June 17, 2014
According to the complaint, Gingell embezzled $697,000 from the summer of 2010 to March 2011 by sending money by wire transfer to her bank account and making money orders payable to herself and others. One of the wire transfers paid the remaining $40,000 balance of her mortgage, according to the complaint. Gingell made 71 wire…
June 16, 2014
The Ohio Society of CPAs (OSCPA) has announced the candidates it is endorsing for the 2014 Ohio General Election races. On behalf of its 21,000 members, OSCPA has endorsed Justices Judith French and Sharon Kennedy for Ohio Supreme Court, and Dave Yost for re-election as Ohio’s state auditor.
June 15, 2014
Pennsylvanians pay inflated taxes because the state's public corruption rate is among the highest in the nation, says a new study based on data from the Justice Department.
June 13, 2014
When it comes to acquiring new technology, it’s difficult to stomach a hefty capital expense hit. This is especially true if you fear the technology you’re purchasing for your business may become obsolete in just a matter of years.
June 12, 2014
The School of Graduate and Professional Studies at New England College has but together an infographic that offers an easy go-to guide for businesses on what’s legal and what’s illegal when it comes to managing their business through the year and when preparing for their taxes.
June 12, 2014
In its latest report, the National Retail Federation has calculated that May retail sales remained mostly unchanged when seasonally adjusted month-to-month, yet they showed an increase of 3.0 percent unadjusted year-over-year. The data excludes automobiles, gas stations and restaurants.
June 12, 2014
Income from an S corporation, which flows through to its shareholders and is taxed at the individual level, is normally not subject to self-employment tax. Most S corporations, however, have shareholders performing substantial services for the corporation as officers and otherwise.
June 11, 2014
Private sector employment in the U.S. increased in all nine Census Bureau Divisions during May, according to the monthly ADP Regional Employment Report, which is produced by ADP, a provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics, Inc. The ADP Regional Employment Report measures monthly changes in regional non-farm private employment…
June 10, 2014
A group of payday loan companies being sued by the Federal Trade Commission is liable for deceiving borrowers, a judge has ruled.
June 10, 2014
Improved audit quality is a goal being pursued by the Public Company Accounting Oversight Board (PCAOB), and a non-partisan audit advocacy group is supporting its recent efforts.
June 10, 2014
The National Society of Accountants has announced that Internal Revenue Service Commissioner John Koskinen will deliver the keynote address at the organization's 69th Annual Meeting, which will be August 20-23, 2014 at the Hyatt Regency Inner Harbor in Baltimore, Maryland.
June 10, 2014
Thomson Reuters has launched its next generation online tax research system, Checkpoint Catalyst, which features multi-jurisdictional content, embedded tools and an enhanced search engine. Catalyst is built on the Checkpoint platform, and is designed to help tax professionals more quickly find research results.