The Internal Revenue Service needs to do a better job of keeping track of employees who are arrested by law enforcement and notifying their colleagues, according to a new report. The report, released Monday by the Treasury Inspector General for Tax Administration, noted that the agency has a Post-Appointment Arrest
The Securities and Exchange Commission voted to approve a new standard for audit confirmations from the Public Company Accounting Oversight Board that updates a decades-old existing standard to recognize the use of technology for electronic confirmations. The PCAOB voted to adopt the audit confirmation standard in September. The new standard
Enjoy complimentary access to top ideas and insights — selected by our editors. There’s an old saying in the medical profession: “To be an excellent doctor, you must have three things: availability, affability and ability (in that order).” A doctor’s technical ability is actually the least important of the three
Eide Bailly, a Top 20 Firm based in Fargo, North Dakota, is adding High Plains Technology, a technology solutions company based in Sioux Falls, South Dakota, effective Jan. 8, 2024. The deal will add four partners and 14 staff to Eide Bailly’s Sioux Falls and Fargo offices. Financial terms were
Sanctions list; getting out of the Market; why oh Y; and other highlights of recent tax cases. Washington, D.C.: The IRS Office of Professional Responsibility has published recent tax professionals’ sanctions, including censure, suspension or disbarment from practice before the IRS (by certification, alphabetical by state and all dates this
Sanctions list; getting out of the Market; why oh Y; and other highlights of recent tax cases. Washington, D.C.: The IRS Office of Professional Responsibility has published recent tax professionals’ sanctions, including censure, suspension or disbarment from practice before the IRS (by certification, alphabetical by state and all dates this
As we approach the finish line for 2023 and your organization gets ready to start another year, take some time to celebrate and look back at what you accomplished. This year was transformative. It saw the emergence of artificial intelligence tools, increased cloud technology adoption rates, innovation to address staffing
Not every accounting firm wants to grow — and that’s fine, provided they can keep the revenue coming in and stay ahead of various kinds of attrition (among partners, staff and clients). If they can do that, they can keep making the money they make doing the work they do
The Internal Revenue Service may randomly phone tax professionals for a survey between Nov. 27 and Jan 19, 2024. “This is not a scam. Please don’t hang up,” the agency said in an announcement about the survey. “Responses will help the IRS improve services to the tax pro community and
Think about the typical cryptocurrency investor. What comes to mind? Maybe someone young, tech-forward and college educated, with lots of disposable income. While this may have held true before, recent data indicates there is little separating today’s cryptocurrency investor from holders of any other asset. A study published by the