The New Controller Checklist

January 27, 2014 

The New Controller Checklist

Anyone who has been hired into the controller position for the first time may feel overwhelmed, since the job description involves an enormous range of responsibilities.

Bethany O'Hoyt

 AICPA Accepting Applications for Accounting Scholars Workshop

January 27, 2014 

AICPA Accepting Applications for Accounting Scholars Workshop

Applications for the AICPA's Accounting Scholars Leadership Workshop are now being accepted. Now in their 20th year, the Workshops are an annual invitational program for minority accounting students who plan to pursue the CPA designation.

 Deadline for Forms W-2 and 1099 is on Friday, Jan. 31

January 27, 2014 

Deadline for Forms W-2 and 1099 is on Friday, Jan. 31

Those who paid regular employees or used a contractor for more than $600 in work have until Jan. 31, 2014, to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients. For those who procrastinate, sorting through the various IRS reporting requirements at the last minute can make…

 H&R Block Stops Income Tax Ads on Dollar Bills After Complaints

January 27, 2014 

H&R Block Stops Income Tax Ads on Dollar Bills After Complaints

The tax preparation company has been handing out real dollars bearing its marketing message for this year's tax season. There's a toll-free phone number to call Block, a Web address and even a footnoted disclaimer that not everyone gets a tax refund.

 Rethinking The Social Media Strategy

January 24, 2014 

Rethinking The Social Media Strategy

It is popular among my learned accounting colleagues to portray the elders of the profession who have not signed on to the concept of a Social Media Strategy as some kinds of latter day Luddites.

Dave McClure

 IRS Modifies Automatic Consent Rule for Method of Accounting

January 24, 2014 

IRS Modifies Automatic Consent Rule for Method of Accounting

The Internal Revenue Service has announced the release of Revenue Procedure 2014-16, which modifies the procedures for obtaining the automatic consent of the Commissioner for certain changes in methods of accounting for amounts paid to acquire, produce, or improve tangible property.

 Some Restaurants Dropping Automatic Tips For Large Groups

January 23, 2014 

Some Restaurants Dropping Automatic Tips For Large Groups

Like most other restaurants in Maine, DiMillo's On the Water in Portland says it will no longer charge automatic gratuities for most large groups now that a change in the federal income tax code has closed a long-standing loophole.