Wondering which category of staff is most likely to leave your firm? Look to the middle, suggest the results of an ongoing survey. “Who’s most likely to leave? Directors, senior managers and managers,” Seth Fineberg, the founder of consultancy Accountants Forward, told the attendees of the second annual Bridging the
The new presumptive presidential nominee for the Democratic Party carries a long paper trail in tax policy. That history may alter the debate in a pivotal election ahead of a looming deadline next year. President Joe Biden’s decision to leave the race and endorse Vice President Kamala Harris sets her
You need to be on your toes if you work in sales tax, as states are known to make substantial sales tax policy changes with little to no notice. Vermont, North Carolina, New Jersey and Ohio provide standout examples this summer. Vermont taxes remotely accessed prewritten software, short-term rentals On
The Internal Revenue Service’s final regulations on new and previously owned clean vehicle credits along with the transfer of eligible credits took effect July 1, and accounting firms are helping clients take advantage of the tax incentives. “When I’m talking to clients, often the questions are really, am I eligible?
Plante Moran, Southfield, promoted to partner: Matthew Bohdan, risk and accounting advisory services, Southfield; Eric Bowers, Plante Moran Financial Advisors, East Lansing; Amanda Carrigan, risk and accounting advisory services, Denver Tech Center; Alicia Cole, wealth management, Detroit; Ben Cote, tax, Denver Tax Center; Adam Counts, assurance, Southfield; Ryan Defer, tax,
Go Pats; on the hook; two down; and other highlights of recent tax cases. Buxton, Maine: Christine Bangs has been sentenced to a year and a day in prison to be followed by three years of supervised release for wire fraud and for making and subscribing a false return. From
Grant Thornton’s UK arm is considering a potential stake sale, people with knowledge of the matter said, at a time when an influx of investors is accelerating growth in the professional services sector. Grant Thornton UK — which provides accounting, tax and advisory services — is working with advisers at
KPMG topped the charts for the net new Securities & Exchange Commission clients in the first quarter of 2023, bringing on 17 new engagements and netting 12. Fellow Big Four firm Deloitte actually brought on more new engagements, with 21, but netted fewer, with nine. (See “Net engagement leaders.”) Among
The Internal Revenue Service warned Monday about bad advice that’s being peddled on social media promoting a bogus “Self Employment Tax Credit” and prompting unsuspecting taxpayers to file false claims for the credit. The promoters claim the credit is available to self-employed people and gig workers and suggest they may
Anyone in the accounting profession with a whit of human intelligence knows by now that artificial intelligence will transform the industry over the next few years. This might be the most important way: It’s going to de-value commoditized “bean counting” functions and accelerate the need for firms to position themselves