The House Ways and Means Committee passed a set of bipartisan bills aimed at improving tax filing and administration at the Internal Revenue Service. Two of the bills, which were backed by the American Institute of CPAs, would treat electronic tax filing and payments the same as paper equivalents and
Matt Miner Matt Miner was appointed vice chair, legal, regulatory and compliance, and general counsel at KPMG, New York, effective Feb. 28. CohnReznick, New York, announced leadership changes: Mike Barber to office managing partner, Texas; Brett Burgan to restructuring and dispute resolution practice leader; Eric Danner to lead the restructuring segment
Careless; the PTIN shuffle; time for Time; and other highlights of recent tax cases. Washington, D.C.: Recent IRS Office of Professional Responsibility disciplinary sanctions include censure, suspension or disbarment from practice before the IRS. Individuals disciplined include (all dates 2024): Milton, Georgia: CPA Peter J. Tarantino, indefinite from July 22.
President Donald Trump’s Small Business Administration told probationary staff members it had mistakenly sent them termination notices, and then informed some of them the next day that they were fired after all. “Probationary employees across the Small Business Administration may have received an unsigned notice of employment termination,” according to
Baker Tilly, a Top 10 Firm based in Chicago, said Tuesday it intended to acquire CironeFriedberg, a firm based in Bethel, Connecticut, marking its second acquisition this month, fueled by private equity funding. Baker Tilly sees the acquisition as bolstering its presence in the Northeast, creating connections between its New
President Donald Trump’s tax cut wish list would cost the federal government between $5 trillion and $11.2 trillion in lost revenue over the next decade, according to a new analysis from a budget watchdog group. The Committee for a Responsible Federal Budget, which advocates for shrinking deficits, estimated the bulk
President Donald Trump’s tax cut wish list would cost the federal government between $5 trillion and $11.2 trillion in lost revenue over the next decade, according to a new analysis from a budget watchdog group. The Committee for a Responsible Federal Budget, which advocates for shrinking deficits, estimated the bulk
Every year during tax season, finance professionals handle an influx of sensitive financial and personal information passed along by their clients. Although most CPAs and accountants excel at processing this information, as well as other data related to their field, they’re typically not experts in cybersecurity. As our technology-driven world
The American Institute of CPAs is planning to revise its independence rules amid the wave of private equity investments in accounting firms. In recent years, there has been a rising wave of PE firms buying stakes in CPA firms, prompting many of the firms to set up alternative practice structures,
Early in my career, I was doing well at a midsized accounting firm. But one thing struck me as absurd. There was constant pressure on my team and me to hit a certain number of billable hours — a lot of billable hours! In effect, the longer it took us