Last week I wrote about the potential difficulties faced by sole practitioners and small partnerships in eventually selling their practices. It elicited many comments, some of which had to do with the difficulties in managing their practices, and I am addressing today. Some readers affirmed the difficulty in selling their
House Democrats delivered the final votes needed to send President Joe Biden a slimmed-down version of his tax, climate and drug price agenda, overcoming a year of infighting and giving themselves a cornerstone achievement to campaign on for the November congressional election. The legislation passed the House Friday on a
Big Four accounting firm KPMG LLP nominated Derek Thomas as national partner-in-charge of the firm’s university talent acquisition. Thomas joined the firm in 2000 as a senior associate before working for KPMG’s federal audit practice three years later. Eager to expose himself to a different field and using his experience
The Trump Organization and its longtime chief financial officer, Allen Weisselberg, will go on trial Oct. 24 on tax fraud charges, after a New York state judge rejected their request to dismiss the case. The ruling and trial date capped a week of legal threats for Donald Trump. While he
Under the Inflation Reduction Act, both existing and expired energy efficiency tax incentives for commercial and multifamily building owners, investors, developers and homebuilders have been expanded significantly. Increase and expansion of 179D tax deduction The already permanent 179D tax deduction has been significantly increased from the current maximum of $1.88
The AICPA and CPA.com are seeking applicants for its 2023 Startup Accelerator program. This year they are particularly interested in companies that specialize in accounting, tax, fintech, regtech and ESG solutions. The 2023 program is open to startups around the world so long as they have a working product or
Dragging myself to work the other day, I couldn’t help but laugh when the Alan Jackson classic, “Ain’t No Cure for the Summertime Blues,” came on my car radio. With a heat wave gripping large swaths of the country, the economy tiptoeing around a recession, and CPAs grinding through a
A group of seven Microsoft Dynamics resellers — normally fierce rivals — have put aside their differences to aid their Ukrainian team members amid the Russian invasion. Taking part in this effort are ArganoArbela, Clarity, Global Mediator, OntargIT, and VAR 100 firms SIS and Smart Business, all of whom have
Robert Brockman, who built a multibillion-dollar fortune as a software entrepreneur and investor before he was indicted in a landmark tax-evasion case, has died. He was 81. Brockman, who was suffering from dementia and undergoing home hospice care, died late Friday, said Kathy Keneally, his attorney. He’d been fighting tax-evasion
All Bonadio Group offices were closed on Friday, as the CPA firm celebrated its fifth annual Purpose Day. This tradition encourages staff members to spend a day volunteering at various charitable organizations, and over 560 staff members participated across New York State. “Just as with our client relationships, the Bonadio