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Blog Articles & Video January 2023

SAP and Amazon Web Services to deepen partnership

SAP is deepening its strategic partnership with Amazon Web Services, which will see the two companies collaborating on significant operational matters. The deal centers around being able to deliver cloud adoption paired with innovation and extensibility services. Some of the specifics include: Use of a joint reference architecture to support

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Building a practice: Marketing ahead of tax season

Government mandates may require taxpayers to do their taxes, but that doesn’t mean they have to do them with you. As the start of tax season on Jan. 23 approaches (see our story), tax practitioners are finding the best ways to reach out and pull in the best clients they

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California storm victims get a month of tax relief

Victims of storms in California now have until mid-May to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency. Individuals and households that reside or have a business in the 31 California counties

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How to get remote workers to take cybersecurity seriously? Fear

How do you get remote workers to take cybersecurity seriously? There’s coaching and coaxing, sure, but there’s also just scaring the holy living heck out of people. A recent study in the journal Computers and Security suggests just that, saying that fear is the most effective motivator in getting remote

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Longtime Trump CFO Weisselberg to report to jail and leave firm

Allen Weisselberg, who oversaw the finances at Donald Trump’s companies for decades, will immediately head to jail Tuesday after being sentenced to five months for tax fraud and then finally part ways with the Trump Organization. Weisselberg, the firm’s longtime chief financial officer, served three generations of the family but

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M&A roundup: UHY, Sax and Clayton & McKervey expand

Sax LLP, a Top 100 Firm based in Parsippany, New Jersey, has merged in Schall & Ashenfarb CPAs, a firm based in New York City, effective Jan. 1, 2023. The deal represents Sax’s fourth M&A deal in New York City since last year and expands the firm’s nonprofit practice.  Schall

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IRS refunded $14.8B for unemployment compensation exclusion

The Internal Revenue Service said Friday it recently completed making final corrections to the tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020. The American Rescue Plan Act of 2021, passed in March of that year, excluded up to $10,200 in 2020

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New bill would give gov’t audits in Montana teeth

Approved with unanimous bipartisan support from the Montana Legislative Audit Committee in December, a new bill would tighten state auditing rules, including adding penalties for state employees who do not comply with audits. Attached to the Montana legislature, which just started its 2023 session, the committee audits state government programs

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Employers added 223K jobs in December, but cut 1,100 in accounting

Nonfarm payrolls increased by 223,000 in December and the unemployment rate ticked downward by two-tenths of a point to 3.5%, the U.S. Bureau of Labor Statistics reported Friday, but employment in accounting and bookkeeping services fell by 1,100 jobs. The relatively strong overall employment gains came despite a series of

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