The National Association of State Boards of Accountancy and the American Institute of CPAs have released a notice updating candidates on the transition policy that will impact the 2024 Uniform CPA Examination. The 2024 changes are a result of the new CPA Evolution model, which aims to better prepare CPAs
Surrogate scam; truck stop; the nose job; and other highlights of recent tax cases. Las Vegas: Tax preparer Jesus S. Castro, 39, has been sentenced to 46 months in prison for failing to collect and pay over federal employment taxes, causing a tax loss to the IRS of more than
The interest rates the Internal Revenue Service uses will go up for the quarter beginning April 1, the agency said. The rates will be: 4% for overpayments (3% in the case of a corporation); 1.5% for the portion of a corporate overpayment exceeding $10,000; 4% for underpayments; and, 6% for
Andrew Gragnani, the new president of Mayer Hoffman McCann, has plans to increase the firm’s national presence, including acquiring other accounting firms. MHM, a Top 10 Firm in Cleveland that operates in an alternative practice structure with the publicly traded financial services company CBIZ, announced Gragnani’s appointment earlier this month,
In order for tax season to be successful, everyone must follow the system. Last week I received two calls about managers that are not following their firm’s system, and are working as Lone Rangers, and I am sharing my comments here. In one case the manager either isn’t listening or
CPA Exam prep course and continuing professional education provider Becker Professional Education has announced its new Leading Change for a Diverse and Inclusive Workplace Certificate. Designed for accounting and finance leaders, the five-course, eight-credit continuing professional education (CPE) course aims to teach managers how to implement more diversity, equity, belonging
Republican members of the Senate Finance Committee have written to Treasury Secretary Janet Yellen asking her to keep both parties in Congress involved in negotiations on a global minimum tax, arguing that such a tax would apply more broadly than originally thought. The letter, sent Wednesday, comes after a prior
The International Ethics Standards Board for Accountants proposed a set of revisions Friday to the International Code of Ethics for Professional Accountants (including International Independence Standards) to address the impact of technology innovation on the profession. The exposure draft with proposed technology-related revisions to the ethics code aims to guide
Avalara certified 20 more application integrations with its own tax compliance software Thursday, including several accounting, enterprise resource planning, e-commerce, point-of-sale, mobile commerce and customer relationship management systems. Avalara said its certified integration partners have met criteria developed by the company for performance and reliability. The software integrations allow users
Hutchinson and Bloodgood LLP has combined with Damitz, Brooks, Nightingale, Turner and Morrisset in Santa Barbara, California, effective Jan. 1, 2022. H&B was founded in 1922 and provides accounting, tax compliance, audits, reviews and compilations, along with advisory services including strategic planning, succession planning, estate planning, financial forecasts and projections,