The tax and compliance issues around household employees are complex and confusing — and are likely to trip your clients up, says Care.com HomePay’s Tom Breedlove.

Accounting firm owners and partners who did not get their own tax returns in on time face losing their licenses, being expelled from their professional societies, losing their livelihoods and possibly being imprisoned.

The New Jersey Society of CPAs’ Launchpad, free for local college and grad students, will debut on Dec. 9, 2019.

The Internal Revenue Service is expanding its efforts to ensure businesses and individuals are paying their taxes, particularly payroll taxes, with in-person visits planned by revenue officers to more parts of the country, starting recently in Wisconsin and later this month Texas and Arkansas.

The Financial Accounting Standards Board officially delayed the effective dates of its accounting standards for leases, credit losses, hedging and long-duration insurance contracts by issuing a pair of accounting standards updates.

AFWA celebrates Member of the Year and President’s Award winner at Women Who Count luncheon; KSCPA announces new board and executive committee members; and more CPA news.

Friedman appoints leader of estate and trust group; KPMG Foundation president announces retirement; and more personnel news.

Women comprised 24 percent of S&P 500 company directors in 2018, but the U.S. still trails a number of Western countries in female representation.

Xero reports it has invested heavily in the past year to expand its small business products beyond its core accounting services to help small businesses manage staff, operate, and scale.

New features include a dashboard, which today has become indispensable for accounting software products.