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
Baker Tilly, a Top 10 Firm based in Chicago, plans to acquire Hancock Askew & Co. LLP, a Regional Leader based in Savannah, Georgia, expanding Baker Tilly’s presence in Georgia and Florida. Hancock Askew has offices in Savannah, Atlanta and Augusta, Georgia, along with Tampa, Jacksonville and Orlando, Florida. Financial
For accountants who have clients with multiple entities, one of the biggest bottlenecks occurs in multi-entity consolidation. This challenge is especially pronounced in one sector in particular: family offices. Why is that, and how can you, as their trusted advisor, help combat the issue? The rise of multi-entity organizations To
While much has happened during the past few years, and significant change lies immediately ahead, there is little that is new in the upcoming tax season. However, beneficial ownership reporting and tariffs — which are not part of the typical issues that preparers deal with — are visible on the
An indictment unsealed last week in federal court in Central Islip, New York, charges Keith Williams, Janine Davis (a.k.a. “Holiday Davis”), Morais Dicks, James Hames Jr. (a.k.a. “Poppa J”), Jamari Lewis, Ewendra Mathurin (a.k.a. “Rayda Mathurin”) and Tiffany Williams (a.k.a. “Joy Williams”) with conspiracy to defraud the U.S., wire fraud