Like all professions, accountants have a few bad apples in their ranks. Everyone makes mistakes now and then and when a CPA makes an error, it’s called Accounting Malpractice. Sometimes the errors involve a missed deadline. Sometimes professionals fail to keep up with changes in the law (after all, there are only 73,608 pages of […]
Tired Old Boys’ Clubs — A Lesson on How the Eras End
[Ed. Note: The following is reprinted with permission from Re:Balance, a blog published by Attorney Jim Peterson. Jim’s views on the Big Four accounting firms seem to be very much in line with ours. Enjoy!] Tired Old Boys’ Clubs — A Lesson on How the Eras End by Jim Peterson, Esq.Can a long-vibrant institution be […]
Accounting Malpractice Post – CPA White Label Lending Programs
Sometimes I don’t have to look very hard to find something important to our readers. Literally upon logging into my email this morning was a discussion on LinkedIn about a new small business lending program being marketed through accountants. Is that a wonderful new tool for CPAs to help clients with cash flow problems or […]
From STARS to SLOTS – More Tax Shelter Woes For Accountants (Accounting Malpractice Post)
by Brian Mahany Last weekend we wrote about STARS, a controversial tax shelter program recommended by accounting giant KPMG. That “star” exploded like a super nova earlier this week when a U.S. Tax Court upheld an assessment of approximately $800 million against Bank of New York – Mellon. Today, Accounting Today reports that another KPMG […]