $10K daily fine

Former President Donald Trump appealed a New York judge’s ruling holding him in contempt of court and imposing a $10,000 daily fine for failing to comply with a subpoena in a civil fraud investigation. The challenge, filed Wednesday in Manhattan, seeks reversal of an April 25 finding that Trump violated

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How fintech is disrupting tax

Software alone has not been able to give tax accountants what we need. It costs a lot to develop, industry adoption is traditionally low and, technically speaking, it’s just really hard to get a good grasp on changing tax laws. But that’s all changing now!  A shift is happening in

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Crypto clarification: New proposals for gov’t regulation

March was a busy month for crypto clarification, with both the Organization for Economic Cooperation and Development and the Biden administration issuing plans for guidance.  The OECD released a public consultation document outlining a proposed global tax transparency framework for crypto assets. The proposal would require crypto exchanges to share

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Recruiting and retention in 2022

Long before the rest of the economy faced the Great Resignation, the accounting profession found itself in a massive war for talent, struggling to find and keep staff. In this webinar, a panel of experts share best practices for firms looking to attract and retain the best and brightest. Areas

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Pizza accountant to pay $2M for insider trading

A former accountant at pizza giant Domino’s Pizza Inc. has agreed to pay almost $2 million to settle allegations of insider trading from the Securities and Exchange Commission. The SEC alleges that from 2015 to 2020, Bernard L. Compton traded ahead of a dozen of Domino’s earnings announcements based on

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Kindness in leadership: How to become an effective leader

Kindness isn’t always seen as a valuable trait in leadership; in fact, it’s often seen as a weakness. But the organizations that thrive create a culture of open feedback, mentoring, and empowerment. Kindness and great leadership complement each other beyond just the relationship you have with your team. Studies show

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CPAmerica to launch new learning platform

CPAmerica, an accounting education consortium, announced expanded CPE and online learning offerings through a new learning management platform developed in cooperation with continuing professional education company Prolaera. The new learning management system will give access not only to a large library of CPE content in one central location, but it

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Pricing tells a story

I recently attended a friend’s 40th birthday party at a high-end resort in Mexico. While it was a great experience, my wife and I both sensed something was missing. The trip would have been fine if we had stayed at a “normal” hotel. But, based on the ultra-premium price the

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Data errors keeping manual processes alive

While much is said about the power of big data, it’s useless if one cannot trust the accuracy of the underlying information itself. Lack of confidence that what their computers tell them reflects reality has led businesses to retain certain manual processes despite the toll it takes on time and

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UWorld Roger CPA opens Spring 2022 scholarship program

CPA Exam review course UWorld Roger CPA Review announced that it is accepting applications for its Spring 2022 scholarship program. Ten CPA candidates will be chosen, receiving the company’s Elite-Unlimited CPA Exam Review Course, valued at over $3,000, for free. Scholarship recipients are chosen based on factors including merit, community

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