For decades, the goal of increased government financial transparency has been widely shared across political parties and stakeholder groups. The Financial Data Transparency Act (S.4295), proposed by Sen. Mark Warner, D-Virginia, and Mike Crapo, R-Idaho, takes a major step toward openness and accessibility by directing seven financial regulators, including the
Accounting solutions software provider Xero announced the appointment of Sukhinder Singh Cassidy as the company’s next CEO. Starting in February next year, she will succeed Steve Vamos who, after serving almost five years as CEO, is retiring from the role and plans to return to his previous portfolio in business
Wolters Kluwer announced new, enhanced collaboration features as part of the latest release of CCH Axcess Client Collaboration. The new capacities, in general, relate to tracking and exchanging documentation between clients and accountants. Specifically, the new software provides a single, secure portal where clients can upload and share all documentation
Two weeks ago Lorraine Beste took a leap and wrote a column for Accounting Today about how accounting firms are not getting it about oppressive tax season hours. I thought her article hit every issue on the head and, while I have posted many columns on that topic, hers seemed
The Indiana CPA Society outlined three strategies to remove barriers for aspiring CPAs and help them make an impact in the profession, all while navigating a challenging marketplace. In 2021, the organization had already suggested three strategies to grow the talent pipeline in high schools, which included launching new high
Private equity firms have been doing more investment deals in the accounting profession lately, causing some firms to restructure their practices, and they’ve needed advice from law firms on how to set up their attest practices in a way that doesn’t run afoul of regulators. Hunton Andrews Kurth, a law
Better taxpayer service — especially with communities with limited English — and continuing input from tax professionals are two main goals for next year of the IRS Independent Office of Appeals. “Ensuring that taxpayers and practitioners are satisfied with the appeals process is an ongoing goal for us,” said Shahid
Details: Baker Tilly US LLP, a Top 10 Firm based in Chicago, is expanding to the Southwest part of the U.S. by adding Henry+Horne LLP, a Regional Leader headquartered in Tempe, Arizona, effective Dec. 1. Financial terms of the deal were not disclosed. Baker Tilly ranked No. 9 on Accounting
President Joe Biden’s threat to slap a tax on oil-company profits is more bluster than threat as the clock runs out on the administration’s efforts to tame fuel prices ahead of midterm elections. Democrats have tried, and failed, for more than a decade to impose a so-called “windfall” tax on
Blucora sells off TaxAct for $720M, rebrands as Avantax Blucora, a Dallas-based public company that owns the TaxAct tax prep software business as well as the Avantax financial planning and wealth management business, said Tuesday it is selling TaxAct to an affiliate of Cinven, a U.K.-based private equity fund for