According to the U.S. News and World Report, Harvard University remains the top-rated school for MBAs. The Boston-based institution has held first place in the rankings for the past 17 years. Yearly tuition is $61 thousand. Second place goes to Stanford University in California. Tuition there per year is now set at $64 thousand. Third…

Futurist David Henderson recently warned that CPAs are falling behind other financial advisers when it comes to embracing new technology, specifically in using cloud integration: “Up until 2014, only 18% of CPAs were involved in caching their clients financial information in the cloud. This was mostly because of the unclear concept of how the cloud…

The Financial Standards Accounting Board has issued new accounting standards for not-for-profit organizations. Disclosure and presentation standards under the new regulations will allow more access to a not-for-profits financial records by grantors, donors, creditors, and others who need the access. One of the main changes is that net asset classes will be decreased from three…

The Journal of Accountancy recently reported that the IRS is revamping its user fees for installment payment agreements. Lee Schneider, a tax specialist at Accounting Solutions in Los Angeles, says: “CPAs often work with their clients in hammering out payment agreements with the Treasury Department. In the past, the fee to begin such agreements was…

Back in 1893 accountant Frank Broaker had to sue a large company in New York state in order to collect his fee for untangling the company’s books, which were a mess. The company claimed he had overcharged them, at $3 per hour. Broaker won his case easily, but it set him to thinking. Lobbying the…

There are over 30-thousand MBA candidates in the Chicago-land area this year. About half of them are from overseas; countries like China and India. According to a recent poll, nearly a quarter of these foreign-born MBA’s will stay in the Chicago area after they graduate. Campbell King, the co-director of MBA Studies Group, explains why:…

The brief answer is, until the person holding it is dead. But that’s not the entire story. The Press Enterprise of Beaumont, California, reports that a former city finance officer, one William Aylward, is having his certification revoked because of his alleged involvement in a city scandal. To receive a CPA certificate in the United…

In the past the IRS has disallowed many, if not all, write-offs and deductions that are part and parcel of being an MBA student. Transportation, tuition, textbooks, business luncheons, and professional membership fees — all these, and more, were pooh-poohed by the IRS. But now, after the landmark Kopaigora vs Commissioner case in federal Tax…

Ginnie Mae (Government National Mortgage Association) thought they were getting a certified CPA when they hired David Fender in 2014 to supervise a $1.5 trillion portfolio of loans. But what they got instead was a man without CPA certification who had been in serious trouble previously for tax evasion and other financial irregularities. When his…