The American Institute of CPAs is crying foul over an ad by H&R Block suggesting that many CPAs don’t know how to prepare tax returns, but Block is promising to increase its competition with CPAs.
 
 
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Mar 18, 2016
 
 
 
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AICPA and H&R Block Feud Over Ad Campaign
by MICHAEL COHN
 
The American Institute of CPAs is crying foul over an ad by H&R Block suggesting that many CPAs don’t know how to prepare tax returns, but Block is promising to increase its competition with CPAs.
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AICPA Works on Combating Tax Refund Fraud
by ROGER RUSSELL
 
With a 400 percent surge in reported phone and email phishing and malware schemes this tax season, the American Institute of CPAs is working with Congress, the Internal Revenue Service and its members to combat tax-related identity theft and tax return fraud.
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Treasury Launches Counteroffensive against IRS Phone Scammers
by MICHAEL COHN
 
The Treasury Inspector General for Tax Administration is pursuing fraudsters posing as IRS agents who call to harass taxpayers about fictitious tax debts, calling them back to warn them about their criminal activity and getting the phone company to shut them down.
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FASB Streamlines Move to Equity Method of Accounting
by MICHAEL COHN
 
The Financial Accounting Standards Board has issued an accounting standards update making it easier for companies to transition to the equity method of accounting.
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More CFOs collaborating with CIOs in last three years, survey finds
by SEAN MCCABE
 
In a new survey from Robert Half Management Resources and Robert Half Technology, 51 percent of CFOs claimed that they are presently collaborating more with their company's CIOs than three years ago. A scant 7 percent of respondents said they work with CIOs less often.
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SAP Expands Its Reach with Merger Activity
by MICHAEL COHN
 
Business software giant SAP has been going beyond its traditional enterprise resource planning specialty to expand into areas such as supply chain management, travel and expense management, and the Internet of Things.
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Whitley Penn pledges monthly support to Texas food bank
by SEAN MCCABE
 
Texas firm Whitley Penn recently announced their monthly support to the Tarrant Area Food Bank during 2016 by providing volunteers to assist with sorting, inspecting and boxing food for Children’s Feeding Programs.
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What Tax Directors Think
 
What Tax Directors Think
by ROGER RUSSELL
 
Although a recent ABC News/Washington Post Poll found just 6 percent of voters who lean Republican and 4 percent of those who lean Democrat rank taxes as the most important issue impacting their vote, one in five public company tax directors feel differently.
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House Panel Advances Bill Restricting Child Tax Credit
by MICHAEL COHN
 
The House Ways and Means Committee passed a package of three bills Wednesday designed to save money for the federal government, including one that requires taxpayers claiming the Child Tax Credit to provide a Social Security number for the child to prevent undocumented immigrants from qualifying.
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Toshiba Said to Face U.S. Probe over Westinghouse Accounting
by TOM SCHOENBERG AND MATT ROBINSON
 
Toshiba Corp. is under investigation by the U.S. over allegations that it hid $1.3 billion in losses at its nuclear power operations, according to two people familiar with the matter. Shares plunged in Tokyo.
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Winning the Talent War: Hiring
 
Winning the Talent War: Hiring
 
Aldor Delp of ADP discusses how accounting firms can attract the best talent at a competitive time in the labor market, in an interview with Dan Hood of Accounting Today.
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Anti-Retaliation Measures Could Backfire for Whistleblowers
by MICHAEL COHN
 
Audit firm policies designed to protect whistleblowers against retaliation for reporting wrongdoing could backfire and make potential tipsters even more fearful of the possible consequences, according to a new academic study.
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Sage Updates Sage Live
by DANIELLE LEE
 
Sage announced improvements to cloud accounting software Sage Live, including new automation engines and simplified management features.
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Taxpayers OK with Lying to the IRS
by MICHAEL COHN
 
Nearly a quarter of Americans think it’s acceptable to lie to the Internal Revenue Service about under-the-table income.
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In the Blogs: Whistleblower While You Work
by JEFF STIMPSON
 
Highlights of some of our favorite tax-related blogs from the past week.
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Top 10 Form W-2, 1099 and 1095 Myths vs. Realities
 
Greatland Corporation has compiled a list of misconceptions when it comes to tax-reporting requirements. Failing to understand the real truth behind these myths can cost a business extra money to file again or, even worse, to pay steep fines if reporting is not done in compliance with regulations.
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The Fastest-Growing Firms in the U.S.
 
The firms with the highest 2015 revenue growth from our Top 100 Firms/Regional Leaders list
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White Papers
 
Addressing the Indirect Tax Challenges Facing Communication Providers
 
Addressing the Indirect Tax Challenges Facing Communications Providers, an Aberdeen Group white paper brought to you by Avalara, outlines key obstacles communications service providers face in tax management.
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Seizing the Opportunity: How Accountants Can Move Beyond the Challenges to Offer Financial Planning
 
Accountants are often their clients' most trusted advisors, and they possess highly specialized financial skills.
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Helping business clients thrive with fiscal analytics
 
Businesses generate financial statements, but have difficulty extracting actionable data from those reports.
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The secrets of the top 100 firms
 
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