News

Pennsylvania Offers 2017 Tax Amnesty Program
 

Pennsylvania Offers 2017 Tax Amnesty Program

Posted: January 19, 2017
From April 21 through June 19, the Pennsylvania Department of Revenue will offer tax amnesty to taxpayers who owe past-due taxes. During this 60-day period, all penalties and half of the interest owed by those who apply and pay delinquent taxes will be waived.

National Taxpayer Advocate Delivers Annual Report to Congress
 

National Taxpayer Advocate Delivers Annual Report to Congress

Posted: January 11, 2017
National Taxpayer Advocate Nina E. Olson recommends that the IRS revamp its “Future State” plan to adopt a taxpayer-centric focus and urges Congress to emphasize simplification when it considers tax reform later this year.

FASB Issues Guidance Clarifying the Definition of a Business
 

FASB Issues Guidance Clarifying the Definition of a Business

Posted: January 6, 2017
The Financial Accounting Standards Board has issued an Accounting Standards Update that clarifies the definition of a business. The ASU affects all companies and other reporting organizations that must determine whether they have acquired or sold a business.






IRS Warns Taxpayers of Numerous Tax Scams Nationwide
 

IRS Warns Taxpayers of Numerous Tax Scams Nationwide

Posted: December 8, 2016
As tax season approaches, the Internal Revenue Service, the states and the tax industry reminded taxpayers to be on the lookout for an array of evolving tax scams related to identity theft and refund fraud.

Survey Reveals Firms Are Showing Solid Financial Gains
 

Survey Reveals Firms Are Showing Solid Financial Gains

Posted: December 2, 2016
The 2016 National Management of an Accounting Practice Survey reveals that firms from every revenue band are showing solid financial and business gains. Areas of focus for respondents include diversifying services, incorporating a greater mix of billing protocols and exploring diverse strategies for growth.