Happy employees are the foundation of a positive work culture, which helps create an atmosphere that fosters staff loyalty, success and productivity. Happy employees have increased job satisfaction leading to improved communication, teamwork and work-life balance. Learning to cultivate a positive work culture may seem challenging, but practicing a positive,
Riviera rip-off; questionable deductions; fled the country; and other highlights of recent tax cases. Montgomery, Alabama: Tax preparer Lashunda Deann Crittenden has pleaded guilty to aiding and assisting in the preparation of false income tax returns. Crittenden operated a prep service where she prepared federal income tax returns for others.
Deloitte & Touche announced a strategic alliance with audit technology provider AuditBoard in conjunction with AuditBoard’s user conference this week in Los Angeles. The alliance combines AuditBoard’s cloud-based audit, risk and compliance software with Deloitte’s Sarbanes-Oxley and internal controls advisory services to provide risk management, SOX compliance, internal audit and
Democrats are vowing to crack down on tax cheats by giving banks new requirements to disclose to the IRS accounts that have total annual inflows or withdrawals of at least $10,000. The plan would help fund President Joe Biden’s multitrillion-dollar economic agenda, potentially raising $700 billion and reducing the need
Democratic Senator Joe Manchin said there’s little chance that Congress can complete work on President Joe Biden’s economic agenda by the end of the month deadline set by his party’s leaders. “There is an awful lot to go. I don’t know how that would happen,” Manchin, whose vote is pivotal
International tax reforms, along with supply chain transformations spurred by the COVID-19 pandemic, are contributing to an unprecedented level of uncertainty about transfer pricing among business leaders, according to a new survey by Ernst & Young. The 2021 EY International Tax and Transfer Pricing survey polled 979 transfer pricing professionals
The Internal Revenue Service’s Office of Chief Counsel is spelling out new requirements for information from companies submitting claims for research credit tax refunds to prove they’re valid. In a recent Chief Counsel memorandum, the agency said it wants more detailed information about all the business components for which the
The Social Security Administration said Wednesday that Social Security and Supplemental Security Income benefits will go up 5.9% next year, affecting approximately 70 million Americans. The 5.9% cost-of-living adjustment, or COLA, will start with benefits payable to more than 64 million Social Security beneficiaries in January. Later in the year,
How to network; testing cyber defense; Pandora the explorer; and other highlights from our favorite tax bloggers. Attack and conquer Strategic Advisor (https://strategicadvisor.liveplan.com/): Being an accountant or a CPA also requires learning how to sell yourself and your firm’s services. Larger firms typically have someone responsible for marketing and business
This column converts an excellent article by John P. Napolitano, chairman and CEO of U.S. Wealth Management, into a checklist that could be used to advise clients. John’s column was about preparing clients for their exit from their business. I liked what he wrote and am presenting a summary here
