General MAP News

May 07, 2012 IRS to ID Theft Victims: Pay Now While We Pay Later
- The IRS
is more than willing to make taxpayers wait for refunds — sometimes as
long as 18 months — when identity thieves file fake tax returns in
victims' names.
May 01, 2012 From CGMA Magazine: Executives Turn Data Into Internal Insight
- Prolonged
economic sluggishness—which has limited organic growth and stymied
mergers and acquisitions the world over—has given many companies
something they didn’t have when things were busier: time, and reason, to
think...
May 01, 2012 Gaining (from) Your Clients' Trust
- For
decades, CPAs in public practice have laid a foundation of trust with
clients by competently handling confidential financial data and
performing core services such as tax preparation. Today,
forward-thinking CPAs are building on that...
April 19, 2012 Are Your Employees Committing Fraud?
- Internal
fraud is a huge risk to companies. Experts estimate that on average it
costs companies 3% to 5% of revenue each year. Especially when profit
margins are thin, internal fraud can literally put some companies out of
business.
April 17, 2012 Lawmakers Consider Changing Tax Breaks On Retirement Savings
- The painful trade-offs of tax reform came into sharper focus Tuesday as lawmakers for the first time began considering specific tax breaks to reduce or otherwise change, starting with laws that allow millions of Americans to avoid taxes while...
April 15, 2012 Family Business Sales Can be Emotional
- Between 80 and 90 percent of all U.S. companies are family businesses, according to the Family Business Review. Over the course of the next decade, more than 40 percent of those companies’ top executives will retire, making family business...
April 01, 2012 Side Effects Of Cost Segregation
- Increased current cash flows and net-present-value savings from accelerated tax depreciation resulting from cost-segregation studies have been discussed in the JofA and other professional literature. But the initial cost-segregation decision can...
September 20, 2011 Guidance Issued On Tax Treatment Of Business Cell Phones
- The
IRS issued a notice on Wednesday providing guidance on the tax
treatment of employer-provided cell phones now that they have been
removed from the definition of listed property ( Notice 2011-72 ). The notice discusses the treatment of...
August 30, 2011 McGladrey & Pullen, LLP Signs Letter Of Intent to Acquire RSM McGladrey, Inc.
- McGladrey & Pullen, LLP Signs Letter Of Intent to Acquire RSM McGladrey, Inc.
August 15, 2011 Don't Hire a Telemarketer When You Need a Sales Professional
- How many of your clients hire controllers when they really need a CFO? While it may be less expensive, the pitfalls are plentiful: increased risk, inadequate financial reporting, and most likely, greater burden on your staff. It’s no...
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