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Properly classifying workers remains a major problem (Accounting Today) - Worker misclassification is a perennial issue for the Internal Revenue Service and state taxing authorities due to the perception that many employers are not properly classifying their workers. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES How to comply with the new AICPA ethics standards for M&A (Journal of Accountancy) - As the nationâs Baby Boomers retire, practice discontinuances and sales of all or part of CPA firms are on the rise. The rise in firm discontinuances and sales brings with it a host of practitioner concerns regarding independence, confidentiality, and the transfer of client files. Accounting and Tax Firms Top List of Most Profitable Industries (CPA Practice Advisor) - Sageworks, a financial information company and the leader in the financial analysis of privately held companies, today announced the most profitable industries over the past 12 months. IRS To Pilot Online Tax Appeals Conferences (Forbes) - esolving your tax issues with the Internal Revenue Service (IRS) just got a little bit easier - assuming you have an internet connection. The IRS has announced that the Office of Appeals will pilot a new "web-based virtual conference option" for taxpayers and their representatives. Is Your Home Really a Good Investment? (US News) - With the financial crisis nearly 10 years past, most investors are done with licking their wounds. The stock market has long since recovered and has set record after record. The economy is generally sound, unemployment is down and inflation modest. Accounting/Audit Business News | TOP 5 MOST READ
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