TaxMasters Hit With $195M Judgment


By Ron Kramer

What’s that old adage?- “If it seems too good to be true, it probably is.” Yesterday, it was announced that TaxMasters Inc., a Texas-based, ... read more >

In-Laws Cost Taxpayer More Than $900,000 in New York Taxes, Penalties and Interest!

All John Barker and his wife, Laura, wanted was a summer house in New York near the beach as a change of scenery from their Connecticut home. With three ... read more >

Apply Six Sigma to Process Improvement

Every organization has work processes that are inefficient and frustratingly cumbersome. It seems every Chief Financial Officer or Operations Manager can ... read more >

Complying with the IIA Standards Does Not Always Equate to Statement on Excellence

The day comes, if it hasn’t already, when the audit committee challenges the relevance and value of the internal audit (IA) function to the organization ... read more >

Michigan's New Corporate Income Tax Update for 2012

In August 2011, we released an insight regarding Michigan’s change to a corporate income tax (CIT) for tax years beginning after December 31, 2011. ... read more >

DJIA to 13,000: New Normal or Another Peak?

As of this writing, the Dow Jones Industrial Average (DJIA) has surpassed the level of 13,000. This is the first time the DJIA has reached 13,000 since ... read more >

Six Griddles and a Waffle Maker: The Schneider Downs Diner

The aromas of syrup and sausages wafted through the hallways of Schneider Downs on March 24, as the firm hosted its annual Pancake Breakfast in the Pittsburgh ... read more >

Manufacturing Alert: European Union REACh Regulations Continue to Advance

If your organization manufactures or imports chemicals of any kind into the European Union (EU), then you are probably already aware of REACh. This far-reaching ... read more >

House Republicans and Senate Democrats Introduce Small Business Tax Relief Legislation


By Ron Kramer

In recent days, both House Republicans and Senate Democrats have unveiled tax legislation focused on incenting small business growth. On March 21, House ... read more >

IRS Announces 2012 Work Plan for Tax Exempt Entities

Recently, Lois Lerner, Director of Exempt Organizations for the Tax Exempt and Government Entities Division of the Internal Revenue Service, issued the ... read more >