Albany, New York-based BST & Co. CPAs LLP has transferred its wealth management clients to Dopkins Wealth Management, a registered investment advisory firm owned by the partners of Dopkins & Co. LLP, a CPA firm headquartered in Buffalo. The firms have agreed to a revenue-sharing arrangement under which BST will
The Committee of Sponsoring Organizations of the Treadway Commission is working with the National Association of Corporate Directors to develop a corporate governance framework that they hope will be as widely adopted as COSO’s internal controls and enterprise risk management frameworks. The project is still in its early stages, but
Mule the merrier; cashing out; going for the gold; and other highlights of recent tax cases. Jacksonville, Florida: Tax preparer Iona Coates has been sentenced to two years in prison for a scheme to file false returns and to two years in prison for an unrelated online romance scam, the
The House passed legislation Wednesday evening reviving a number of tax breaks, including the enhanced Child Tax Credit, the ability to fully deduct research and development expenses in the first year, 100% bonus depreciation, disaster tax relief, improvements in the Low Income Housing Tax Credit, interest expensing and a tax
Incentives and resistance; inspiring staff ambition; the keys to change; and other highlights from our favorite tax bloggers. To put it simply Taxable Talk (http://www.taxabletalk.com/): Favorite headline of the week: “IRS Announces Simple Notice Initiative; Boy, Is It Needed.” Gordon Law (https://gordonlawltd.com/blog/): There’s been an increase recently in IRS CP2000
First, a quick complaint: Every year in December, we reach out to accounting firms all across the country to participate in our Top 100 Firms and Regional Leaders survey. This means researching potential firms to consider, and that means looking at scores and scores of firms’ websites, to determine if
The Public Company Accounting Oversight Board announced $590,000 in fines on Top 100 Firm Haynie & Co. and some of its partners as part of a settled disciplinary order, and also sanctioned Jack Shama and his eponymous CPA firm. In the case of Salt Lake City-based Haynie, in addition to
The Internal Revenue Service and tax professionals are preparing for the start of tax season Monday, hoping for a smooth filing season like last year, although last-minute tax law changes are possible thanks to a deal working its way through Congress to revive tax breaks like a more generous Child
The accounting profession has faced many changes in the last several years that all point to a need for strong leaders. Baby boomers are retiring in record numbers and firms are navigating business model, talent and technology disruptions. A common question we hear is, “Are leaders born or made?” Can
Businesses are likely to see more sales tax audits in 2024 as a result of changes happening across the states, according to a new report. The report, released Monday by tax compliance technology provider Avalara, found that new technology developments in areas like artificial intelligence are forcing legislators to re-evaluate