2015 News Archive
 

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GWSCPA News

What is Going On with Virginia Specifics CPE?

For many years, the Virginia Board of Accountancy(VBOA) has had a requirement that all VA CPA licensees comply with a mandatory annual 2 hour Virginia-Specific Ethics Course. That course’s content has historically been very prescriptive,...

IRS Has Trouble Identifying Resident Aliens Who Are Exempt from Social Security Taxes

The Internal Revenue Service cannot readily identify American citizens and resident aliens working in a foreign country, as well as resident aliens working in the United States, who may have improperly claimed exemption from U.S. Social Security...

IASB to propose temporary measures for insurance companies

The International Accounting Standards Board (IASB) will propose temporary measures to address concerns about issues insurance companies are facing with implementation of the new financial instruments standard. IFRS 9, Financial Instruments, was...

U.S. Signs Tax Pacts with U.K. and Australia

The U.S. government has signed “competent authority arrangements” with the United Kingdom and Australia to advance their intergovernmental agreements to combat tax evasion under the Foreign Account Tax Compliance Act, or FATCA. The...

IRS Testing New Program to Fight Tax Fraud

The Internal Revenue Service is testing a new Return Review Program to help identify instances of tax return fraud, but the security of the system needs improvement, according to a new government report. The report, publicly released Tuesday by...

New Inflation Estimates Give First Look at 2016 Tax Rates and Brackets

An early glimpse at the income tax picture for 2016 is now available from Wolters Kluwer Tax & Accounting US. The new information includes estimated ranges for each 2016 tax bracket as well as projections for a growing number of...

Moving from CFO to CEO: A Half Brainer

Want to be a CEO? Good luck. Among chief executives in the Forbes 2000, a listing of the world’s largest publicly held companies, only 13% are former finance chiefs. However hard you work, however successful you are as a CFO, however...

60% of Firms Will Raise Fees Next Year

Just under two thirds, or 60 percent, of accounting firms plan to raise some or all of their fees next year, according to a recent survey. A further 34 percent of the 280 Accounting Today readers from firms across the country surveyed this month...

Career training a key tool to lure accounting talent

It may not be enough anymore to offer talented finance and accounting job candidates positions with good pay, benefits, or even perks such as flexible hours. With talent in high demand, some employers are finding that it’s essential to...

No Thanks: How to Turn Away Potential Clients

You didn’t open a tax practice to show business the door, but you know from minute one that some potential clients won’t work out. How to send these questionable folks away politely yet effectively? “Sometimes you just get that...