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   NEWS: ACCOUNTING TODAY
Accounting Today
Oct 19, 2018

People on the move: Auburn honors former Machen McChesney MP
BlackLine hires first chief people officer; Katz, Sapper & Miller appoints eight directors; and other recent hires, promotions and personnel news from firms across the country.

Accounting Today
Oct 19, 2018

Recognize achievement as often as possible
Prize money is nice, but public recognition is often valued just as much.

Accounting Today
Oct 19, 2018

Tax Fraud Blotter: A scam by any other name
Speedy time; embezzling from the dead; thousands in gold coins; and other highlights of recent tax cases.

Accounting Today
Oct 18, 2018

Some companies take advantage of hedge accounting changes early
The Financial Accounting Standards Board's new hedge accounting standard is prompting some companies to adopt the standard ahead of the Jan 1, 2019 effective date, though many companies are still not using hedge accounting at all.

Accounting Today
Oct 18, 2018

Vena Solutions reinstates founder as CEO
The FP&A software provider has its sights set on the billion-dollar examples of Adaptive Insights and Anaplan.

Accounting Today
Oct 18, 2018

IRS revises backup withholding guide for new tax law
The document reflects the reduced 24 percent withholding rate in the Tax Cuts and Jobs Act.

Accounting Today
Oct 18, 2018

Enter the 'FlexGen'
Jody Padar on how all generations need to embrace new skills, change, and helping clients with their goals.

Accounting Today
Oct 18, 2018

Getting visitors to your website to take the next step
Behavioral retargeting may help increase conversions among potential clients.

Accounting Today
Oct 18, 2018

IRS offers guidance on claiming premium tax credit after new tax law
The Internal Revenue Service issued a notice Thursday providing interim guidance to clarify how the suspension of the personal exemption deduction in the Tax Cuts and Jobs Act will affect some of the rules under the Affordable Care Act for claiming the premium tax credit for health insurance.

Accounting Today
Oct 18, 2018

Santander joins list of banks in German tax-dodge crackdown
Banco Santander SA became the latest addition to a long list of banks targeted by German prosecutors over controversial tax-driven transactions known as "Cum-Ex" that may have cost the German state about 10 billion euros ($11.5 billion).

Accounting Today
Oct 18, 2018

States could feel conservative tax pinch even if blue wave wins
Florida Governor Rick Scott, who boasts of cutting taxes dozens of times, has a chance to secure his legacy for years to come — even if Democrats manage to sweep his party completely out of power.

Accounting Today
Oct 18, 2018

Paul Allen's $26B estate will take years to unravel
The billionaire had no spouse or children to divide his empire. But there are many others with interests at stake.

Accounting Today
Oct 18, 2018

Encourage upward feedback and input
Letting staff influence the direction of the firm is a major engagement booster.

Accounting Today
Oct 17, 2018

SEC and IRS provide relief for Hurricane Michael victims
The Securities and Exchange Commission and the Internal Revenue Service are offering regulatory relief and assistance for victims of Hurricane Michael, as well as extending tax-filing deadlines and making it easier to provide low-income housing for people affected by the devastating storm.

Accounting Today
Oct 17, 2018

Former PCAOB and KPMG exec pleads guilty in inspection scheme
The official received confidential lists of which audit clients the PCAOB planned to inspect and gave the information to KPMG employees to improve the firm's performance on inspections.

Accounting Today
Oct 17, 2018

Illinois CPA Society names 2018 'Women to Watch'
The state society recognized three female leaders making strides in their work and communities.

Accounting Today
Oct 17, 2018

New Yorkers pay 30% more in U.S. taxes than national average
New York taxpayers sent about $24 billion more to the U.S. government last year than the state got back in federal spending.

Accounting Today
Oct 17, 2018

Is it time to manage your receivables like a real business?
It never ceases to amaze me how lax many small and midsized CPA firms are when it comes to managing their work-in-process and accounts receivable and optimizing their cash flows.

Accounting Today
Oct 17, 2018

Moss Adams merges in BPW&C
Moss Adams has expanded in the Albuquerque area by adding BPW&C, a New Mexico-based accounting firm, effective Nov. 21, 2018.

Accounting Today
Oct 17, 2018

SAP's cloud-based enterprise AI platform leads the market
GlobalData research places the enterprise software company at the top, alongside IBM and ahead of Amazon, Google and Microsoft.

Accounting Today
Oct 17, 2018

Tech fluency leads profession's needs
The AICPA and NASBA agree: Accounting grads need to be fluent in technology to be an attractive new hire.

Accounting Today
Oct 17, 2018

Capitalize on client buying cycles
Identify the windows of opportunity within each purchasing cycle.

Accounting Today
Oct 17, 2018

AICPA announces 2018 John L. Carey Scholarship winners
The American Institute of CPAs' annual award is given to non-traditional accounting students pursuing CPA licensure.

Accounting Today
Oct 17, 2018

Double-down on work-life balance
The Best Firms take their commitment to flexibility very seriously.

Accounting Today
Oct 17, 2018

In the blogs: The rights stuff
Social Security bump; what accountants do; no IRS taxpayer rights training; and other highlights from our favorite tax bloggers.

Accounting Today
Oct 17, 2018

The Neat Company ups its machine learning game
The expense management and bookkeeping automation company can now classify receipts, invoices and bills of lading.

Accounting Today
Oct 16, 2018

AICPA weighs IRS rules on qualified business income
The American Institute of CPAs presented testimony Tuesday during a hearing conducted by the Treasury Department and the Internal Revenue Service about the proposed regulations for implementing the qualified business income rules under the Tax Cuts and Jobs Act.

Accounting Today
Oct 16, 2018

Companies still find it difficult to comply with revenue recognition changes
The underlying challenges are becoming more apparent in comment letters from the Securities and Exchange Commission.

Accounting Today
Oct 16, 2018

Deloitte Canada fined $350,000 for independence problems
The firm relied on technical reports done by an affiliate during three consecutive audits of a Canadian gold-mining company.

Accounting Today
Oct 16, 2018

SEC recommends considering cyber threats to accounting controls
A commission report warning publicly traded companies they should consider cyber threats when they implement internal controls.

Accounting Today
Oct 16, 2018

Is there a future for tax refund checks?
An all-electronic vision, security concerns, and other highlights from the latest IRS National Public Liaison meeting.

Accounting Today
Oct 16, 2018

Red teaming
Creating your perfect competitor makes you a better, more focused firm.

Accounting Today
Oct 16, 2018

SEC recommends companies consider cyber threats to accounting controls
The Securities and Exchange Commission released a report Tuesday warning publicly traded companies they should consider cyber threats when they implement internal controls.

Accounting Today
Oct 16, 2018

Recruitment and retention of your business developers
What's more important to your firm: someone who can do the work or someone who can sell the work?

Accounting Today
Oct 16, 2018

Look to their retirement
Helping employees prepare for their life after work will keep them on board until then.

Accounting Today
Oct 15, 2018

Nvoicepay builds payment technology for accounting systems
Nvoicepay has been building a payment system that can work with accounting and enterprise resource planning technology to automate bill payments.

Accounting Today
Oct 15, 2018

PwC partners with OneStream on corporate performance management
The Big Four firm will make OneStream's software available to its clients, while offering services to OneStream customers.

Accounting Today
Oct 15, 2018

Grant Thornton UK CEO to depart amid Patisserie flap
Sacha Romanovitch will not stand for re-election for a second term and will step down after a successor is appointed before the end of this year.

Accounting Today
Oct 15, 2018

Grant Thornton UK CEO Sacha Romanovitch to depart amid Patisserie flap
Grant Thornton UK LLP said Monday its CEO, Sacha Romanovitch, will not stand for re-election for a second term and will step down after a successor is appointed before the end of this year, as the firm weathers an accounting scandal at one of its clients, the bakery shop chain Patisserie Holdings.

Accounting Today
Oct 15, 2018

Art of Accounting: Giving a speech and getting feedback
Public speaking is a serious responsibility and must be approached that way.

Accounting Today
Oct 15, 2018

IRS extends deadlines for victims of Michael
Taxpayers now have until Feb. 28 to file a number of returns and make certain payments.

Accounting Today
Oct 15, 2018

Patisserie accounting woes bring chairman's warning to life
Luke Johnson should have read his own aide-memoire. A month after the Patisserie Holdings Plc chairman published an advice column on spotting fraud, his finance chief has been arrested in an accounting scandal that threatened to shut the cake baker's 200-plus stores.

Accounting Today
Oct 15, 2018

Top 3% of U.S. taxpayers paid majority of income taxes in 2016
Individual income taxes are the federal government's single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

Accounting Today
Oct 15, 2018

Top-spending GOP group says little of Trump tax law in campaign
The issue hasn't been the political boon party leaders hoped it would be.

Accounting Today
Oct 15, 2018

Trump tax law fails to kill off corporate America's prized dodge
U.S. corporations have largely abandoned the contentious deals that allowed them to shift their addresses abroad for a lower tax rate. Yet a key part of the transactions is continuing quietly even after President Donald Trump's tax overhaul.

Accounting Today
Oct 15, 2018

SSF founder Steve San Filippo dies
He founded one of Northern California's leading accounting firms in his home in 1977.

Accounting Today
Oct 15, 2018

AICPA names 2018 'Leadership Academy' graduates
Forty-one up-and-coming professionals graduated from the American Institute of CPAs' 10th annual training and education program in Durham, N.C.

Accounting Today
Oct 15, 2018

Accountants Confidence Index — October 2018
The ACI rebounded this month from a decline in the previous month.

Accounting Today
Oct 15, 2018

Invest in people as people
Beyond technical training, top firms help staff improve themselves.

Accounting Today
Oct 15, 2018

Technology and future generations of accountants
The IMA's Jeff Thomson discusses generational issues in accounting and how they're learning to use advanced technologies

Accounting Today
Oct 12, 2018

SEC suspends former BDO auditors for ‘predating' work papers
The Securities and Exchange Commission suspended three former accountants from BDO USA LLP for improperly backdating the work papers of Amtrust Financial Services, a publicly traded insurance company, during a 2013 audit.

Accounting Today
Oct 12, 2018

Groups plan global sustainability push at World Congress of Accountants
The Prince of Wales' Accounting for Sustainability project and the International Integrated Reporting Council intend to promote sustainability reporting and integrated reporting at the World Congress of Accountants that's set to take place in Sydney, Australia in early November.

Accounting Today
Oct 12, 2018

Create 'One Firm'
Make sure staff know there's life outside their department.

Accounting Today
Oct 12, 2018

PwC partners with Cred to build trust in cryptocurrency
The firm will lend its expertise in governance, security, risk management and controls to Cred's understanding of the movement of digital currency.

Accounting Today
Oct 12, 2018

PwC partners with Cred to build public trust in cryptocurrency
The firm will lend its expertise in governance, security, risk management and controls to Cred's understanding of the movement of digital currency.

Accounting Today
Oct 12, 2018

Firms giving back: EY holds 2018 'Connect Day'
The Oregon Society of CPAs also held its annual Day of Service, and UHY Advisors adopted a rescue dog for its Michigan offices.

Accounting Today
Oct 12, 2018

Firms on the move: Deloitte wins Audit Innovation of the Year
AICPA announces award and scholarship recipients; Vrakas opens second office; and more news from CPA offices across the country.

Accounting Today
Oct 12, 2018

People on the move: RSM appoints blockchain leader
Elliott Davis names COO; Selden Fox installs president; and other recent hires, promotions and personnel news from firms across the country.

Accounting Today
Oct 12, 2018

Increase revenue and deepen client bonds thanks to tax reform
Whether you're at a Big Four firm, a regional firm or a sole practitioner, you have the potential to be a rainmaker.

Accounting Today
Oct 12, 2018

Illinois CPA Society seeks minority students for intern program
The state society will once again host 25 students for its all-expenses paid Mary T. Washington Wylie internship program this coming January.

Accounting Today
Oct 12, 2018

Patisserie scandal probed by fraud office after CFO's arrest
Patisserie Holdings Plc finance chief Chris Marsh was arrested as U.K. fraud prosecutors opened a probe into an accounting scandal that threatens to shutter the cake baker's 200-plus stores.

Accounting Today
Oct 12, 2018

Baldwin CPAs merges in Lindemeyer CPA
The is extending its footprint in the Louisville, Kentucky, area.

Accounting Today
Oct 12, 2018

Tax Fraud Blotter: Checks in the mail
Preparer for illegal aliens pleads; wheat tricks; Ace goes down; and other highlights of recent tax cases.

Accounting Today
Oct 11, 2018

Social Security to provide 2.8% COLA for 2019
More than 67 million people will receive larger benefits next year, thanks to the inflation rate.

Accounting Today
Oct 11, 2018

Study questions accounting numbers highlighted in earnings releases
Press releases that tout a company's earnings in the headline should be looked at more skeptically, according to a new academic study.

Accounting Today
Oct 11, 2018

Social Security to provide 2.8% COLA increase for 2019
More than 67 million people will be receiving larger benefits next year, thanks to the inflation rate.

Accounting Today
Oct 11, 2018

We're stuck in the loophole cycle
Have you discovered the latest and greatest tax planning strategy? Before suggesting it to clients, consider the ever-persistent loophole cycle.

Accounting Today
Oct 11, 2018

Everlance now integrates with Xero and FreshBooks
The mileage and expense tracking app has also reached the 500,000 user milestone.

Accounting Today
Oct 11, 2018

Is California's clawback provision a sign of future tax policy in other states?
When contemplating a 1031 exchange, one of the most commonly overlooked issues by investors is state taxation.

Accounting Today
Oct 11, 2018

Embrace technology
Staff want to work with tools that are at least as good as the ones they have at home.

Accounting Today
Oct 11, 2018

Tesco CEO knew things were bad. They were about to get worse from accounting scandal
Testifying at the accounting fraud trial of two former executives, the U.K. retailer's chief talked of his genuine shock when he was first shown a report that described howthe company had overstated income by 246 million pounds ($326 million).

Accounting Today
Oct 11, 2018

Tax break seen helping Trump isn't as sweet thanks to IRS rules
The tax law gave a last-minute windfall to commercial property owners such as President Donald Trump. But regulations proposed by the Internal Revenue Service could diminish the benefit.

Accounting Today
Oct 11, 2018

AICPA names 2018 Effective Learning Strategies Awards winners
The American Institute of CPAs recognized collegiate accounting educators across the country for their innovation in the classroom.

Accounting Today
Oct 11, 2018

Over half of executives willing to pay for professional development
A poll of finance and accounting executives revealed that most firms are willing to provide tuition reimbursement to hires without college degrees for certain positions.

Accounting Today
Oct 11, 2018

ACCA and IMA see economic confidence plummeting in Q3
Global economic confidence among accountants declined sharply in the third quarter, reaching ots lowest level since early 2016, according to a survey released Thursday by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

Accounting Today
Oct 10, 2018

Former Marks Paneth partner arrested for fraud
Steven Henning, a former partner in charge of advisory services at Marks Paneth LLP, was arrested and charged with wire fraud for allegedly defrauding investors out of $2 million by claiming to have entered into multimillion-dollar intellectual property deals.

Accounting Today
Oct 10, 2018

From accountant to true advisor
Amy Vetter shares her journey from CPA to "cherished advisor."

Accounting Today
Oct 10, 2018

CECL and IFRS 9: How are they different?
Financial institutions around the world are revising how they estimate credit losses, but institutions subject to the International Accounting Standards Board's standards have gotten a head start on those that will follow the U.S. Financial Accounting Standards Board's current expected credit loss model, or CECL.

Accounting Today
Oct 10, 2018

Payroll and the New Back Office
Helping clients with payroll has led some pioneering firms to realize that they need help with a host of other back-office functions, from HR and onboarding to benefits administration. This report looks at how firms are exploring these new services, and the tools and strategies available to them.

Accounting Today
Oct 10, 2018

Steinhoff ex-CEO advised friends to sell stock before collapse
Text message recipients were told there was impending, unspecified bad news coming before the accounting scandal unfolded.

Accounting Today
Oct 10, 2018

Saltmarsh merges in Banc Compliance Group
The Regional Leader has added a Franklin, Tennessee-based consulting firm that specializes in servicing financial institutions.

Accounting Today
Oct 10, 2018

Build new leaders
Grooming staff for top positions is a hallmark of the best firms.

Accounting Today
Oct 10, 2018

Case study: Acuity maintains client collaboration through bill pay
Cash flow management is a priority service for the hundreds of firms in the U.S. serving small to midsized business as clients.

Accounting Today
Oct 10, 2018

EY eyes over 15,000 new hires in 2019
The Big Four firm is ramping up recruiting efforts in the coming year, with a special focus on diverse candidates and tech skills.

Accounting Today
Oct 10, 2018

Winning new business: How to market yourself as an expert
Developing new business is tough enough for professional services firms, but when those services happen to be accounting, things can get even tougher.

Accounting Today
Oct 10, 2018

Tesla resolves tax dispute with Nevada after state goes to court
Authorities tried to collect an allegedly unpaid $655,000 unemployment tax bill, but car maker said it's a clerical error.

Accounting Today
Oct 10, 2018

Baer tax ‘whistleblower' cleared by top court in data-theft case
A former Julius Baer banker who leaked documents from a Cayman Islands subsidiary was cleared of breaking Swiss banking secrecy by Switzerland's top court, creating possible problems for how the Alpine nation's banks manage their foreign units.

Accounting Today
Oct 10, 2018

Samsung family's $4B tax strategy dragged into spotlight
Ordinary families might stash spare cash under a mattress or in a safety deposit box. South Korea's Lee family are so rich they spent years leaving billions of dollars under the names of their employees.

Accounting Today
Oct 10, 2018

Patisserie chain suspends CFO amid accounting probe, tax demand
U.K. cake baker Patisserie Holdings Plc suspended its chief financial officer after uncovering "significant, and potentially fraudulent, accounting irregularities" and a demand for more than a million pounds in back taxes.

Accounting Today
Oct 10, 2018

In the blogs: Magic wands
Firms' winter policies; SALT county by county; new forms and a potentially delayed season; and other highlights from our favorite tax bloggers.

Accounting Today
Oct 09, 2018

KKR begins $1.24B bid for MYOB
The investment firm wants to buy the Australian accounting software provider to pad its Asia-Pacific tech portfolio.

Accounting Today
Oct 09, 2018

AICPA prods IRS to change rules for centralized partnership audit regime
The American Institute of CPAs testified Tuesday at an Internal Revenue Service hearing about the problems the AICPA is anticipating from the IRS and Treasury Department's proposed rules for auditing large partnerships.

Accounting Today
Oct 09, 2018

KKR & Co begins $1.24B bid for MYOB
The investment firm wants to buy the Australian accounting software provider to pad its Asia-Pacific tech portfolio.

Accounting Today
Oct 09, 2018

IRS overlooks billions in tax noncompliance for tips
The Internal Revenue Service generally is not enforcing the tip agreements it has in place with some businesses, according to a new report.

Accounting Today
Oct 09, 2018

PwC eyes blockchain opportunities and risks
PricewaterhouseCoopers is developing blockchain technology to help clients validate transactions as they deal with possible risks.

Accounting Today
Oct 09, 2018

Eide Bailly merges in King, Tripp & Henry
The Top 100 Firm is expanding in Phoenix with its latest M&A deal.

Accounting Today
Oct 09, 2018

Why your firm should be on YouTube
If you thought YouTube only featured videos of cute babies and stupid pet tricks, think again.

Accounting Today
Oct 09, 2018

Find new ways to support staff
Pet insurance, serving employees like clients and other ways to stand out.

Accounting Today
Oct 09, 2018

Honkamp Krueger acquires Short & Co.
The Top 100 Firm is expanding in the Des Moines area.

Accounting Today
Oct 09, 2018

Positioning your accounting firm for M&A success
Numerous issues could prove challenging and even put deals at risk.

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