AccountantsWorld Daily News Over Half of IRS Staff Called Back for Tax Season
(Accounting Today) - The Treasury Department released a revised shutdown contingency plan on Tuesday calling for more than 46,000 Internal Revenue Service employees to return to work to get ready for tax filing season, but the majority of them will be unpaid until the partial government shutdown ends.
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Tax Court Grants Innocent Spouse Relief from Taxes on Embezzled Funds
(JofA) - The taxpayer's subsequent knowledge of the embezzlement prevents relief for a second tax year.
CPAs Acting as Interim CFOs How to Manage the Risk
(CPA Journal) - Imagine a hypothetical CPA, Franklin Connors, providing bookkeeping and tax services to an equally hypothetical fast-growing online retailer named Cats Eats, which sells gourmet pet food. One day the owner tells Franklin, âBusiness is booming! I want to hire a CFO, but I canât afford one yet! Can you help out?â
No More Hitting the Snooze Button on Revenue Recognition
(CPA Practice Advisor) - We realize youâre busy, but that doesnât mean you can keep hitting the snooze button on the Financial Accounting Standards Boardâs (FASB) accounting standards that will soon come into effect for everyone.
Businesses Fail to Apply Encryption Technology Effectively
(Computer Weekly) - Most businesses are not applying common encryption tools effectively to contain the fallout and costs of data breaches, research shows
Taxation
Over Half of IRS Staff Called Back for Tax Season Tax Court Grants Innocent Spouse Relief from Taxes on Embezzled Funds Accounting/Audit
CPAs Acting as Interim CFOs How to Manage the Risk No More Hitting the Snooze Button on Revenue Recognition Business News
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