Latest Articles

April 15, 2014 

Thursday, Apr. 24, 2014 — 2:00 pm EST Many firms that invested time and money into operational improvements before tax season have still faced difficulties maintaining profitability. Complicating factors like inefficient back-end processes, fee pressure, legislative delays and competition from consumer tax prep software have sent firms in search of new ways to sustain and...…

April 15, 2014 

According to recent surveys by the American Institute of CPAs, there has been a noteworthy increase in the number of traditional minority members and partners at U.S. public accounting firms. According to a new study by accounting association BKR International, however, that change has been slow.

Isaac M. O'Bannon

April 15, 2014 

It's the day after, and for some American taxpayers, there may be a lingering question... What can they do if they missed yesterday's April 15 deadline to file their income tax return and also didn't file an extension.

April 15, 2014 

By law, the IRS can assess penalties to taxpayers for failing to file a tax return and for failing to pay taxes. But the failure-to-file penalty is generally higher than the failure-to-pay penalty.

April 15, 2014 

But with income tax refund identity theft rapidly becoming a scourge, is the less than 300 cases for 2014 keeping up or even putting a dent in the epidemic? After all, in 2013 alone, there were 33,000 claims of identity theft just in Florida, one of the hardest hit states because of the abundance of…

Isaac M. O'Bannon

April 15, 2014 

When it comes to investing in employees, CohnReznick LLP knows a thing or two. The accounting, tax and advisory firm was recently named one of the Best Places to Work for Career Development by Crain’s Chicago Business. CohnReznick’s Chicago office was ranked third among the honorees in the career development category.

Taija Sparkman

April 14, 2014 

When it comes to dining, the top priority of business travelers is "affordable convenience," which equates to fast food. But when they have the time for something a little more substantial, they still trend toward casual restaurants.

Isaac M. O'Bannon

April 14, 2014 

The American Institute of Certified Public Accountants has announced its support for the bill, and the group's president and CEO, Barry C. Melancon, CPA, CGMA, issued a response commending them.

April 14, 2014 

April 15 is a day away and for the millions of American taxpayers who expect or have already filed and received a refund there's some surprising news. More than two thirds have decided to save their refund.

April 14, 2014 

In a move that will let accounting and tax professionals in Maryland have faster access to real-time sales and use tax information, cloud-based tax automation vendor Avalara has formed a strategic alliance with the Maryland Association of CPAs, a professional membership-based organization comprised of over 9,000 CPAs.

Isaac M. O'Bannon

April 14, 2014 

Truth is the metro-sexual bunch in charge of the Windows operating system at Microsoft have not listened one whit to the users who have been screaming at them for the past two years. So here is my simple message to them:

Dave McClure

April 14, 2014 

Russia has invaded the Ukraine; North Korea is firing on the South; Iran is about to develop nuclear weapons; terrorism is on the rise again; and the single most important thing to be afraid of is…

Dave McClure