A Captive Insurance Subsidiary for 2012? The Time May Be Right.

by Kelley Owen 31. January 2012 10:12
  One of the biggest reasons is because existing premiums have increased to very high levels.  Any profession with errors and omission insurance, product liability exposure and/or cyber risk have seen large increases I premiums.  Many companies have considered a captive but have yet ... [More]
Categories: Tax

The Tax Gap - are you the 86%?

by Rocco Romano 27. January 2012 10:35
Every 5 years the IRS releases updated Tax Gap estimates, and it has just published the findings for 2006, the most recent year for which figures were analyzed. The Tax Gap statistic measures compliance by comparing total tax liabilities to total tax receipts (including with enforcement collections ... [More]
Categories: Tax

New and Improved! PCAOB AU 380

by Ken Urish 23. January 2012 14:39
As a prison boss famously said to Paul Newman's character in Cool Hand Luke, "What we got here is... failure to communicate." Well, the PCAOB did not consider AU 380, it's standard on auditors' communications with audit committees, to be a failure of Cool Hand Luke proportions - but they have decide... [More]
Categories: Assurance

Browsing the Internet – Why Not use Google’s Browser?

by Justin Nescott 23. January 2012 12:47
  Whether you use Internet Explorer, Firefox, Chrome, Safari, or another browser, you most likely use Google for your web searches. However, in most browsers, the Google toolbar has to be installed or you must navigate to Google.com to use the Google search engine.   In just over three ... [More]
Categories: Productivity

Important Tax Figure Changes For 2011 and 2012

by Steven Sodini 18. January 2012 10:45
Each year, there are many important changes to various tax amounts, limitations, etc. (see Important Tax Figures for 2012).  This article will highlight some of the major changes from 2010 through 2012. Most of the major changes occurred in the area of tax depreciation.  Fi... [More]
Categories: Tax

Effects of Chinese Accounting Scandals on the IPO Market

by Jessica Moore 18. January 2012 10:25
A BDO USA survey has indicated that investment bankers are increasing their due diligence related to Chinese based offerings due to Chinese accounting scandals in recent years. Expanded efforts have been reported when reviewing internal controls over financial reporting and corporate governance stru... [More]
Categories: Assurance

2012 Tax Deadline Extended

by Laura Lewis 6. January 2012 16:00
The Internal Revenue Service (IRS) has recently announced that the tax deadline for this year's federal tax returns will be extended until April 17, 2012.  The traditional deadline date of April 15 falls on a Sunday this year and April 16 is Emancipation Day which is a recognized... [More]
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Categories: Tax