The Sixth Circuit Court of Appeals has given another victory against the tax cut ban, a part of the American Rescue Plan Act’s provisions that requires states receiving federal rescue funds to forgo their ability to decrease state taxes. In its decision, the Sixth Circuit prohibited the Treasury from enforcing
That a “war for talent” continues to rage within the accounting and tax industry may not be “new” news, nor should it be a surprise. However, research indicates that the war for talent isn’t just a short-term challenge; it’s one that’s here to stay. For example, in the 2022 Wolters
Data intelligence solutions company Alation announced the release of its new Connected Spreadsheets solution, which aims to cut down on data entry errors by facilitating direct importation of data into spreadsheets. The new solution allows users to pull up-to-date data from data sources into spreadsheets on platforms such as Google
Over the past few years, we’ve seen major changes to the workforce and the way people work. For finance professionals in particular, rapid acceleration of accounting and finance technology has redefined the status quo of both workflow and operations, as well as individual output. While some of these changes have
An accounting firm that touts itself as the first to open its headquarters in the metaverse was accused in a lawsuit of turning a blind eye to a pattern of racketeering at FTX, the cryptocurrency exchange that collapsed, causing billions of dollars in losses. Prager Metis CPAs LLC, an auditor
Maner Costerisan volunteered at eight nonprofits throughout Lansing and Grand Rapids Nov. 3 as part of its fifth annual Maner Costerisan Cares Day of Impact. (Read the full story.) The Michigan Association of CPAs, Troy, hosted its annual awards event, Celebrate, on Nov. 9, honoring industry leaders and future leaders.
Almost made 100; O Canada; check’s not in the mail; and other highlights of recent tax cases. Irvington, New Jersey: Tax preparer Nehemie Leon, of Roselle, New Jersey, has pleaded guilty to preparing false returns for clients. Leon was employed or self-employed as a preparer at a prep business. She
If you offer financial advisory services to your clients — either directly or through an investment advisor relationship — I urge you to review your policies, procedures and agreements soon since the rules have changed. The SEC’s new marketing rule (Rule 206(4)-1), which became effective 18 months ago, and required
Sikich LLP, a Top 40 Firm based in Chicago, signed an agreement to acquire the assets of a fellow Windy City firm, O’Malley & Kwit LLC. The deal comes shortly after Sikich’s announcement last week of its acquisition of Accelerated Growth, another Chicago firm, which Sikich views as a priority
In a sign of confidence, Manhattan prosecutors skipped a witness they had said they would call. The case could end as soon as next week.
