The Internal Revenue Service released the IRS Criminal Investigation (CI) Annual Report for fiscal year 2013, reflecting significant increases in enforcement actions against tax criminals and a robust rise in convictions, including identity theft.
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News on Internal Revenue Conformity, Income Tax Revisions, HB 2263, the State Board Rules Package, and an update from the TPT Audit Subcommittee are included in this month’s legislative update
Be sure to familiarize yourself with the Accountancy Board’s revised rules. Among other changes, we will now be able to report CPE in half-hour increments after a full hour is taken. The rules packet also included a clarification on CPE records retention – registrants must maintain their CPE record for three years from the date that their registration was dated.
Three bills of impact to the CPA community passed their respective committees today. It was a great day at the Legislature for the Society! We will keep you updated as these three bills move through the legislative process.
One of the best ways to connect with your colleagues is through LinkedIn. Using LinkedIn should be a part of your professional practice and everyday life. For the most part, it offers a space to communicate and network with other professionals about business related topics. If you want to stay connected with your clients, referral sources, potential clients and colleagues with a limited amount of time investment, read this article by Richard D. Wagner.
CPAs are still receiving an increasing number of requests from lenders, mortgage brokers, health and life insurance providers, regulators and various other government and nongovernment agencies to confirm client information. What these businesses and entities are requesting are third-party verification letters, sometimes referred to as comfort letters. Here are several ways a CPA can respond to these requests. Read Article