Accounting

The changes this pandemic has wrought don’t appear to be temporary, as we once imagined. It’s no longer a question of waiting this thing out and returning to yesteryear. That’s why I’m advising my clients to re-evaluate their growth strategies. Ambitious firms need to lean into the new reality and reconfigure their approaches. I understand
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KANSAS The Kansas Society of CPAs Educational Foundation announced the 2020 KSCPA scholarship recipients: Clayton Burrows, from the University of Kansas, won the $3,000 Byron Bird Graduate Scholarship; Myriah Webster, McPherson College, received the $2,500 John J. Killian Scholarship; and Mary LaBelle, Kansas State University, won the $2,500 Mary Ellen Kirkpatrick Leadership Scholarship. Every year,
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Woodard Events announced that its signature Scaling New Heights conference will be held in Fort Worth, Texas, in 2021, on June 20-23. The theme of the 2021 event — whose 2020 edition wrapped up earlier this month in Orlando, Florida — will be “Unstoppable.” “Though the challenges facing accountants may seem daunting, they are not
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Changes for the year; partnerships’ reporting; building your brand; and other highlights from our favorite tax bloggers. Blunt truths Taxable Talk (http://www.taxabletalk.com/): Sometimes the IRS processing time “ain’t pretty” — though to be fair this tale does start with a return sent certified mail taking nearly a month to get from Las Vegas to Ogden,
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The IRS Office of the Chief Procurement Officer has partnered with Data and Analytic Solutions of Fairfax, Virginia, and with academic researchers to use data analysis to improve IRS procurement operations. The team will consist of procurement practitioners as well as university professors and students with procurement and experience in machine learning, a form of
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The Association of Chartered Certified Accountants has named Mark Millar, the former head of a hospice in the United Kingdom, as its new president. Mark Millar, from Suffolk, England, was appointed as the leader of the international accounting organization at the ACCA’s Annual General Meeting, which was held entirely online for the first time ever
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Wirecard AG’s former chief executive officer appeared in public for the first time since his July detention in connection with the collapse of the electronic payment company, but lawmakers hoping for insights from the disgraced manager were left disappointed. After winding his way through a throng of waiting journalists into the hearing chamber in Berlin,
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Drug money; Phoenix descending; stepping down; and other highlights of recent tax cases. Las Vegas, New Mexico: Preparer Carlos Perea, 44, has pleaded guilty to two counts of aiding and abetting the preparation of false income tax returns. Perea owned and operated Perea Fast Tax, where he prepared income tax returns for clients and filed
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The Internal Revenue Service is planning to ramp up audits of smaller businesses and their investors by about 50 percent next year, following years of persistently low examination rates, an agency official said Tuesday. The result could be a surge in audits of companies ranging from mom-and-pop retail stores and technology startups to investment funds
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The novel coronavirus pandemic is throwing a monkey wrench into plans for the Internal Revenue Service to reorganize itself to provide better taxpayer service, as mandated by the Taxpayer First Act that Congress passed last year. A new report released Wednesday by the Government Accountability Office found that so far the IRS’s planning has only
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Bill.com, maker of the popular AP and AR app, has released a new product for wealth management and accounting firms supporting high-net-worth clients. The offering for wealth management firms adds two features to BIll.com’s standard automated platform: automated bill payments, and multiple flexible and rapid payment options. Bill.com auto-enters invoice details for review, and bills
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The Governmental Accounting Standards Board has released an exposure draft of proposed implementation guidance on a number of topics, including leases and fiduciary activities. The Implementation Guidance Update, which takes the form of questions and answers, also proposes amendments to some previously issued implementation guidance. When GASB propose new or updated guidance, it’s based on:
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