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Ignoring 83% Of Payroll Tax Mismatches, IRS Leaves $7 Billion Uncollected...Until Now (Forbes) - The IRS is well-known for information matching. Take IRS Form 1099. It is common knowledge that if you fail to account for income reported on a Form 1099-MISC, you will receive an IRS notice asking why, or even proposing a tax bill. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES The Everchanging World of Accounting (BNA Bloomberg) - Recently, I participated in a survey, along with my younger colleagues, asking three questions regarding the future of the accounting profession. I am a dinosaur in our profession having passed the CPA exam in 1986. How to Spot and Avoid Common Errors In Business Valuations (CPA Practice Advisor) - Whether itâs an error in the valuation of Snapchat parent Snap or an error in the valuation of a mom-and-pop restaurant up for sale, a mistake in valuing a business can be costly â to both the owners and the valuation professionals. US Personal Income Unchanged in June vs 0.3% Increase Expected (CNBC) - U.S. consumer spending barely rose in June as personal income failed to increase for the first time in seven months amid a decline in dividend payments, pointing to a moderate pace of consumption growth in the third quarter. 29 Hidden Chrome Features That Will Make Your Life Easier (PC Mag) - All the important internet things are available in browser formâfrom communication tools to productivity suites to disposable escapist entertainment. It's almost like the browser has become an OS in and of itself. Accounting/Audit | TOP 5 MOST READ
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