Service with a smell; disclosure expectations; new to us; and other highlights from our favorite tax bloggers. Big days The Tax Professional (http://thetaxprofessional.blogspot.com/): The blogger doesn’t oppose requiring PTIN holders to complete a minimum number of CPE hours in federal income taxation to maintain their PTIN. The blogger does oppose
Nearly one out of five accountants who identified as LGBTQIA left the accounting profession because of a lack of diversity, equitable treatment or inclusion, according to a recent study. The study, released in February by the Institute of Management Accountants and the California Society of CPAs, found that only about
The Internal Revenue Service posted new rules Friday for multiemployer qualified retirement plans that have run into funding problems and need extra financial help from the Pension Benefit Guaranty Corporation. The guidance in Notice 2021-38 also aims to help the participants and beneficiaries in such plans in accordance with provisions
When the PCAOB released Auditing Standard 3101: The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion in 2017, it was said the inclusion of critical audit matters (CAMs) in the auditor’s report was the most significant change to the audit report in more
Top 20 Firm Dixon Hughes Goodman raises more than $160,000 to fund scholarships in partnership with the National Association of Black Accountants; the Deloitte Foundation partners with Ohio State University on diversity scholarships; and Cincinnati-based firm Barnes Dennig plans annual Outreach Day for Oct. 22.
The Value Reporting Foundation, formed by last month’s merger of the Sustainability Accounting Standards Board with the International Integrated Reporting Council, is advancing development of environmental, social and governance standards as financial regulators press for improved ESG reporting. The SASB Standards Board held its first public meeting Thursday under the
KPMG has been increasing its efforts to provide environmental, social and governance services to clients through a new initiative called KPMG Impact. The team will help clients improve their ESG performance while also carrying out KPMG’s own ESG commitments. Last year, KPMG U.S. worked with other businesses, investors, standard-setters, non-governmental
The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected. Not only do the new leases standards, FASB’s ASC 842 and GASB’s Statement No. 87, require entities to put operating leases on
Staff continually are being promoted to partners. There are many qualities that make a partner and many times it is not one big thing but many small things. Here are some qualities of some people that became partners at Withum. Each incident is not an aha moment, but these are
Part of Allen Weisselberg’s legal troubles began when his former daughter-in-law couldn’t get the numbers in her divorce proceedings to add up. Jennifer Weisselberg says she was befuddled. The lifestyle she’d shared with her ex-husband, Barry Weisselberg — including an apartment overlooking Central Park and tuition for two children at