Artificial intelligence has been everywhere in the accounting profession lately, to much joy or consternation, depending on who you ask, but regardless of how one feels about it, there are always a lot of questions. During small business platform Xero’s annual Xerocon event in Nashville this week, Jason Staats—a CPA,
TEXAS Lane Gorman Trubitt, Dallas, announced promotions; in the assurance services department: Ben Killian, Blondel Katongola, Dimpi Patel, and Michael Song to staff II; Gustavo Dominguez, Kiara Rolen, and Molly Vezinot to senior I; Sanica Huang and Amanda Nation to senior II; Eric Motte to supervising senior; Jeff Fisher to
Diya Jolly, Xero’s chief product and technology officer, announced several new products and enhancements aimed at the three critical jobs CEO Sukhinder Singh Cassidy had previously outlined (see previous story). She spoke during Xero’s annual Xerocon event in Nashville today. One was an enhanced bank feed experience that bolsters the
Tax pros have another tool against ID thieves and data breaches: a newly updated Written Information Security Plan from the Internal Revenue Service. The 28-page plan — a.k.a. a WISP — from the IRS and Security Summit partners is designed to help tax pros, particularly smaller practices. It was developed
Woolston Consulting Group LLC, Red Bank, is merging with the accounting practice of William C. McNamara to create Woolston, Jensen & McNamara. The combined firm will offer a range of services, from tax management and accounting services for individuals to estate and trust planning and compliance, as well as strategic
Individuals and businesses in four states affected by Hurricane Debby — South Carolina, North Carolina, Florida and Georgia — now have until next February to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency.
Honkamp, a Regional Leader based in Dubuque, Iowa, merged in the Brems Group, a CPA firm with offices in Cedar Rapids and Coralville, Iowa, effective Aug. 1. After the merger, the Brems Group’s 20 employees and firm leaders Jim Brems, Brian Coller and John Warren will continue to operate out
The Treasury Department and the Internal Revenue Service said Friday that Connecticut will be the latest state to join the IRS Direct File program for free tax preparation. Last week, New Mexico joined the roster after Oregon, New Jersey and Pennsylvania also joined in recent weeks and months after 12
Tax Fraud Blotter: State of crisis Fictitious relatives; countless meals; the road to Morocco; and other highlights of recent tax cases. Kennedale, Texas: Tax preparer Anthony “Tony” Floyd, 51, who previously pleaded guilty to a $2.6 million tax fraud, has been sentenced to 77 months in prison. He filed some
The IRS has quashed any remaining hope that it would alter its new guidelines for inherited individual retirement accounts, ending the “stretch” strategy for most beneficiaries. With its finding in rules issued last month that tax revenue-raising provisions of the 2019 Secure Act require so-called noneligible beneficiaries who have inherited