A world view; muscle head; in the hunt; and other highlights of recent tax cases. Victorville, California: Former area tax preparer Stephen Jake McGonigle, 66, has been convicted for leading a multiyear tax fraud that spanned three continents and claimed more than $10 million from the IRS and dozens of
BMSS Advisors & CPAs, a Regional Leader based in Birmingham, Alabama, added Haddox Reid Eubank Betts PLLC, a firm based in Ridgeland, Mississippi, effective Dec. 1, 2023. The combined firm will have 32 partners, 125 CPAs and approximately 322 employees, and the two firms will consolidate under the name BMSS,
The Internal Revenue Service needs to do a better job of keeping track of employees who are arrested by law enforcement and notifying their colleagues, according to a new report. The report, released Monday by the Treasury Inspector General for Tax Administration, noted that the agency has a Post-Appointment Arrest
The Securities and Exchange Commission voted to approve a new standard for audit confirmations from the Public Company Accounting Oversight Board that updates a decades-old existing standard to recognize the use of technology for electronic confirmations. The PCAOB voted to adopt the audit confirmation standard in September. The new standard
Enjoy complimentary access to top ideas and insights — selected by our editors. There’s an old saying in the medical profession: “To be an excellent doctor, you must have three things: availability, affability and ability (in that order).” A doctor’s technical ability is actually the least important of the three
Eide Bailly, a Top 20 Firm based in Fargo, North Dakota, is adding High Plains Technology, a technology solutions company based in Sioux Falls, South Dakota, effective Jan. 8, 2024. The deal will add four partners and 14 staff to Eide Bailly’s Sioux Falls and Fargo offices. Financial terms were
Sanctions list; getting out of the Market; why oh Y; and other highlights of recent tax cases. Washington, D.C.: The IRS Office of Professional Responsibility has published recent tax professionals’ sanctions, including censure, suspension or disbarment from practice before the IRS (by certification, alphabetical by state and all dates this
Sanctions list; getting out of the Market; why oh Y; and other highlights of recent tax cases. Washington, D.C.: The IRS Office of Professional Responsibility has published recent tax professionals’ sanctions, including censure, suspension or disbarment from practice before the IRS (by certification, alphabetical by state and all dates this
As we approach the finish line for 2023 and your organization gets ready to start another year, take some time to celebrate and look back at what you accomplished. This year was transformative. It saw the emergence of artificial intelligence tools, increased cloud technology adoption rates, innovation to address staffing
Not every accounting firm wants to grow — and that’s fine, provided they can keep the revenue coming in and stay ahead of various kinds of attrition (among partners, staff and clients). If they can do that, they can keep making the money they make doing the work they do