Intuit the global technology platform that makes TurboTax, QuickBooks, Mint, and Credit Karma, has agreed to acquire Mailchimp, a global customer engagement and marketing platform for growing small and mid-market businesses. The planned acquisition of Mailchimp is valued at approximately $12 billion in cash and stock. With the acquisition of
As tax exemptions are targeted, life insurance policies could offer high-net-worth individuals a different means for protecting their estates. We’ve been warned about what’s to come for our clients—and maybe even ourselves. While on the campaign trail, now Pres. Joe Biden proposed reducing the estate tax exemption to $3.5 million
Do you provide information technology services for your attest clients? Or does the firm that performs your attest work also provide information technology services? Those services may now cause independence concerns. This article highlights the changes and how to approach the new guidance. The ET Section 1.295.145 of the AICPA Code
For decades, accounting firms have generated organic growth and profits by offering essential services such as bookkeeping, tax and audit. However, the services that got your firm where it is today won’t necessarily get you to where you want to be in the future. To remain relevant and meet client
As if the tax landscape had not been rattled enough for tax year 2020, the Biden administration’s proposed changes for the 2021 tax year and beyond may change the traditional tax planning season as well. This could be yet another significant shift only a few years after the Tax Cuts
Just joining in? Go back to part one, which contains information about a tax hit for sellers of vacation homes, and enlighten yourself on why an irked Congress enacted Code Section 121 (b) (5). Its precise wording curtails the availability of a series of full exclusions of as much as
Did you follow a traditional career path? Or was your course altered along the way? For many accountants, their route to business ownership was not straightforward or intentional. Perhaps you started a side hustle while working for a firm, or your life circumstances changed, requiring more flexibility, and you decided to go for
A stock option is an agreement between a buyer and a seller to exchange stock for a pre-set price within a specific period. Employee stock options, for example, are agreements between the corporation and the employee to purchase common stock at a price set by the corporation. The stock must
One of the core concepts of any process improvement initiative is that value is defined from the client’s perspective. But how many firms have metrics that are aligned to a client-centric perspective? Metrics in a CPA Firm Some of the metrics we see firms track include: Chargeable and non-chargeable hours
A recent statement by the AICPA, verbalizing its commitment to creating equal opportunities for the black community in the accounting profession, was both heartfelt and compassionate. Yet, while it is beautiful and worthy of framing on a wall, the question that must be asked is this: Has the AICPA (and
