Implications of a big leak; taxing multinationals; better current than new clients; and other highlights from our favorite tax bloggers. Money troubles The Tax Times (https://www.thetaxtimes.com): A look at recent reports that private wealth clients, hedge fund managers, cryptocurrency traders and other well-heeled heels are skipping out to Puerto Rico
The Institute of Management Accountants is objecting to the possible elimination of management accounting from the future courses required for students pursuing a career in accounting. The American Institute of CPAs and the National Association of State Boards of Accountancy are set to unveil the model accounting curriculum they have
Congress introduced bipartisan legislation Friday to recognize accounting as part of the STEM programs in schools, as part of the science, technology, engineering and mathematics curricula. Rep. Victoria Spartz, R-Indiana, and Haley Stevens, D-Michigan, introduced the Accounting STEM Pursuit Act, which would amend the Student Support and Academic Enrichment Grant
The Governmental Accounting Standards Board released updated implementation guidance for its leases standard, which is going into effect soon, along with other accounting standards for state and local governments. The updated guidance, posted by GASB last week, provides information in the form of questions and answers on various topics, including
Leadership and management consulting firm ConvergenceCoaching has announced its 2020-21 Spring Transformational Leadership Program graduating class. The annual program hosts high-potential candidates from CPA firms who have completed ConvergenceCoaching’s one-year program that helps “future leaders honestly identify their strengths and areas for improvement…and prepare to take on meaningful roles in
Two-state two step; primed for prison; contemptible; and other highlights of recent tax cases. Bella Vista, Arkansas: Angel Denette Cameron, from Louisiana, has been sentenced to 66 months in prison to be followed by three years of supervised release on one count of false claims against the U.S., one count
Five Indiana accounting students representing four local universities were awarded the Indiana CPA Society’s 2021-22 Indiana CPA Educational Foundation Scholarship, receiving $8,500 in total. The scholarship provides financial assistance to Indiana CPA Society student members pursuing an accounting major and ultimately CPA licensure. The Indiana Statehouse at twilightWasin Pummarin/f11photo –
Without marquee clients, your firm is destined to have a client base that consists of small and midsized companies that have steady, but low-margin fees today and steady, but low-margin fees tomorrow. Without such clients, you will be stuck in gear as a merely good firm. On the other hand,
SD Mayer & Associates, a firm in San Francisco, is adding TNT Inc. CPAs, headquartered in Redwood City, California, effective July 1. The deal promises to expand SD Mayer’s presence further in Silicon Valley, bringing in more than 100 high-net-worth and business clients. The firm recently expanded its Menlo Park
The Group of Seven rich nations secured a landmark deal that could help countries collect more taxes from big companies and enable governments to impose levies on U.S. tech giants such as Amazon Inc. and Facebook Inc. The agreement by the G-7 finance ministers in London satisfies a U.S. demand