Matt – stock.adobe.com If you or a client of yours is planning on selling a company, here are 24 documents you’re going to have to show to any prospective buyer. Are you prepared? I’m betting you’ve got most of this information stored somewhere, but in various places. This is pretty
Republican leaders in the House proposed legislation this week to strip the Internal Revenue Service of much of the $80 billion in extra funding it won in last year’s Inflation Reduction Act as a gambit to reopen negotiations with the Biden administration over increasing the debt limit, while calling for
The American Institute of CPAs is asking the Internal Revenue Service to offer more guidance on how to help taxpayers compute their losses on digital assets such as cryptocurrency. In a letter last week to the IRS’s new commissioner Daniel Werfel and principal deputy chief counsel William Paul, the AICPA
The Internal Revenue Service is still studying the feasibility of offering its own free online tax preparation system, and its new leader is not ready to say yet what it will recommend, but he promised it would be released next month. IRS commissioner Daniel Werfel testified Wednesday before the Senate
Victims of storms in Indiana now have until July 31 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 after tornadoes, severe storms and straight-line winds that started on March 31 and April 1.
As the economy stays on shaky ground, middle-market organizations are increasingly opening up the company purse and making smart investments in technologies to become more efficient and more productive. Facing profound economic pressures, such as rising interest rates, continuing inflation and uncertainty in the banking industry, these organizations understand that
The Internal Revenue Service wants to hire more accountants, lawyers and other professionals to focus on high-income taxpayers and large corporations that are not paying all their taxes. In a statement Friday accompanying its annual data book, the IRS clarified its priorities for how it will use the extra $80
New York-based EFPR Group lowered its annual hours requirement to 2,080; staff at Traphagen CPAs continued a 50-year tradition of shaving their tax season beards for charity; Your Part-Time Controller named four new regional directors; FASB added three to its Investor Advisory Board; and other firm and people news from
An Audi, a Porsche and a sentence; Stop and gone; bad Company; and other highlights of recent tax cases. Surprise, Arizona: Anthony Henry Williams, 52, has been sentenced to four years in prison after being convicted of 17 counts including conspiracy, false claims to the IRS and transactional money laundering.
The CIO’s leadership role continues to elevate in high-performing firms. Many CIOs now have a dual role of chief digital and innovation officer, while some are expanding into the role of COO. In other words, the “technology monkey” is on the entire C-suite. Where can you leverage new opportunities? The
