The Public Company Accounting Oversight Board named the members Monday of its two new advisory groups, the Investor Advisory Group (IAG) and the Standards and Emerging Issues Advisory Group (SEIAG), and scheduled their initial meeting dates. The selection of the members came after the PCAOB started a nomination process in
Financial Accounting Standards Board chair Richard Jones said that, over the course of its agenda consultation process, stakeholders have communicated that a project to permit or require companies to account for certain digital assets at fair value should be a “top priority.” Speaking at Baruch College’s Financial Reporting Conference, Jones said
More than 30,231 taxpayers may now qualify for Additional Child Tax Credits totaling over $16 million after the Internal Revenue Service implemented a provision of the American Rescue Plan Act last year that expanded eligibility for premium tax credits to buy health insurance. On Friday, the White House announced plans
The Internal Revenue Service is continuing to face staffing challenges that are holding back its efforts to process both last year’s and this year’s tax returns, according to a new report. The report, released Thursday by the Treasury Inspector General for Tax Administration, found that backlog inventories left over from
Mergers and acquisitions (M&A) are a common growth strategy for accounting firms in today’s rapidly changing marketplace. They unlock opportunities to expand into new markets, gain a competitive edge or acquire new technologies and talent. Does an M&A make sense for your firm? Before you say yes, consider this: They
Details: Macias Gini & O’Connell LLP, a Top 100 Firm based in Los Angeles, has added Eckhoff & Company CPAs and Advisors, a firm in San Rafael, California. As part of the deal, Eckhoff’s team of over 20 members will join MGO and Eckhoff managing partner Michele Hassid will join
The Institute of Internal Auditors is celebrating Internal Audit Awareness Month in May, continuing a tradition that dates back to the 1990s as a way to highlight the work of the profession. Over the course of the month, internal auditors around the world will be sharing examples of how the
The Internal Revenue Service issued its annual inflation-adjusted amounts Friday for health savings accounts next year as the inflation rate surged to the highest level in decades. In Revenue Procedure 2022-24, the IRS said for calendar year 2023, the annual limitation on deductions for an individual with self-only coverage under
Michael Azzato Michael Azzato was hired as a tax staff accountant, Ethan Clark as audit staff accountant, and Scott Romberger as client advisory services senior advisor at Brown Schultz Sheridan & Schultz, Camp Hill. Stambaugh Ness, East York, was named a Deltek Customer Acquisition Partner of the Year. Isdaner &
Big Four firm KPMG published its inaugural U.S. Impact Plan on Friday, outlining its environmental, social, and governance strategies across four main areas: people, planet, prosperity and principles of governance. KPMG International previously released its Impact Plan in 2021. The U.S. plan includes goals to invest $125 million over five
