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News on SourceMedia continually updated from thousands of sources around the net.

3 hrs ago | American Banker

All Sides Claim Victory in Wake of GAO Report on TBTF

"A lot of folks led by the megabanks were denying any funding advantage, any 'too big to fail' subsidies.

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Related Topix: US Politics, David Vitter, US News, US Senate, Republican, Sherrod Brown, US House of Representatives, Democrat

8 hrs ago | WebCPA

IRS Hopes New Form Will Help Uncover Charity Fraud

Internal Revenue Service commissioner John Koskinen is putting his hopes in the IRS's recently introduced Form 1023-EZ, which is intended to expedite applications by small charities for tax-exempt status facing a long backlog.

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Related Topix: Tax

Thu Jul 31, 2014

WebCPA

Cash Accounting: A Simpler Method for Small Firms

A number of groups testified or submitted statements recently at a hearing of the House Committee on Small Business Subcommittee on Economic Growth, Tax and Capital Access titled 'Cash Accounting: a Simpler Method for Small Firms?' The American Institute of CPAs, the American Bar Association, the National Conference of CPA Practitioners, and the ... (more)

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Related Topix: Small Business, Personal Finance, US Politics, US News, Dave Camp, Republican, US House of Representatives, US Senate, Democrat, Max Baucus

WebCPA

Qsgi Ceo and Former Cfo Charged with Hiding Internal Control Deficiencies

The Securities and Exchange Commission announced charges against the CEO and former CFO of a Florida-based computer equipment company for misrepresenting to external auditors and the investing public the state of its internal controls over financial reporting.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Corporate Governance

WebCPA

Confirmation.com Acquires ProConfirm

The online audit confirmation service Confirmation.com has expanded its presence in Europe with the acquisition of ProConfirm Ltd., an electronic audit confirmation service based in London.

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Related Topix: Brentwood, TN

Financial Planning

DC Plans Work -- When Backed by Social Security

SourceMedia's Partner Insights program enables marketers to deliver relevant content and insights directly to the Financial Planning audience via SourceMedia's digital media platforms.

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Related Topix: Social Security, Personal Finance, Retirement, T Rowe Price Group, Financial Services, Investment Services, IRA, Mutual Funds

WebCPA

Congressional Democrats Introduce Bill to Ban Federal Contracts to Companies Moving Abroad

A group of Democratic lawmakers has introduced legislation designed to prohibit federal contracts to multinational companies that use corporate inversions to cut their tax rates.

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Related Topix: US News, Rosa DeLauro, US Politics, US House of Representatives, Democrat, Lloyd Doggett, US Senate, Senator Dick Durbin, Carl Levin

Wed Jul 30, 2014

WebCPA

Over a Third of Americans Have a Debt in Collections

Thirty-five percent of adults in the U.S. have a debt in collections reported in their credit files, a new study shows.

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Related Topix: Urban Institute, Technical Services, Home, Mortgage, Personal Finance, Texas

WebCPA

Estate Tax Repeal Vote Possible in House This Year, Camp Says

Republicans are considering voting this year to repeal the U.S. estate tax, said House Ways and Means Chairman Dave Camp.

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Related Topix: US News, US Politics, Dave Camp, Republican, US House of Representatives, Barack Obama

American Banker

Credit Karma's Latest Act: Making Access to Credit Reports Easier

"A credit score without a report is like trying to hit a bull's-eye on a moving target," said Ken Lin, chief executive and founder of Credit Karma.

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Related Topix: Credit Karma, Quizzle

American Banker

First Data Announces Plans to Buy Gyft

SourceMedia's Partner Insights program enables marketers to deliver relevant content and insights directly to the American Banker audience via SourceMedia's digital media platforms.

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Related Topix: Startups, Facebook, Social Software

Financial Planning

CRM Tip: Think Better Client Service, Not Automation

Why Clients Need Help With Family Governance Many clients don't know this area of expertise exists, but they know they need help with it, says Paul Pagnato, whose Pagnato-Karp Group works with UHNW families.

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Tue Jul 29, 2014

WebCPA

IRA Withdrawals Increase with Age

Withdrawals from individual retirement accounts tend to be driven largely by people who are 70-1 2 or more, according to new research.

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Related Topix: IRA, Personal Finance, Retirement

American Banker

Early Adopters of Photo Bill Pay See Promise, Technical Challenges

"[You would] imagine with so many selfies that people take with their mobile phones, they would already know how to take a photo," said Alex Carriles, director of digital channels at BBVA Compass, of the difficulty in getting customers to submit usable images.

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Related Topix: Cell Phones, Cellphones, Electronics

Financial Planning

Will Advisors Avoid Financial Products Amid Regulation?

SourceMedia's Partner Insights program enables marketers to deliver relevant content and insights directly to the Financial Planning audience via SourceMedia's digital media platforms.

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Related Topix: Mutual Funds, Personal Finance, Marketing

American Banker

U.S. Bank ATMs Support Red Cross Disaster Relief

SourceMedia's Partner Insights program enables marketers to deliver relevant content and insights directly to the American Banker audience via SourceMedia's digital media platforms.

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WebCPA

Disability Insurance Program Running Low on Funds

The scheduled depletion date for Social Security's Disability Insurance Trust Fund is only two years away, in late 2016, according to a new government report.

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Related Topix: Social Security, Personal Finance, Healthcare Law, Law, Medicare, Health, Retirement

Mon Jul 28, 2014

WebCPA

Defense Employees and Contractors with Security Clearances Owe $730 Million in Taxes

Approximately 83,000 employees and contractors who work for the Department of Defense, and are eligible for a security clearance, owe more than $730 million in unpaid federal taxes, according to a new government report.

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Related Topix: Department of Defense, US News, Tax, Tom Coburn, US Politics, US Senate, Republican

WebCPA

Why CPA Firms Gobble Each Other to Grow

While it is inevitable that a firm or company will eventually age and die, it is the responsibility of the managing partner or CEO to ensure that the firm or company remains viable.

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American Banker

DDoS Attacks Are Still Happening - and Getting Bigger

PRIME TIME: DDoS attackers targeting banks usually work 9 to 5 "because this will cause the most disruption possible and the media will pick it up," Rod Soto says.

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