Home
Latest….
Amazon May Offer Mobile Service to Prime Members
Weaver Expands in California with HKG Deal
Minnesota Passes ‘Right to Repair’ Law
EY Adds 966 New Partners Worldwide
Webinars….
CPE Webinar June 13, 2023: Invoice Automation to Accelerate Digital Transformation
Webinar: Tax Workflow Automation: Make Your Tech Investment Count
Events….

Accounting & Audit
Illinois CPA Society Summit 2023
Aug. 22-23, 2023. Rosemont, IL.

Sales Tax & Compliance
Avalara to Host its CRUSH Events in Eight Cities in 2023
These complimentary events are designed to help businesses of all sizes navigate compliance and help ensure it doesn’t stand in the way of opportunity.
Contributors….

Randy Johnston

Jim Boomer

Roman Kepczyk
![LBae43Bh_400x400[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/04/LBae43Bh_400x400_1_.5fd8087c94530.png)
Jeannie Ruesch

GPT AI Technology Simplifies Writing Your Firm’s Marketing Emails in Mailchimp
Of U.S. accountants, 48% plan to invest in artificial intelligence over the next 12 months, according to the Intuit QuickBooks Accountant Technology Survey.

Nomination Period Opens for 2023 Innovation Awards
Now in their 20th year, the Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.

Abdo LLP Merges In Minnesota Accounting Firm HG&K
The newly combined firm will continue to operate under the Abdo name, with shared values, brand, and vision.

Amazon May Offer Mobile Service to Prime Members
An anonymous source told Bloomberg that Amazon has been in negotiations with Verizon, T-Mobile, Dish Network and, at times, AT&T to discuss using their networks.

Weaver Expands in California with HKG Deal
As part of the transaction, 65 HKG professionals, including seven partners, joined top 35 accounting firm Weaver on June 1.

Minnesota Passes ‘Right to Repair’ Law
The so-called right to repair law will allow equipment owners and independent shops to more easily fix devices like mobile phones, laptops, appliances, and other equipment.

EY Adds 966 New Partners Worldwide
Women make up more than a third of EY’s newest partner class, representing 329 promotions (34%).

The Technology Lab Podcast – The Truthiness of AI – June 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss the content quality in various AI generative content systems.

AICPA Foundation Accepting Applications for CPA Exam Scholarships
The AICPA and its Foundation offer various annual scholarships for college students and fellowships for PhD candidates.

Protect Your Clients’ Banking Relationships by Adhering to New Lease Accounting Standards
As the industry drives toward greater compliance, banks will scrutinize agreed-on covenants and reporting requirements.

Senate Passes Debt Limit Deal: Bill Heads to Biden
The U.S. Senate voted 63-36 on Thursday evening to pass a debt limit bill that cleared the U.S. House of Representatives only one day before.

IRS Proposes Rules on Energy Projects for Low-Income Areas
A program established by the Inflation Reduction Act incentivizes solar and wind power in certain low-income communities.

AICPA News – June 2023
AICPA News is a round-up of recent announcements from the American Institute of CPAs.

Indiana CPA Society joins Accounting+ to Advance Diversity, Equity & Inclusion Within Accounting
Accounting+ is a first-of-its kind, profession-backed, campaign to actively engage high school and college students with dynamic, tailored resources on the benefits of a career in accounting.

BEPS 2.0 Pillar Two – What Tax Teams Need To Succeed
Organizations should aim to remove inefficient and time-consuming processes associated with tax reporting, while empowering tax managers to collaborate with the executive team and prioritize strong policies.

These Are the Retirement Accounts You Should Withdraw From First
A Certified Financial Planner provides a standard order for when you should tap which account when you’re in retirement.

IRS, Treasury Provide More Guidance for Advanced Energy Project Credit
The qualifying advanced energy project credit program was re-established last year by the Inflation Reduction Act.

ShareFile Launches New Accounting Solution
The new solution from ShareFile improves client experiences by delivering simple, frictionless interactions.

Worries About Inflation, Recession and Potential U.S. Default Drag Down Economic Outlook
Last quarter’s modest lift in business executives’ view of the U.S. economy proved short-lived, with a majority now expressing pessimism about the next 12 months
![NJCPA[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/35479/NJCPA_1_.5db9977ebc769-768x165.png)
New Jersey Society of CPAs Names WithumSmith+Brown Partner as President for 2023-2024
O’Connell has been active at the NJCPA since joining in 1997 and has served as Secretary and Trustee.

RCReports Releases New Entity Selection Planning Tool
With RCReports’ Entity Selection Planning Tool professionals can now input client data to automatically create a report showing the best entity type over the next 10 years.

Chicago Accounting Firms Porte Brown and RVG Partners to Merge
The newly-combined firm will operate under the Porte Brown brand, and staff from RVG will continue to serve clients from their Oak Brook location.

FORVIS Marks 1-Year Anniversary
The top 10 accounting and advisory firm formed on June 1, 2022, via the merger of equals of legacy firms BKD and DHG—the largest such move in the accounting industry in more than two decades.

Debt Limit Bill Passed in House, Expected to Clear Senate, Reducing Threat of Default
The hard choices on how to adjust government services are mostly left to Congress to negotiate in separate spending packages due before the Oct. 1 start of the next federal fiscal year.

Jobs Report Shows Pay Increased by 6.5% Over Last Year
Gains in private employment were fragmented last month, with leisure and hospitality, natural resources, and construction taking the lead.

Accounting Thought Leaders to Meet During AICPA ENGAGE Conference
The event will be the first time the 40 Under 40 honorees and participants of the annual Thought Leader Symposium will come together, engaging on issues critical to the profession.

Gen Z Prefers Cash to Credit
Is TikTok setting the bar for Gen Z spending habits?

Gen Xers Just Aren’t Stashing Enough Money for Retirement
A new report from investment bank Natixis reveals what Gen Xers think they need to save for a comfortable retirement.

6 Top Investment Options to Generate Passive Income
Passive income investing allows you to work less and earn more. These passive income streams are some of the best to get started.

Bipartisan Bill in Ohio Would Legalize Recreational Marijuana
The Regulate Marijuana Like Alcohol coalition is gathering signatures across the state in hopes of qualifying for the November ballot. Ohio already has a medical marijuana program.

California Construction Company Owner Guilty of Employment Tax Crimes
He was found guilty of not timely filing employment tax returns and did not pay withholdings to the IRS for 2014 and the last three quarters of 2015.

Unlocking Your CAS Potential: Strategies for Facing Challenges Head-On
As practitioners, we must continuously adapt, evolve, and learn to ensure our practices remain successful and serve our clients effectively.

The Technology Lab Podcast – The Truthiness of AI – June 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss the content quality in various AI generative content systems.

How to Market Advisory Services in 2023
Promoting advisory services isn’t as complicated as you think. Here’s how to get started.

CPAs from Several States Visited Washington D.C. to Promote Accounting and Tax Issues
The CPAs asked members of Congress to support the Freedom to Invest in Tomorrow’s Workforce Act, a bill that would expand eligible uses of 529 savings plans.

IRS Alerts Business Owners About ERC Scam
The agency says marketing fraudsters are misrepresenting and exaggerating who can qualify for the employee retention credit.

Number of CPA Exam Takers Continues to Dwindle
The number of candidates who took the Uniform CPA Examination in 2022 was about 67,000, down from 72,000 in 2021.

Illinois CPA Society Announces 2023 Young Professionals Leadership Award Recipient
This award recognizes a certified public accountant (CPA), under age 35, who has demonstrated outstanding leadership skills in their career, in public or community service, and through involvement in professional organizations.

Debt Limit Deal Includes Cut in IRS Funding, Other Measures
Biden and McCarthy announced a deal to increase the government’s debt limit, enabling the nation to avoid a debt default and economic turmoil.

New AICPA Chair Looks to Foster Innovation and Support Next Generation of Accounting Professionals
Okorie L. Ramsey, CPA, CGMA, PMP, NACD, will also serve as chair of the Association of International Certified Professional Accountants.

Biden and McCarthy Reach Tentative Debt Limit Deal
The deal struck Saturday night offers a lot for the two parties not to like, from expanded work requirements for food stamps opposed by Democrats to higher spending levels than conservatives demanded.

Most AI-Threatened Jobs are Held by Women, Says Study
From screenwriters to financial advisors, the technology will disproportionately replace jobs typically held by women, according to human resources analytics firm Revelio Labs.

Accountants Shy Away From Talking to Their Bosses About Mental Health
Accounting ranked eighth out of nine industries with 23% of employees willing to discuss their mental health, a survey revealed.

The Technology Lab Podcast – Generative AI: Dall-E, and MS-Designer
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA discuss artificial intelligence generators Dall-E and MS-Designer.

How to Be Prepared for an ERC Audit
The IRS is actively auditing and conducting criminal investigations related to these false claims. People need to think twice before claiming this.

Grant Thornton is the Latest Large Firm to Get Rid of Staff
Grant Thornton let 300 employees in its advisory and tax services practices know on Thursday that they were losing their jobs.

Florida Adds New Sales Tax Holidays, But with a Bug
The Florida Legislature erred in including items eligible in two of the sales tax holidays, but that have different tax treatments.

The Tax Blotter – May 29, 2023
The Tax Blotter is a round-up of recent tax news.