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
The Securities and Exchange Commission abruptly removed William Duhnke as chairman of the Public Company Accounting Oversight Board on Friday. As part of the shakeup, PCAOB board member Duane DesParte will become acting chair, but the SEC plans to replace the entire slate of all five board members. The SEC’s
Joshua Graham was hired as a tax partner in the commercial real estate practice at CohnReznick, Chicago. Baker Tilly US, Chicago, admitted 24 new partners; in Madison, Wisconsin: Paul Bishop, tax – manufacturing and distribution and Cory Wendt, consulting – Baker Tilly Digital; in Lancaster, Pennsylvania: Kerri Bogda, tax –