Initiating a fee suit or using a collection agency can leave a CPA firm at risk of a counterclaim for negligence or a regulatory complaint. Before initiating a collection action, it makes good sense to consider whether the time and expense incurred to defend a counterclaim outweighs the benefit of any potential recovery.
Familiarity threats to independence may increase on an attest engagement when senior personnel have served for a long period on the engagement team. New Frequently Asked Questions issued by the AICPA Professional Ethics Division address these threats -- and discuss ways they can be eliminated or reduced.
Health care is a significant expense in retirement, with Fidelity Investments projecting that a couple who retired in 2017 can expect to pay $275,000 for care. However, nine steps can help people reduce their spending in this area.
The US Supreme Court held that to obtain a conviction for obstructing or impeding the administration of the Internal Revenue Code, the government was required to prove that the defendant knew of a pending tax-related proceeding or could reasonably foresee the commencement of such a proceeding.
The Internal Revenue Service has issued its annual list of top tax scams for this filing season, with brazen phishing and phone scams still prominent on the list. Although the IRS says it has made significant progress in fighting tax-return identity theft, the issue remains a concern.
Creating a strong employee-development program takes more than running a few training days or workshops. Here are 11 suggestions for making a development program successful.
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