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Featured….
Aldrich Acquires HMA CPA in Washington
Atlanta CPA Heading to Federal Prison For Tax Shelter Scheme
LGA Joins Forces With Comolli & Co. in New Hampshire
Using Work-Life Harmony to Thrive in the AI Era
Contributors….
Randy Johnston
Brian Tankersley
Darren Root, CPA, CITP, CGMA
Becky Livingston
Ken Berry, JD
Webinars and CPE….
CPE Webcast Dec. 11 – Not Just for the Rich: Using Charitable Giving Techniques to Solve Real-World Tax and Financial Planning Problems
CPE Webcast Nov. 18 – The Thriving Tax Office: Firm Modernization
Events….
Accounting
Intuit Connect 2024 – Oct. 28-30
Get inspired by influential speakers and expert-led sessions on topics such as QuickBooks tools and services, Mailchimp, firm growth, client advisory, and more.
SYNERGY 2024 Conference – Nov. 6-9, 2024
From AI-driven solutions to cutting-edge advancements in digital transformation, find out what’s next from Thomson Reuters at SYNERGY 2024
IRS Releases 401(k), IRA Contribution Limits For 2025
The 401(k) contribution limit will increase to $23,500 next year, the IRS says, but the IRA contribution limit will stay at $7,000.
Inspiration, Education, and Primo Networking: Intuit Connect Continues to be THE Event for Accounting Professionals
The name change to Intuit Connect encompassed the integrated platform’s ability to help businesses start up and scale up, with accountants as the key advisors who, along with the QuickBooks ecosystem, guide their clients to growth.
Last Chance to Nominate for 2024 “40 Under 40” and “20 Under 40” Awards
The 40 Under 40 Awards spotlight the top practicing public accountants, educators and thought leaders who are leading their profession by visibly and incrementally changing the accounting profession.
Firm Management
Aldrich Acquires HMA CPA in Washington
The top 70 accounting firm is venturing into the Spokane and Coeur d’Alene area in the Inland Northwest after adding HMA CPA.
Accounting
Atlanta CPA Heading to Federal Prison For Tax Shelter Scheme
Herbert Lewis was sentenced in federal district court Nov. 1 to 28 months and ordered to pay almost $4.9 million in restitution.
Firm Management
LGA Joins Forces With Comolli & Co. in New Hampshire
The move accelerates the top 200 firm’s growth in New Hampshire and expands its ability to offer enhanced services to clients.
Accounting
Using Work-Life Harmony to Thrive in the AI Era
With artificial intelligence and automation reshaping our profession, it’s easy to feel like we’re caught in an influx of change. But this transformation isn’t just about technology. It’s an opportunity to redefine what success looks like for us professionally and personally.
Firm Management
Final 12 Teams Announced for Grant Thornton Invitational Golf Tournament
The invitational is a mixed-team Challenge Season event that will see 16 LPGA Tour and 16 PGA TOUR professionals compete together in a unique co-sanctioned tournament.
Small Business
Inspiration, Education, and Primo Networking: Intuit Connect Continues to be THE Event for Accounting Professionals
The name change to Intuit Connect encompassed the integrated platform’s ability to help businesses start up and scale up, with accountants as the key advisors who, along with the QuickBooks ecosystem, guide their clients to growth.
Firm Management
Whitley Penn Announces New Leadership
Whitley Penn Chief Executive Officer, Larry Autrey, CPA, ABV has announced executive leadership transitions for the firm effective January 1, 2025.
Taxes
Trump to Reshape U.S. Economy With Tariffs, Crackdown on Migrants
Trump also promised sweeping tax cuts during the campaign that culminated in his victory over Vice President Kamala Harris.
Firm Management
GHJ Joins Forces With Fellow L.A. Firm GGF
GHJ, a top 100 accounting firm, has merged in GGF, a firm that offers a full suite of services, including audit, tax, and advisory.
Accounting
Lili Launches Lili Connect for Small Business Financial Management
Embedded finance will enable partner companies to grow faster and provide more tailored solutions to their small business customers.
Firm Management
KSM Adds Shanholt Glassman Klein Kramer in New York
KSM has expanded its presence in New York after acquiring SGKK, a New York City-based CPA firm with a focus on the real estate industry.
Firm Management
LGA Merges in Abbott & Co.
The top 200 firm has combined with fellow Massachusetts accounting firm Abbott & Co., led by Mellinda Abbott.
SEC
Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses
The furniture retailer settled an SEC lawsuit last week alleging that two former executives committed accounting fraud.
Taxes
Thomson Reuters Launches CoCounsel Integration in ONESOURCE Corporate Tax Solutions
As multinational corporations face evolving regulatory challenges and talent shortages, ONESOURCE with CoCounsel augments professionals’ work.
Accounting
New Jersey Society of CPAs Opens Scholarship Applications for Accounting Students
Scholarships are awarded based on academic performance, standardized test scores, a 500-word essay and personal interviews.
Accounting
CPE Webcast Dec. 11 – Not Just for the Rich: Using Charitable Giving Techniques to Solve Real-World Tax and Financial Planning Problems
Are your clients looking for ways to reduce their tax liability? Charitable giving offers unique opportunities to benefit from tax advantages, support a favorite charity, and generate lifetime income.
Accounting
Emerging Trends in Accounting Education
The IssuesWatch Podcast is a weekly program published by the New Jersey Society of CPAs that covers the latest business and economic issues impacting New Jersey CPAs and the business community.
Technology
ITA Announces New Board of Directors
The ITA Board works collaboratively with ITA’s President, Geni Whitehouse, and Lissa Johnsen, ITA Vice President.
Firm Management
KPMG to Cut Audit Staff By About 4%
The Big Four firm has let 330 people, or nearly 4% of its roughly 9,000-person audit workforce, know they will be losing their jobs.
Software
Checklist: Ensure your firm’s success this upcoming tax season
Right now is the best time to prepare for tax season. In this guide, you will discover the nine things you can do today to improve your next tax season.
Firm Management
CBIZ Completes Marcum Acquisition
The 2.3-billion-dollar megadeal between the two top 15 accounting firms, which was announced in July, became official on Nov. 1.
Taxes
Bloomberg Tax Partners with Specialized Tax and Expense Solutions
Bloomberg Tax’s new partner program includes K1x for investment data, Incentify for tax credits and incentives, and Antium, which optimizes expense management.
Small Business
Third-Party Cyber Risk Management Shows Progress
The fifth annual global survey into supply chain cyber risk management highlights ongoing investment in technology and talent to enhance supply chain security.
Firm Management
Employee Burnout Continues to Rise, According to Grant Thornton Survey
Fifty-one percent of survey respondents have suffered burnout in the past year, a 15 percentage-point increase from last year’s survey.
Accounting
FASB Adds Standard on Income Statement Expenses
The FASB listened to investor requests by requiring public companies to disclose more information about certain expenses.
Firm Management
Blue & Co. Merges in Mellen, Smith, and Pivoz
The combination, effective Nov. 1, enables the Carmel, IN-based top 60 accounting firm to expand into the Detroit market.
Advisory
Sikich Expands AI Consulting Offerings
The top 30 firm launched the Sikich AI Solutions Studio and appointed longtime firm veteran Ray Beste as principal AI strategist.
Taxes
Taxes, Tariffs and More: 5 Key Economic Stakes of the U.S. Election
Tuesday’s election will have far-reaching economic consequences, ranging from how Americans are taxed to global trade and energy.
Taxes
Here’s Why Maryland Paid the IRS $5.4 Million in Taxes
Maryland has paid $5.4 million to the IRS after a rare audit of the state found it owed millions of dollars in taxes in 2020.
Taxes
Bruins’ Struggles Due to Massachusetts State Taxes, Business Coalition Argues
A trend is forming in the Boston sports scene: if a team struggles, state taxes are blamed for the poor performance.
Payroll
U.S. Payrolls Rise By Just 12,000 Amid Storms and Strikes
Nonfarm payrolls increased 12,000 in October, and hiring over the previous two months was weaker than previously thought.