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CPA candidates are confronted by significant changes to exam
By Shane Gastecki, Schneider Downs In January 2011, the CPA exam underwent its largest transformation since it was converted from a paper and pencil exam to computer-based in 2004. read more
Strong hiring demand forecast for accounting grads
Newly minted accountants have some of the brightest job prospects in the nation, with nearly 90 percent of accounting firms forecasting the same or increased hiring of graduates this year compared with 2010, and nearly three quarters, 71 percent, of the largest firms anticipating more hiring – an indicator of a rebounding economy. That's according to survey results in the 2011 "Trends in the Supply of Ac read more
Do for-profit colleges deserve taxpayer support?
By Curtis C. Verschoor, CMA Students at for-profit colleges have a much higher dropout rate and frequency of student loan defaults when compared to those at traditional public and private colleges and universities. In addition, a GAO report shows that several of these schools employ unethical tactics in recruiting. read more
World of Accounting introduces profession to Rochester, NY high school students
The World of Accounting showcase, hosted by the Rochester chapter of the New York State Society of CPAs (NYSSCPA) on April 29, provided nearly 200 New York high school students with an opportunity to explore career options in accounting. The full day program included panel discussions, tours of two accounting firms, speakers, Q&A sessions, and networking opportunities, according to a report in the Rochester Democrat and Chronicle. read more
Social networking provides new playing field for U.S. job seekers
Almost one-in-five people surveyed from the United States are going online in their hunt for work, however many are growing nervous about the potential career fallout from personal content on social networking sites, according to the latest survey results from global workforce solutions company, Kelly Services. read more
Hot Topics
Celebrity News
Ozzy and Sharon Osbourne at odds with the IRS
Not long ago they were one of the richest couples in the United Kingdom. Now Ozzy (real name John) and Sharon Osbourne are up to their eyeballs in tax trouble with Uncle Sam. Recently the Internal Revenue Service slapped them with a lien on one of their two southern California mansions. The lien filed in the Los Angeles County Recorder's Office relates to two tax years, and totals more than $1.7 million. Here are the details: read more
Famous names go round two with the Taxman
Rapper Lil Wayne (real name, Dwayne Carter) probably breathed a sigh of relief a few months ago when he settled his $1.13 million debt with the Internal Revenue Service. That debt related to income from 2004, 2005, and 2007. But compared to the new lien just filed for income earned in 2008 and 2009, that previous bill must seem small. The good news is, Lil Wayne's income must have grown substantially in the last few years. read more
Charlie Sheen, out of work, faces tax issues
If you live in America and you watch TV, you can't help but know that Charlie Sheen dominated the news for weeks with his strange and sometimes violent outbursts, marriage woes, child custody issues, a long fight with the producers of his show, a trip to the emergency room… all related to his self-acknowledged drug abuse. read more
Celebrities and their tax woes: Young Buck, Joe Francis, Jaime Pressly, and Richard Hatch
The latest celebrity tax round-up features several repeat offenders. It's great to be in the spotlight, but is sparring with the IRS the best way to stay in the public eye? Last summer, rap star Young Buck (real name David Darnell Brown) woke up to find federal agents pointing guns at him in his home in Hendersonville, TN. The agents were there to confiscate property in payment of Brown's $300,000 tax debt. Agents took a long list of items, ranging from music-recording gear, to jewelry, to artwork, to expensive video game equipment. read more
IRS sticks former Duke lacrosse player and falsely accused rapist with $6.5M tax bill
The name Reade Seligmann has been out of the headlines for awhile, but lately he's been back in the limelight. He was one of three Duke University lacrosse players who were accused – and eventually exonerated – in a racially charged rape case. Seligmann is now a law student at Emory University in Atlanta. read more
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