Online career resource Vault.com released its 2022 Accounting 50 list, an annual ranking of the best accounting firms to work for based on accounting professionals’ feedback, with Big Four firm PricewaterhouseCoopers topping the list. Rankings were based on feedback from some 11,400 accounting professionals, who were asked to rate the
Democratic and Republican House members are forming a bipartisan group to push for a repeal of the $10,000 cap on state and local tax deductions, demonstrating a broadening campaign to restore a valuable tax break. “We are trying to build a diverse group of people,” said Representative Tom Suozzi, a
Bernard Madoff, the Manhattan investment adviser who promised stellar returns to his A-list clients and instead defrauded them of more than $19 billion in history’s largest Ponzi scheme, has died. He was 82. He died Wednesday, according to an emailed statement from Brandon Sample, Madoff’s attorney. No cause was given.
HR and payroll tech provider ADP has added several new tools to its DataCloud platform. The new ADP DEI Dashboard and Organizational Benchmarks Dashboard help analyze diversity in a workforce, and help better allocate staff resources. “ADP DataCloud gives our clients access to their people data and then uses data
As congressional lawmakers return from a two-week recess, the Business Roundtable is starting a multimillion-dollar campaign aimed at stopping tax increases proposed as part of President Joe Biden’s $2.25 trillion infrastructure plan. The group’s radio and digital advertisements, airing within the Washington D.C. market, will extol the benefits of the
Rep. Lloyd Smucker, R-Pennsylvania, has introduced legislation to delay the deadline for the first quarter’s estimated tax payment deadline until May 17 in line with a request from accounting and tax professional groups. Smucker has already gained support from many fellow lawmkaers, and recently led a letter, cosigned by 59
PricewaterhouseCoopers is encouraging its employees to use their vacation days by actually paying them additional money to do it, while also giving them salary increases and bonuses across the board. The firm announced base salary increases for employees Friday, along with an expanded bonus pool. The firm is also giving
Security experts are seeing a rise this tax season in phishing schemes and malware tied to hot-button subjects like tax refunds, stimulus payments and COVID-19 vaccines. The Internal Revenue Service recently warned about an ongoing IRS-impersonation scam that mainly targets educational institutions, including students and staff who have “.edu” email
Potluck; what a decade; nice work, Genius; and other highlights of recent tax cases. St. Louis: Preparer Tiffany McAllister, 44, has pleaded guilty to three counts of tax fraud. McAllister began operating a tax prep service in 2009 and continued the business through the 2019 tax year. During that time,
Employees who move to low-tax states to take advantage of telecommuting during the pandemic may still be taxed by their former residence, as more states levy taxes on cross-border business. High-tax states like New York and Massachusetts are doing tax audits to make sure that residents who relocate to low-tax
