The Progressive Accountant - Tax (1470)
Children categories
Tax 1457
The assets of NextPoint Financial, parent of chain Liberty Tax, have been sold after approval by a Canadian Court and under Chapter 15 bankruptcy in the United States.
Liberty and Canadian Community Tax will continue to operate under the ownership of BP Commercial Funding Trust, Series SPL-X
The action was spurred by NextPoint’s disastrous acquisition of LoanMe, which was supposed to be operated in tandem with Liberty as a one-stop consumer operation. NextPoint purchased both LoanMe and Liberty in 2021 but shuttered LoanMe for new loans in July 2023. NextPoint sued AmeriFirst Home Improvement Finance seeking millions of dollars in damage for the alleged failure of AmeriFirst to live up to the terms of a loan servicing contract.
LoanMe, which had continued to service existing loans, will be wound down. NextPoint’s announcement said there would be no assets to distribute to creditors
View items...Former CPA Indicted Again
A former Kentucky CPA has been indicted for failing to report $320,000 in income on his federal 1010 returns for 2018 and 2020. For Charles Marshall Stivers of Manchester, Ky., it was the third set of indictments over the last eight years.
AICPA OK’s Tax Services Standards
Updates to the Statements on Standards for Tax Services become effective on January 1, following their recent adoption by the Tax Executive Committee of the American Institute of CPAs.
Thomson Pitches AI in Updates
Thomson Reuters has described plans for enhancements to tax and audit applications that stress the utilization of artificial intelligence.
Intuit Details Tax Software Updates
Intuit has published information on new features in its tax software products—the desktop packages, Lacerte and Pro Series, and its cloud-based ProConnect Tax.
Tax Prep Biz Gets $60M Funding
Black Ore, which makes tax preparation software utilizing artificial intelligence, has received $60 million in financing to help develop its cloud-based tax preparation system and other financial software products.
IRS Sets Retirement Limits
The Internal Revenue Service has established contribution limits for the amount individuals can contribute to retirement plans in 2024.
CPA Guilty in Investment Fraud
A Nevada CPA has pleaded guilty to selling tax deduction in exchange for investing in a real estate business he owned. Lance K Bradford, whose scheme cost the Internal Revenue Service $8 million, pleaded guilty to aiding and assisting the filing of false tax returns.
IRS: Use of Digital Signatures Extended
- Monday, 30 October 2023
- The Progressive Accountant - Tax
- Written by Bob Scott
The Internal Revenue Service has extended the use of digital signatures and encrypted email when working with IRS personnel.
IRS Offers Biz Tax Account Tax
The Internal Revenue Service has created a business tax account for sole proprietors. These are for those with file business tax returns with sole proprietor with an EIN.
Bloomberg Debuts Tax AI Lab
Bloomberg Tax & Accounting has launched an AI Lab for its tax research platform. The Lab offers customers the ability to test new AI-driven tools.
Sales Tax Assessment Tool
The Accounting Top 100
Sales Tax Calculator
Social Leader board
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.
Did you make the list?
Congratulations! You can now track your progress on the leaderboard by clicking “Follow us” at the top of the list. Want to get the word out about your new celebrity status? Share this page with all of your friends and followers so they can view and join in on this fun social activity.
Think you’ve got what it takes to make the Top 100?
Disclaimer
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.
For feedback and/or questions please contact [email protected]
.
Most Read
-
-
Jan 23 2024
-
Written by Bob Scott
Intuit used deceptive advertising in calling some of its TurboTax…
-
-
-
Nov 10 2023
-
Written by Bob Scott
Revenue for Thomson Reuters Tax & Accounting Professionals increased by…
-
-
-
Jan 23 2024
-
Written by Bob Scott
The Internal Revenue Service is redesigning the roughly 170 million…
-
-
-
Feb 05 2024
-
Written by Bob Scott
Patriot Software is expanding affiliate marketing with a launch of…
-