Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Almost every CPA firm owner I know ends up having the same conversation sooner or later. What is our firm worth? Sometimes it happens because someone is thinking
Ghost payroll; non-existent businesses; save you from paying; and other highlights of recent tax cases. Processing Content Grand Rapids, Michigan: James Phillip Scholten, 51, of Byron Center, Michigan, was sentenced to 20 months in federal prison for tax evasion. Additionally, Scholten was ordered to pay restitution to the IRS in
The Internal Revenue Service established a program to allow corporate taxpayers to request rulings on certain significant issues. Processing Content Revenue Procedure 2026-21, released last week, sets up a significant issue ruling program to allow taxpayers to request rulings on one or more issues that: Are solely under the jurisdiction
The Trump administration is in the process of issuing more than $35.5 billion to importers who successfully filed for tariff refunds after the U.S. Supreme Court found the president’s signature economic policy unlawful, according to a new court filing. Processing Content The payments are being processed through a new online
Intuit has expanded further into payroll, time tracking, benefits, onboarding and other human capital needs through the release of its new solution, QuickBooks Workforce. Processing Content The platform, built on the technology of the GoCo HR platform Intuit acquired last year, automates the workforce management needs of small and mid-market
Financial conquest; getting plastered; Bill of Information; and other highlights of recent tax cases. Processing Content New Orleans: Amanda Wilkerson, 57, a resident of Marrero, Louisiana, pleaded guilty to a bill of information charging her with one count of failure to pay over payroll/trust fund taxes, one count of failure
Aprio will acquire Phoenix-based accounting and advisory firm Price Kong, effective June 1. Processing Content The deal expands the Top 20 Firm’s Arizona presence and adds accounting, audit and advisory services to Aprio Legal‘s existing footprint. It also marks the firm’s entry into the cannabis industry. Aprio CEO and managing
Accounting firms are starting to see an increase in scams involving the CP53E notices that the Internal Revenue Service has been sending to taxpayers this year when they don’t provide their direct deposit information. Processing Content In recent days, at least two Top 100 Firms — Grassi and CBIZ —
Top 25 Firm Ascend today acquired Montgomery, Alabama-based Jackson Thornton. Processing Content Jackson Thornton is an Accounting Today Gulf Coast Regional Leader, with six offices across the state and over $41 million revenue. The deal adds 30 partners and over 160 employees to Ascend. Terms of the deal were not
Rep. Kristen McDonald Rivet, D-Michigan, introduced the Working Parents Tax Relief Act, which would expand the Earned Income Tax Credit by giving parents up to an additional $5,500 per child under the age of four, for up to a maximum of three children and increasing the maximum qualifying income for