The latest information from our Accountants
Periods of vast inflation are oftentimes followed by a recession, where consumers spend much less because they dealt with increased prices for too long. A
I receive many queries from retirees who have moved money into traditional IRAs, 401(k)s and other tax-deferred retirement accounts. Retirees have to comply with long-standing
Securities and Exchange Commission Chair Gary Gensler commemorated the 20th anniversary of the passage of the Sarbanes-Oxley Act while calling for strict new independence standards
On February 15 this year, Sarah Twigg of Twigg Accountancy Services shared with Jo Wood and Zoe Whitman of 6 Figure Bookkeeper that she was
Buyers’ criteria; EARN; marriage and accounting; and other highlights from our favorite tax bloggers. Fooling ourselves Taxbuzz (https://www.taxbuzz.com/blog): What they should be asking you about
Content is a highly effective way to capture and nurture leads. The more relevant content your firm creates, the more trust you build with prospects
KPMG’s U.K. firm, one former partner and four former employees faced sanctions Monday over auditing problems at two clients, the construction company Carillion and the
AARP will tell you that more than half of American workers plan to continue working in retirement. Their reasons vary, from the desire for added
You’ve spent months or even years developing the product or service of your dreams. You’ve brought it to market, hired a team, and found your
The Internal Revenue Service is coming under fire in Congress again, this time for lax oversight of fraudulent charities that applied for tax-exempt status and
Time was, finding qualified staff or handling a data security breach were accountants’ biggest concerns. But difficulties in working with a resource-challenged IRS have become
The American Institute of CPAs and the National Association of State Boards of Accountancy are laying the groundwork for a major overhaul of the CPA
Bloomberg Tax & Accounting announced that Chicago-based Top 10 Firm RSM US has been named the first Certified Implementer of Bloomberg Tax Provision and Bloomberg
Just joining us? The first three parts discussed IRS administrative rulings and court cases on whether write-offs for business expenses comply with the “ordinary and
Business software provider Xero announced the early U.K. release of its new Xero Go app, which aims to provide small business owners, freelancers and other
CPAs should use these strategies to build value creation, a vital element of success, into their daily routines. You may not think of it this
The Institute of Internal Auditors unveiled new research during its annual international conference in Chicago this week pointing to changes in the internal audit profession
Partnerships in the accounting profession are a hot topic these days, given the rise of new and improved applications, there are more opportunities for accountants to
The Federal Bureau of Investigation is warning people to make sure their cryptocurrency trading app is legitimate, because over the past year it is believed
Today’s CPAs must reach beyond technical training to protect their relevance and position themselves for long-term career success as client and company demands change. It’s
Grant Thornton U.K. LLP has been fined approximately $1.32 million pounds, or about $1.58 million, for its audits of Sports Direct International, a British sportswear
Labor shortages began before the pandemic, and accelerated once it started, which has led firms to consider their options for meeting client demand. Generally, two
One of the relatively recent deduction limitation rules we find of interest to tax planners is Section 163(j)’s rules now limiting business interest deductions. Our
“Retirement planning” sounds like industry jargon. The term is used so often, clients tend to tune you out. Try repositioning the goal as financial independence.
Senator Joe Manchin said he put the brakes on the Democrats’ tax and climate agenda in order to wait for July inflation data and to
An unprecedented global agreement on how to tax corporations, a key diplomatic win of President Joe Biden’s administration, is at risk of unraveling after members
Democrat Joe Manchin is once again playing spoiler for President Joe Biden’s economic agenda, bringing it to a screeching halt even after spending much of
We’ve been here before. Since the emergence of bitcoin over a decade ago, the cryptocurrency market has undergone four crashes where the price of BTC
Certainly, small business clients may know the tax benefits of having family members on the payroll, but a new Tax Court case, Wolpert, TC Memo 2022-70,
Off to the stockade; for the kids; untrustworthy; and other highlights of recent tax cases. Columbia, South Carolina: Former IRS employee Wayne M. Garvin, 57,
