The Treasury Department and the Internal Revenue Service issued final regulations to eliminate a so-called “family glitch” in the rules for qualifying for premium tax credits to subsidize the cost of health coverage under the Affordable Care Act. The Democrats leading the main tax committees in Congress hailed the move,
Power users are getting more tools in their favorite spreadsheet program; Microsoft stops taking partner’s checks; Zoom evolves; voice-activated payroll at Paychex; and six other things that happened in technology this past month and how they’ll impact your clients and your firm.
Taxes and fintech: Two words that most people aren’t used to seeing side by side. That’s going to change. Tax planning and filing is the next big fintech trend. Yes, automation, artificial intelligence, robotic process automation and bots are most definitely still on our radar — and in fact, these
Pennsylvania-based Top 100 Firm RKL LLP has launched a new subsidiary to offer outsourced accounting and business services. The practice, RKL Virtual Management Solutions, will manage the accounting, financial management, payroll and HR functions of business clients. “Over the past few years, owners and executives realized that what got them
Tax software provider Sovos has launched a formal global partner program for those who resell, co-sell, implement or embed its solutions. The new Sovos Partner Network aims to help partners boost their tax compliance offerings and better serve clients by giving them access to the company’s compete portfolio of compliance
Noelene Sheridan KPMG International announced a number of appointments: Paul Korolkiewicz as global head of quality, risk and regulatory, and Regina Mayor as global head of clients and markets, with both joining the firm’s global management team. In other firm news, the firm hired Britt Haxton as a principal in
Looking to draft guidance reflective of the needs of taxpayers entitled to claim Inflation Reduction Act energy credits, the Internal Revenue Service has issued six notices asking for comments. Input is wanted on different aspects of extensions and enhancements of energy tax benefits. By notice, comments are requested on: Notice
The IRS Independent Office of Appeals has made revisions to its initial contact letters in response to feedback from taxpayers and practitioners. The changes are: The revised letter will clarify that generally, taxpayers and representatives can choose how they meet with Appeals through conferences that can be held by telephone,
Flexibility and support are the common hallmarks of the 2022 Best Firms for Women — as their staff are happy to tell you. The 10 firms on our annual list are chosen from among Accounting Today’s larger list of the overall 100 Best Firms to Work For, which is selected
On Aug. 26, 2022, readers of Accounting Today were invited to respond to the article “Do we still need accounting firms?” This question was crafted around Susskind and Susskind’s new edition of their highly acclaimed book, “The Futures of Professions: How Technology Will Transform the Work of Human Experts.” Among
