Taxes August 10, 2022
Most Americans: ‘I’ve Got 99 Problems, But an IRS Audit Ain’t One’
A new poll found that a majority of voters (76%) weren’t worried about the prospect of being audited by the IRS.
August 10, 2022
Owner of New York Accounting Business Charged in PPP Fraud Scheme
If convicted of the bank fraud charge, Eric O’Neil of Bethel, CT, faces a maximum penalty of 30 years in prison.
Advisory August 5, 2022
Is Artificial Intelligence Becoming a Tool for Financial Advisors?
AI is making financial advisors more efficient and more connected with clients. But some challenges persist.
August 2, 2022
California CPA Pleads Guilty in PPP Loan Fraud Scheme
If convicted of wire fraud charge, 73-year-old Bernard Turk faces a maximum jail sentence of 20 years.
Taxes August 1, 2022
IRS Admits Mistakes Have Been Made with Some Balance Due Notices
Taxpayers who received a CP14 notice but already paid the tax they owed do not need to respond to the notice, IRS said.
Accounting July 28, 2022
PCAOB ‘Up to the Task’ of Updating Standards, Tougher Enforcement
SEC Chair Gary Gensler called out the PCAOB yesterday for being too slow to modernize old auditing standards.
Accounting July 27, 2022
Twenty Years After SOX Was Signed Into Law, SEC Chief Says ‘Who Audits the Auditors’ Still Matters
Gary Gensler said updating outdated auditing standards and strengthening auditor independence rules are still works in progress.
Accounting July 27, 2022
Big Four Firms Are Among the Most Popular Employers For College Grads
The Big Four rank just behind Amazon in an analysis of companies that have hired the most college graduates since 2019.
Accounting July 26, 2022
BDO USA Sees Revenue Jump Nearly 25% in Fiscal Year 2022
BDO is the sixth largest public accounting firm in the U.S. in terms of revenue, behind the Big Four and RSM US.
Accounting July 25, 2022
FASB Set to Issue New Rules on Supply Chain Finance Programs Later This Year
The new standard is expected to provide more transparency about these arrangements on corporate balance sheets.
Accounting July 22, 2022
Accounting Profession Has One of the Lowest Turnover Rates in the U.S.
Accounting had the third-lowest average turnover rate (9.4%) from July 2021 to June 2022 out of the 13 job functions LinkedIn analyzed.
Accounting July 21, 2022
News Flash: Accountants Feel Burned Out
Nearly all (99%) of the 204 accountants who participated in a recent survey are experiencing burnout.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
