Wipfli LLP, a Top 20 Firm based in Milwaukee, has acquired the risk management and loan review services divisions of Sheshunoff Consulting + Solutions. The deal will add 79 associates, but no partners, to Wipfli’s risk management and loan review services team, expanding it to over 210 associates. It will
Despite the numerous warnings from the Internal Revenue Service, the American Institute of CPAs, and various tax practitioner groups, advertisements for employers to take advantage of the Employee Retention Credit continue to proliferate. Unscrupulous promoters advertise that just about anybody qualifies. Stories abound of employers “ERC shopping” where, after a
Enjoy complimentary access to top ideas and insights — selected by our editors. Public accounting is a growth profession. Accounting Today’s annual lists of the Top 100 Firms bear this out. However, a close look at the lists show that the 5th to 100th largest firms are growing much more
The Securities and Exchange Commission is facing a lawsuit filed Friday by a group of financial industry trade associations over its recently approved private fund advisor rule, which would require more disclosures of fees and expenses and annual audited financial statements of private equity and hedge funds. The Managed Funds
After his older brother, Seth Siegel was only the second person in his family to graduate from college. Seeing his sibling succeed in the world of finance made him realize that it offered the financial and job stability that his family never got to enjoy, and Siegel ended up pursuing
The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over $10,000, starting Jan. 1, 2024. The IRS said Wednesday that businesses will need to e-file Form 8300, Report of Cash Payments Over $10,000, as opposed to a paper return in
Accounting firms have been facing problems in filling their open positions as the number of new accountants declines, and one solution may involve rehiring past employees who left for other firms and then decided they didn’t like it in the new workplace after all. The Bonadio Group, a Top 50
The interest rates that the Internal Revenue Service uses will rise for the quarter beginning Oct. 1, the agency said. For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily. Other new rates include: 8% for overpayments (exceeding the amount owed); 7% for corporations, or
The interest rates that the Internal Revenue Service uses will rise for the quarter beginning Oct. 1, the agency said. For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily. Other new rates include: 8% for overpayments (exceeding the amount owed); 7% for corporations, or
The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions. The IRS said Friday that it’s providing an administrative transition period that extends until 2026 a new provision under last December’s SECURE 2.0 Act requiring that any catch-up contributions made by