September 2014

September 9, 2014

IRS explains power-of-attorney requirements for corporate taxpayers

On Tuesday, the IRS’s Office of Professional Responsibility (OPR) issued a bulletin clarifying when corporate officers or employees must have a valid power of attorney in order to represent the company before the IRS (OPR Bulletin 2014-12). The bulletin also discusses how the existence of a power of attorney may

September 8, 2014

CPA practitioners sue to stop PTIN fees

Two CPAs have filed suit in the U.S. district court for the District of Columbia, asking the court to stop the IRS from charging fees for issuing preparer tax identification numbers (PTINs), to obtain refunds of fees paid in the past, and to enjoin the IRS from asking for more

September 4, 2014

U.S. accountants’ optimism returns to pre-recession levels

Not since 2007 have U.S. accountants in industry felt as optimistic about the future of their companies and the state of the domestic economy as they do now. While concerns about regulatory requirements linger, and some companies remain hesitant to deploy cash or hire, those potential obstacles can’t stem the

September 2, 2014

AICPA seeks comment on next format of CPA exam

The AICPA is inviting public comment as it shapes the next version of the Uniform CPA Examination, to ensure that it continues to reflect the skills that newly licensed CPAs need to protect the public interest. An Invitation to Comment, issued Tuesday, is the first document available for public comment

September 1, 2014

Worry-free payroll

Find out what top payroll vendors have to say about the latest trends and issues in payroll! This special focus report provides information on: – The changing landscape of payroll and payroll-related applications – Technology hurdles – How payroll companies work with CPA firms And more! Click here to access

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.