When TowerBrook Capital Partners invested in the Top 20 firm EisnerAmper last August, many say that move finally put PE on the accounting industry map and more big moves could follow. My good friend Allan Koltin, a frequent guest on my podcast who has served as an advisor and broker
The previous five parts in this series discussed how ownership of conventional single-family dwellings differs from ownership of condos or co-op apartments. They also explained when the IRS allows owners of a co-op apartment to build up the adjusted basis for their apartment or requires them to decrease it, as
Last year saw a record number of reverse merger transactions, with 398 reverse mergers valued at nearly $135 billion, according to Bloomberg Law. Although 2021 marked the first time that many such transactions involved special purpose acquisition companies (SPACs), which totaled 246 out of the 398 transactions, it still marked
In addition to the fantastic networking opportunities and engaging content agenda you’ll find at the AccountingWEB Live Summit this May in San Diego, we also have exhibit halls filled with vendors who offer the latest technology that will solve your problems and help you work more efficiently. This week, we
When it comes to maximizing cash flow for small businesses, the Mining Your Business method consists of breaking your client’s operation down into two separate categories: cash generating activities and cash conversion activities. By understanding the difference between the two you can help illuminate problems that exist in the way
The Great Resignation is making it even harder for CPA firms to attract and retain talent. In recent years, it’s become obvious that the CPA firm business model is increasingly challenging. The pipeline of qualified new hires is shrinking. Younger CPAs aren’t as enamored with the partner path or the
Remote auditing, previously a rarity, quickly became the norm during the COVID-19 pandemic. It seems that shift is here to stay — creating both challenges and opportunities for CPAs engaged in audit work. Over the past two years of the COVID-19 pandemic, the auditing profession has undergone a major transformation. Auditors
The Public Company Accounting Oversight Board is reportedly making progress on talks with Chinese authorities on enabling access to inspections of firms in that country that audit companies whose shares trade on the U.S. capital markets after the Securities and Exchange Commission threatened to suspend listings of five Chinese companies.
The Financial Accounting Foundation is looking for nominations to the Private Company Council that shares the perspectives of privately held businesses with the Financial Accounting Standards Board. The PCC advises FASB on the appropriate accounting treatment for private companies for items under active consideration on the board’s agenda. The council
Senate Finance Committee chair Ron Wyden, D-Oregon, said Friday he is developing policies that could remove some tax benefits available to Russian and Belarusian individuals and entities that earn income from the U.S., as well as U.S.-based multinational companies that do business in those countries. For individuals, he noted that
