Accounting June 25, 2026
Report Suggests 40% of Workers Have Used AI to Make Fake Expense Receipts
The report found that employees are using AI tools to commit expense fraud, and they’re using AI tools paid for by their employer to do so.
August 6, 2017
Typical Home Value in U.S. Passes $200,000 For First Time
The typical U.S. home is worth over $200,000 for the first time ever, according to the latest Zillow Real Estate Market Reports. The national median home value is now $200,400, up about 7 and a half percent since this time last year.
August 6, 2017
How to Be More Creative at Work
There’s a misconception that our brains are like computer random access memory, able to pluck the best information on command or, in particular, when needed for generating new ideas.
August 6, 2017
FASB Proposes Improvements to Not-for-Profit Accounting for Grants and Contributions
The proposed ASU helps organizations decide if transactions should be accounted for as a contribution or an exchange. Organizations would accomplish this by using clarifying guidance to evaluate whether a resource provider is receiving value in ...
August 4, 2017
AICPA Honors Combat Veteran Accounting Student
The award, sponsored by the AICPA, is bestowed upon a student who has experienced extreme hardships and demonstrated an unusually high level of success despite that adversity. The award includes a $5,000 cash stipend.
August 4, 2017
New Tax Scam Targets Passwords of Tax Pros
These types of phishing scams are why the IRS, state tax agencies and the tax industry, acting as the Security Summit, launched the 10-week Don’t Take the Bait campaign currently underway. This awareness effort highlights the many tactics of ...
August 3, 2017
Record Retention ‘in the Cloud’ Doesn’t Have to Be Risky
CPA firms have been slow to move some core business functions to the cloud for a variety of reasons. Besides the cost of storage, new applications and training time, concern over client data security and document retention are top of mind.
August 3, 2017
Virtual IRS Appeals Coming Soon
The Internal Revenue Service Office of Appeals will soon pilot a new web-based virtual conference option for taxpayers and their representatives. This virtual face-to-face option will provide an additional option for taxpayer conferences.
August 3, 2017
Three Characteristics of Higher-Quality Single Audits
The single audit is a rigorous, organization-wide financial and compliance audit of an entity that expends $750,000 or more of federal assistance (e.g., awards, grants, loans and loan guarantees).
August 3, 2017
Sales Tax Amnesty Program Extends to 13 States
The Multistate Tax Commission ("MTC"), in conjunction with 13 member states, has announced the launch of a sales tax amnesty program aimed at helping online sellers to become compliant with sales tax nexus regulations.
August 3, 2017
Millennials Against $15 Minimum Wage by Slim Margin in Survey
3,175 millennials were asked the following question: “Do you think the minimum wage should be raised to $15 an hour?” The slight majority of millennials, 52 percent, stated that they do not believe the minimum wage should be hiked to $15 per hour.
August 3, 2017
AICPA Tells IRS to Withdraw Four Regulations
The American Institute of CPAs (AICPA) has submitted a letter to the Internal Revenue Service (IRS) recommending withdrawal of four of the eight regulations listed in the IRS’s notice identifying eight specific regulations for further review and ...
August 3, 2017
Firm Succession Expert Koltin Addresses AICPA Group
In the accounting profession, the biggest “ringing of the bell” is when we bring in a new client. In the financial services industry, their biggest “ringing of the bell” is when they “steal a star recruit” from a competitor. Maybe we readjust what’s ...