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Auditing

PCAOB Publishes Refresher for Auditors on Audit Committee Communications

The PCAOB said its staff continues to identify numerous deficiencies related to auditor communications with audit committees.

Auditing

PCAOB Lays Out 2025 Inspection Priorities

The staff report includes key risks and considerations for auditors, questions for audit committees, and more.

Payroll

Growth of Sports Betting May Be Linked to Financial Woes, New Studies Find

Missouri voters are the latest to approve sports betting, making it legal in 39 states and the District of Columbia.

Accounting

AICPA & CIMA Announce Inaugural Graduates of the Registered Apprenticeship for Business Partner Program

The apprenticeship graduates are established professionals that entered the program to enhance their skillsets to meet the ongoing talent demands of the finance and accounting profession.

Isaac M. O’Bannon

Accounting

Indiana CPA Society Honors 20 Outstanding CPAs and Related Professionals

This year’s winners were announced at the annual INCPAS CPA Celebration on November 22 at The Crane Bay Event Center.

Isaac M. O’Bannon

Payroll

Fear Over Trump Tariffs Sending Americans Into Debt, Study Reveals

A recent survey found that a third of consumers are stockpiling items and taking on additional debt because they fear higher prices.

Payroll

U.S. Job Growth Bounces Back in November

Employers added 227,000 jobs in November, led by healthcare and leisure and hospitality, according to new government data.

Taxes

Treasury and IRS Offer Guidance on Energy Efficient Home Improvement Credit

The revenue procedure provides procedures and requirements that a manufacturer of specified property must follow to be treated as a qualified manufacturer.

Isaac M. O’Bannon

Firm Management

What Clients Expect From Their Accountants

Findings highlight the need for seamless technology, proactive communication, and personalized service.

Isaac M. O’Bannon

Payroll

Dayforce Wallet Surpasses $5 Billion Milestone 

Dayforce Wallet, the company’s flagship on-demand pay solution, has delivered over $5 billion USD through on-demand pay, early direct deposit, and paycard to employees.

Isaac M. O’Bannon

Payroll

Hiring Platform Remote Eases Challenge of Finding Global Talent

The initial rollout of capabilities includes Matches, a new way to help companies find top global talent ideal for customers’ open positions, sourced from Remote’s pool of active, qualified job-seekers from all over the world.

Isaac M. O’Bannon

Taxes

Corvee to Launch Professional Tax Prep System Under Its ‘Instead’ Brand

Corvee announced that the the company’s tax management platform, Instead, has been approved by the Internal Revenue Service to offer e-filing tax preparation software, and is nearing completion of the corresponding capabilities to prepare associated state, city and other related jurisdictional tax filings.

Isaac M. O’Bannon

Dec. 07, 2024

Taxes

IRS Criminal Investigation Division Releases Its FY 2024 Highlight Reel

IRS-CI initiated more than 2,667 criminal investigations, obtained 1,571 convictions, and reclaimed its 90% conviction rate in FY24.

Small Business

AICPA Releases Statement on BOI Injunction, FinCEN Appeal

A federal court in Texas has issued an injunction barring enforcement of the Corporate Transparency Act and BOI reporting, until the case is resolved.

Isaac M. O’Bannon

Auditing

PCAOB Says Audit Firm Culture is Tied to Audit Quality

Taking a deep dive into internal firm culture, a new PCAOB staff report discusses several factors that can impact audit quality.

Auditing

PCAOB Punishes New York Audit Firm, Three Partners for Deceiving Inspection Staff

The PCAOB doled out $465,000 in total fines, permanently revoked the registration of Raines & Fischer, and barred three of its partners.

Small Business

AMEX Report Shows Small Businesses are Embracing Tech, Eyeing Growth in 2025

Looking back on 2024, 70% of small businesses say their business became stronger following a period of uncertainty, and nearly three-quarters (74%) expect a period of stability for their business in 2025.

Isaac M. O’Bannon

Technology

Overview of 2024 CCH Connections- The Accounting Technology Lab Podcast – Nov. 2024

Brian Tankersley, CPA, and Randy Johnston provide a recap of the 2024 CCH Connections user conference.

Brian Tankersley, Randy Johnston

Sales Tax

Sovos Handled Taxes on Nearly 300 Million Transactions During Black Friday and Cyber Monday

Sovos achieved record-breaking performance during this year’s Black Friday and Cyber Monday shopping events.

Isaac M. O’Bannon

Auditing

PCAOB Revokes Israel-Based Audit Firm’s Registration, Bars Partner

The sanctions against Weinstein International CPA and Idan Weinstein are for violating rules on three issuer audits.

Small Business

Improve Client Cash Flow in 2025 Using Proven Strategies

Slow or non-payments are a real concern, and as a firm owner, it’s in your best interest to help your clients receive their payments faster and reevaluate spending.

Katie Thomas

Mergers and Acquisitions

Platform Accounting Group Acquires NorCal Accounting Firm DHS

Platform is a next-gen accounting and professional services group created in 2015. It strives to preserve the dynamics of small firm cultures and incorporates the technology and connectedness of the 21st century.

Isaac M. O’Bannon

Auditing

PCAOB Adopts New Audit Firm Reporting Standards

“Sound and consistent information strengthens investor confidence and can drive audit quality,” PCAOB Chair Erica Williams said.

Accounting

IDC Names Thomson Reuters as a Leader in SaaS, Tax Automation

Pagero, part of Thomson Reuters, was also recently named a Leader in the IDC MarketScape.

Isaac M. O’Bannon

Accounting

Tipalti Adds Solution for Canadian Businesses

Since establishing a presence in Canada with its Vancouver office in 2020 and its Toronto office in 2022 to support its US headquarters, Tipalti has grown its Canadian workforce to over 300 employees.

Isaac M. O’Bannon

Financial Reporting

Federal Court Blocks Enforcement of Corporate Transparency Act and BOI

A new federal law that would require most LLCs, corporations and partnerships to file disclosures with the Treasury Department, including Beneficial Ownership Information, has been halted by a Texas federal judge.

Isaac M. O’Bannon

Payroll

ADP Says Jobs Increased 146K in November, Annual Pay Up by 4.8%

The jobs report and pay insights use ADP’s fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market.

Isaac M. O’Bannon

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Payroll

Survey Shows 62% of Workers Face Serious Financial Anxieties

While many employees feel a strong sense of long-term “retirement confidence,” anxiety around near-term finances is growing and impacting workplace productivity.

Isaac M. O’Bannon

Payroll

U.S. Small Business Job Growth Rate Remained Steady in November

According to the Paychex Small Business Employment Watch, small business job growth across the U.S. remained relatively consistent in November .

Isaac M. O’Bannon

Accounting

CPA Business Execs’ Optimism About the Economy is Soaring Post-Election, AICPA Says

CPA business leaders’ optimism about the economy surged by 41 percentage points from the previous quarter, the AICPA & CIMA said.

Jason Bramwell

Firm Management

Dean Dorton Picks Up Shilts CPA in Florida

The deal with Shilts CPA, effective Dec. 1, expands the top 100 accounting firm’s valuation and forensic accounting offerings.

Jason Bramwell