The Internal Revenue Service and the Treasury Department are giving investment brokers more time to report information on transactions involving digital assets such as cryptocurrency. They announced Friday that brokers are not required to report additional information with respect to dispositions of digital assets until final regulations are issued under
What a load; slip and falls; bless this cell; and other highlights of recent tax cases. Damascus, Oregon: Rebekah Joy Williams, former owner and general manager of local dump truck hauling and concrete companies, has pleaded guilty to failing to pay employment taxes. Williams owned and operated Anbasa Transport and
As CPAs, we live in a fast-moving, highly complex world. Ironically, one of the hardest things we have to do is make things simpler. But simplicity is what allows us to declutter our minds so we can stay laser focused on the few things that really matter to our clients,
A House committee voted to release Donald Trump’s tax information to the public, capping a three-year legal saga initiated by Democrats to obtain and release the former president’s closely held financial documents. House Ways and Means Chairman Richard Neal released a report about the Internal Revenue Service’s audits of Trump’s
Just as opportunities for growth for accounting firms are multiplying, so two are the complexities that go along with building a successful practice. With that in mind, Accounting Today is happy to announce a new event aimed at helping accounting firms grow. This new event will bring together pioneering practitioners,
Sikich, Chicago, elected 18 new partners, effective Jan. 1, 2023, as CPAs: Nick Bava, Kim Borak, Chris Doemland, Tim Gaber, Allan Lyon, John Mazurek, Brooks Walker, Mike Wolf and Andy Wright; in technology: Michael Bell and Clinton Weldon; in advisory: Rahul Bhatia, Ken Cranney, Kurt Estes, Shane Flynn, Henry Mossi,
The Committee of Sponsoring Organizations of the Treadway Commission selected Lucia Wind, vice president of internal audit at the technology company Unisys, as its next board chair, succeeding Paul Sobel, for a three-year term starting Jan. 1, 2023. She will be responsible for leading COSO in offering thought leadership on
The Committee of Sponsoring Organizations of the Treadway Commission selected Lucia Wind, vice president of internal audit at the technology company Unisys, as its next board chair, succeeding Paul Sobel, for a three-year term starting Jan. 1, 2023. She will be responsible for leading COSO in offering thought leadership on
A bipartisan group of senators proposed a bill that, if passed, would expand current Bank Secrecy Act rules to those involved in digital assets like cryptocurrencies, among other changes aimed at discouraging their use in money laundering. Titled the Digital Asset Anti-Money Laundering Act — sponsored by U.S. Sens. Elizabeth
Carr, Riggs & Ingram LLC, a Top 25 Firm based in Enterprise, Alabama, has expanded its footprint to South Carolina by merging in the Lanning Group LLC, a firm based in Mount Pleasant in the Charleston suburbs. Financial terms were not disclosed. CRI ranked No. 22 on Accounting Today’s 2022