Leaked files from a Panama law firm that creates shell companies show that politicians, criminals and celebrities worldwide have used banks and shadow companies to hide their finances, according to a series of reports by the International Consortium of Investigative Journalists.       Home  |  Subscribe       Daily Edition   Apr 05, 2016       Top Stories   World Leaders Hid Wealth via Shell Companies, Report Alleges by JEFFREY D GROCOTT AND SYLVIA WIER   Leaked files from a Panama law firm that creates shell companies show that politicians, criminals and celebrities worldwide have used banks and shadow companies to hide their finances, according to a series of reports by the International Consortium of Investigative Journalists. READ MORE »   AICPA Plans Revamped CPA Exam by SEAN MCCABE AND MICHAEL COHN   The American Institute of CPAs said Monday that the next version of the Uniform CPA Examination will launch on April 1, 2017. READ MORE »       America's 83 Million Millennials Get Some Weird Tax Prep Pitches by POLLY MOSENDZ   The tax prep industry is stepping up its efforts to reach America's 83 million millennials. READ MORE »     SPONSOR CONTENT Priming the Pump: Preparing Clients for Services Beyond Tax Prep   Tax season provides a great opportunity to not only manage your clients' tax return, but to leverage those returns to gain powerful insight into their financial lives—insight that could prove valuable if you are considering offering clients additional financial services beyond tax prep. READ ON TO LEARN MORE. »     Art of Accounting: The CEO Didn't Know Numbers by EDWARD MENDLOWITZ   One time I had a client who became his company’s CEO. At one meeting I asked him how he spent his days and how he managed the transition to CEO. READ MORE »   Tax Fraud Blotter: MIA Culpa by JEFF STIMPSON   A roundup of our favorite recent tax fraud cases. READ MORE »       Treasury Takes Further Action to Limit Tax Inversions by MICHAEL COHN   The Treasury Department issued temporary regulations to curb corporate tax inversions while continuing to call on Congress to pass legislation to limit the ability of companies to merge with foreign partners to avoid taxes. READ MORE »   IRS Fancies Iggy Azalea with a $391,056 Tax Lien by MICHAEL COHN   The Internal Revenue Service has filed a $391,056.55 tax lien against singer Iggy Azalea for unpaid taxes from 2014, the year she had the chart-topping hit “Fancy.” READ MORE »   30% of Companies Experience Supply Chain Fraud by MICHAEL COHN   Thirty percent of companies reported experiencing some form of fraud in their supply chain, according to a new poll. READ MORE »   FATCA Deadlines Coming Up by MICHAEL COHN   Banks that deal with international tax reporting are facing a slew of upcoming deadlines and regulations. READ MORE »   Crowe Horwath Launches Financial Accelerator for Dynamics AX by DANIELLE LEE   Crowe Horwath introduced a new Crowe Financial Accelerator for Microsoft Dynamics AX to manage centralized and decentralized operational and financial functions within the ERP system. READ MORE »   Montana State University professors receive NASBA grant for CPA Exam pass-rate research by SEAN MCCABE   Nathan Jeppson and Mary Burns, accounting faculty at Montana State University's Jake Jabs College of Business and Entrepreneurship, have received a $6,500 grant from the National Association of State Boards of Accountancy (NASBA) to further their research related to pass rates for individuals taking the CPA Exam, MSU... READ MORE »   Mixing the Personal and the Professional   Gary Shamis of BDO and consultant Jay Nisberg discuss how the personal element dovetails with the firm's business in strategic planning, along with their book "Stratagem." READ MORE »   IRS Relief for Storm Victims in Gulf Coast by JEFF STIMPSON   The IRS is offering taxpayer relief to victims of recent bad weather in three states. READ MORE »   Trump Finds Common Ground with Cruz in Opposition to Carbon Tax by JENNIFER A. DLOUHY   Donald Trump and Ted Cruz oppose a carbon tax, putting them in league with the Republican National Committee on the issue but at odds with some oil companies and economists who view a levy on those heat-trapping emissions as an effective way to combat climate change. READ MORE »   New Sage President Talks Strategy, Improving Partnerships by DANIELLE LEE   Sage appointed Marc Scheipe president of Sage North America in February, making his interim regional president role permanent and helping perpetuate the company’s “customer for life” strategy. READ MORE »           Slideshows   Taxpayers Speak!   A WalletHub survey reveals what your clients really think about taxes and more READ MORE »   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. READ MORE »   SEE ALL SLIDESHOWS »         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. READ MORE »   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. READ MORE »   MORE IN WHITE PAPERS »       Web Seminars   Online accounting: The next frontier   Cloud-based solutions are doing more than just automating bookkeeping