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BKD expands into Arizona

Top 15 Firm BKD CPAs & Advisors announced that it has acquired Mesa, Arizona-based Schmidt Westergard. The combination, which was effective January 16, gives BKD a strong presence in the Phoenix market. “We carefully look for firms that are a strong strategic and cultural fit when making such moves,” BKD

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The Growth Partnership merges with IPA

The Growth Partnership has combined with Inside Public Accounting, bringing together the consultancy that administers the Rosenberg Survey of practice management at firms with a publication that does its own high-profile surveys and rankings of firms. Both organizations will now be working together to provide thought leadership and benchmarking surveys

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IRS updates Recovery Rebate Credit and EIP guidance

The Internal Revenue Service added more information on the Recovery Rebate Credit, providing extra details on its Frequently Answered Questions document about finding the first Economic Impact Payment amounts to calculate the credit. Last week the IRS updated the document as it prepares for the start of tax season on

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Auditors urged to keep an eye on inflation risks

With inflation reaching a 40-year high, consumers are feeling its effects, and internal auditors should probably start keeping tabs on inflation risks as well. Richard Chambers, former president and CEO of the Institute of Internal Auditors and now a senior internal audit advisor at the software company AuditBoard, is urging

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Wiley releases J.K. Lasser tax guides for 2022

John Wiley & Sons has updated its annual J.K. Lasser series of tax guides with information for preparing tax returns this year. The guides explain the impact of some of the recent changes to tax laws like the American Rescue Plan Act (ARPA) and the Consolidated Appropriations Act, 2021 (CAA).

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In the blogs: What a world

Accountants go meta; muddy start to the season; the controller as preparer; and other highlights from our favorite tax bloggers. What a world Institute on Taxation and Economic Policy (https://itep.org/category/blog/): Most state budgets are flush with cash due to billions in federal aid and a rebounding economy, positioning state policymakers

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Tax leaders looking for better tech skills

The vast majority of tax and finance leaders see a need for improved technology and data skills in their employees, according to a new international survey. The survey, by Ernst & Young, polled 1,650 tax and finance leaders in over 40 countries. It found that 84% of the respondents plan

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IRS updates info on Recovery Rebate Credit and pandemic response

The Internal Revenue Service has updated its guidance on claiming the Recovery Rebate Credit and issued a report Friday on how it responded last year to the COVID-19 pandemic. The frequently asked questions document on the 2020 Recovery Rebate Credit explains how taxpayers who didn’t receive their Economic Impact Payments,

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Tax Fraud Blotter: Jail time 4You

Seven digits short; Miami vice; nice going, Ace; and other highlights of recent tax cases. Cambridge, Ohio: Contractor Daniel L. Speedy has pleaded guilty to one count of filing a false income tax return. From about January 2011 through July 2015, Speedy was contracted by a local county development corporation

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Private equity firm acquiring RSM US wealth practice

Parthenon Capital, a private equity firm based in Boston, has struck an agreement with Chicago-based RSM US LLP, to acquire Top Five Firm’s wealth management practice. RSM US Wealth Management LLC will be renamed Choreo LLC, with “Choreo” as the new brand name. The deal is expected to be completed

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