EY Chief Executive Officer Carmine Di Sibio said “it’s business as usual” when it comes to hiring, with a tight jobs market even as several big firms begin to cut staff. “We’re not struggling to source talent, but it’s not like we’re seeing a rash of talent that’s all of
The Internal Revenue Service has been steadily ramping up its enforcement of partnership tax compliance. The Bipartisan Budget Act of 2015 streamlined the framework for auditing of partnership tax returns and made it easier for the IRS to assess any resulting tax. The IRS also announced implementation of the Large
EDITORS’ PICKComplimentary access to top ideas and insights — curated by our editors. Later this month, I will start teaching a graduate seminar at Baruch College on how to manage an accounting practice. I am very excited about this and am developing material that will be used as a reference
The Forvis building in Springfield, Missouri Courtesy of Forvis Forvis, New York, announces a collaboration with Jupiter Intelligence, a provider of climate risk analytics for organizations looking to strengthen their climate resilience, that will help clients manage physical risk exposure and provide disclosures to stakeholders. The International Auditing and Assurance
Lease optimization solutions provider Visual Lease has promoted Amie Durr to chief product officer; she will be the company’s first CPO. … AbacusNext, a software solutions provider specializing in the accounting and legal professions, added Greg Reynolds as chief technology officer, Arik Moav as chief financial officer and James O’Connell-Cooper
Engineered Tax Services, a Florida-based tax advisory firm, announced the acquisition of of two companies: J.E. Salazar & Associates, which focuses primarily on grant training and education, and R&D credit advisory firm Tax Credit Advisors. With the Salazar acquisition, ETS can now assist clients with securing funding through grants, the
American Institute of CPAs president and CEO Barry Melancon spoke Wednesday about changes at the Internal Revenue Service and Congress, the prospects for the upcoming tax season, the evolving CPA licensing model, recruiting young people to the profession and more during a wide-ranging presentation to the Accountants Club of America.
Deloitte unveiled a climate technology initiative Wednesday to accelerate development of ways to reduce carbon emissions while separately releasing reports on audit committee priorities, human capital and M&A trends. The climate technology effort, GreenSpace Tech by Deloitte, aims to help business clients access and select the right climate technology and
The Internal Revenue Service said Friday it recently completed making final corrections to the tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020. The American Rescue Plan Act of 2021, passed in March of that year, excluded up to $10,200 in 2020
Approved with unanimous bipartisan support from the Montana Legislative Audit Committee in December, a new bill would tighten state auditing rules, including adding penalties for state employees who do not comply with audits. Attached to the Montana legislature, which just started its 2023 session, the committee audits state government programs