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The Progressive Accountant

SEC Slaps China Big Four Firms

Andrew Ceresney, Securities and Exchange CommissionThe Securities and Exchange Commission has censured Chinese accounting firms that are members of the Big Four. The Chinese firms admitted they failed to produce requested documents before proceedings were begun in 2012. They must provide documents and meet SEC requirements over the next for year. Each firm agreed to pay $500,000.

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TurboTax State Filing Halted

Brad Smith, IntuitIntuit has had better months for TurboTax. A week ago, it said it would reverse a decision to pull key forms from the desktop version of TurboTax Deluxe. This week, it halted transmission of state income tax returns after reports of fraud emerged in 18 states while Minnesota said it was not accepting returns prepared via the Intuit product.

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IRS Opens Preparer Directory

irsThe Internal Revenue Service has opened an online directory of tax return preparers. The searchable directory is designed to help taxpayers find professionals with credentials and select qualifications. Lists include attorneys, CPA and Enrolled Agents and those who have completed requirement for the IRS Annual Filing Season Program.

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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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