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
I believe I am one of the top experts on tax season management. I have been presenting live programs throughout the United States and webinars to attendees from over 30 counties for over 40-years. I have written a book on Managing Tax Season for the AICPA that had three editions
Many companies have benefited from federal government relief acts and programs such as the American Rescue Plan or the Provider Relief Funds during the pandemic. But if they are a nonfederal entity that spent $750,000 or more in federal funds during a fiscal year, they will be required to have
The flow of money from private foundations to donor-advised funds has jumped substantially in recent years, highlighting the increasing use of a controversial loophole in charitable law, a new audit shows. Private foundations, which many wealthy people use to administer their philanthropy, gave $1.68 billion to a group of DAF