Latest Articles

  • IRS Warns of Surge of Phishing Schemes Emerging Over Last Few Days

    By:
    Chris Gaetano
    |
    Apr 3, 2017
    Tax time is prime time for identity thieves looking for personal information, but the IRS has said there is an unusually large amount of phishing activity, even for tax season. It warned professionals to beware of emails with certain subject lines. 
  • Credit Suisse Offices Raided by Authorities From Five Different Countries

    By:
    Chris Gaetano
    |
    Mar 31, 2017
    Authorities from Netherlands, Britain, Germany, France and Australia conducted a series of coordinated raids on offices belonging to Swiss bank Credit Suisse as part of a massive tax evasion and money laundering probe concerning tens of thousands of account holders. 
  • Poll: Audits Provide Valuable Business Insights But Not Everyone Acts on Them

    By:
    Chris Gaetano
    |
    Mar 31, 2017
    A Deloitte survey of over 300 c-suite executives and 100 audit committee members has found that while the majority think the financial audit provides valuable business insights, only about a third of companies actually leverage them into their business strategies. 
  • Amazon to Start Collecting Sales Taxes in Every Applicable State

    By:
    Chris Gaetano
    |
    Mar 30, 2017
    Online retail giant Amazon plans to begin collecting sales tax in Hawaii, Idaho, Maine and New Mexico, the last four states in which it did not already do so. 
  • Poll: Most People Find Work Stressful

    By:
    Chris Gaetano
    |
    Mar 30, 2017
    A recent survey of 2000 people has found that the majority of people find work to be pretty stressful, while roughly equal numbers either found to work to be really stressful or, conversely, not stressful at all. 
  • Grocery Chain Tesco to Pay $160,256,700 Over Accounting Fraud

    By:
    Chris Gaetano
    |
    Mar 29, 2017
    International grocery store chain Tesco will pay a fine of  $160,256,700 (or £129 million) to settle charges related to widespread accounting fraud that, when it became unsustainable, led the company to admit it had overstated its profits by $338 million (£263 million). 

  • Study: People Like Hedge Funds That Sound Tough

    By:
    Chris Gaetano
    |
    Mar 29, 2017
    A recent study has found that investors put more money into a hedge fund if it has a tough sounding name, like Manchester Alpha Fund or Marathon Macro Strategic Allocation, instead of a more prosaic, or even gentle sounding, name like Hare Investment Fund or Mullaney Investment. 
  • TIGTA Faults IRS for Keeping IP PIN Program Open After It Was Hacked

    By:
    Chris Gaetano
    |
    Mar 28, 2017
    The Treasury Inspector General for Tax Administration (TIGTA) faulted the IRS in a recent report for keeping its IP PIN program open even after a security breach had been identified. 
  • Burglars Steal 220-pound Gold Coin Worth $4 Million

    By:
    Chris Gaetano
    |
    Mar 28, 2017
    A 20-inch wide, 220-pound solid gold coin was stolen from Berlin's Bode Museum, estimated to be worth approximately $4 million.  
  • Regulatory Roundup: March 22-28

    By:
    Chris Gaetano
    |
    Mar 28, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily we here at the Trusted Professional have collected relevant regulatory announcements from this past week and put them here in one place to help you stay on top of regulatory issues or matters.