Is Maryland’s digital service tax innovative or insane?

The state’s proposal to tax digital ads has sailed right past controversial to land in the realm of is this really happening?

Is Maryland’s digital service tax innovative or insane?


AAA announces 2020 Accounting Hall of Fame inductees

The American Accounting Association will honor five “thought leaders from a breadth of practice and educational backgrounds” at the organization’s annual meeting in Atlanta this August.

AAA announces 2020 Accounting Hall of Fame inductees


IRS sees spike in data breaches for tax pros this year

The Internal Revenue Service urged tax professionals and taxpayers to use the free, multi-factor authentication feature offered on tax prep software, as nearly two dozen firms reported data thefts so far.

IRS sees spike in data breaches for tax pros this year


Accounting firms are putting themselves and their clients at risk

Failure to disclose a lack of independence or a conflict of interest can open the door for potential liability and litigation for both the accounting firm and its clients.

Accounting firms are putting themselves and their clients at risk


Tax-prep analyst sees more free filers hampering revenue growth

Tax-preparation software companies face headwinds for the revenue they get from each tax return this year due to the combined effect of a rising mix of free filings and lower need for services that assist do-it-yourself filers, according to Morgan Stanley.

Tax-prep analyst sees more free filers hampering revenue growth


Tax refunds down almost 5% as U.S. filing season gets underway

The number of tax refunds issued so far this tax season is down almost 5 percent compared to last year, an indication that many Americans didn’t withhold enough from their paychecks and could face bills from the IRS.

Tax refunds down almost 5% as U.S. filing season gets underway


Zuckerberg backs digital tax that could boost Facebook’s bill

Mark Zuckerberg for the first time said he supports efforts to create a global digital tax that would ultimately raise the amount Facebook Inc. pays to foreign countries, in a move that may boost efforts to put a new levy in effect by year-end.

Zuckerberg backs digital tax that could boost Facebook’s bill


People on the move: Plante Moran appoints new CMO

EisnerAmper names three to newly created vice chair roles; Holthouse Carlin & Van Trigt adds nine partners; and more personnel news.

People on the move: Plante Moran appoints new CMO


Firms on the move: BKD establishes private client services group

Massachusetts Society of CPAs, AICPA team up for “Bridging the Gap” diversity and inclusion series; NJCPA opens nominations for Ovation Awards; and more CPA news.

Firms on the move: BKD establishes private client services group


White House proposes folding PCAOB into SEC by 2022

The White House’s latest budget blueprint proposes consolidating the functions and responsibilities of the Public Company Accounting Oversight Board into the Securities and Exchange Commission starting in 2022.

White House proposes folding PCAOB into SEC by 2022