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The Progressive Accountant

IRS Releases Healthcare Credit Form

IRS LogoWASHINGTON --The Internal Revenue Service has released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business healthcare tax credit. The form will be used when income tax returns are filed in 2011. The IRS also announced how eligible tax-exempt organizations can claim the credit during next year's filing season.

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SEC: Advisor/Preparer Bilked Clients for $11 Million

The SEC has charged Sandra Venetis, a Branchburg, N.J. resident who operates financial planning, tax and accounting and investment firms, with fraudulently obtaining at least $11 million from clients since 1997. The allegations said Venetis used the funds to pay gambling debts, buy her daughter a home, fix her brother's house, and pay for personal expenses and overseas trips, among other items.

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NSA Opposes CPA Exemptions

John AmsALEXANDRIA. Va.- The National Society of Accountants is opposing a possible  exemption of CPA firm staff members from proposed Internal Revenue Service rules that would require Preparer Tax Identification Numbers for all professionals involved in preparing tax returns. In a prepared statement, NSA EVP John Ams said that the IRS proposals had been the result of work by organizations that produced what was felt to be a fair and equitable registration process.

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The Accounting Top 100

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The Accounting Top 100 social media leaderboard ranks accounting professionals based on their overall presence, influence, and engagement on social media platforms. Each user’s rank is determined by that user’s Klout Score in addition to a list of custom metrics, and all updated rankings are displayed in new leaderboards generated every two weeks.

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Avalara’s Accounting Top 100 leaderboard (the “Leaderboard”) is assembled using a list of accounting professional users that’s curated by manual entry as well as by Rise.Global's internal Twitter search functionality. We reserve the right to change scoring metrics used for ranking and to exclude anyone from the list, in our sole discretion. The Leaderboard is not an endorsement, recommendation or sponsorship of any of the accounting professionals on the Leaderboard, and we do not make any representation or guarantee of their ability or reliability. Assessments by different methods or based on different information may yield different results. The Leaderboard is only a starting point to gather information about accounting professionals, and you should not rely on it to decide whether to hire an accounting professional.

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