Auditing December 19, 2025
PCAOB Censures and Fines Texas Firm for Audit Failures
Sugar Land, TX-based accounting firm TPS Thayer was sanctioned on Dec. 4 for violations that include failing to supervise an unregistered China-based firm.
March 14, 2022
2022 Changes to Popular Tax Deductions
For 2021 returns, the standard deduction is $12,550 for single filers and $25,100 for joint filers. Consider these key TCJA provisions that may affect your filing outlook.
March 14, 2022
Tax Tip: Anybody Can Request a Tax Filing Extension
Tax Day, April 18, 2022, is right around the corner. This is the deadline for filing your 2021 federal income tax return. The due date is extended from April 15 because of the Emancipation Day holiday in Washington D.C.
March 14, 2022
Fortis and Lockstep Partner to Offer ERP-Integrated Solutions for Collections, Payments and Cash Flow
Through Lockstep, Fortis business and ERP clients can optimize their existing systems by accelerating cash collection, eliminating double data entry and gaining access to Level 3 discounted rates for B2B and/or B2G transactions, ultimately delivering ...
March 14, 2022
AICPA President Releases Statement on Upcoming Ways & Means Hearing with Charles Rettig
Following an announcement by the House Ways & Means Oversight Subcommittee of a hearing on this filing season with Internal Revenue Service (IRS) Commissioner Charles Rettig, American Institute of CPAs (AICPA) president and CEO ...
March 14, 2022
The Race for Banks to Adopt Digital Identities
Digital identity is one of these tricky areas in which much of the technology implemented was patched together in clunky ways to deliver something that appeared slick from the customer viewpoint.
March 14, 2022
“Whole Ball of Tax” Website Provides Tax Season Resources for Pros
The Whole Ball of Tax (WBOT) website offers resources curated by our tax experts that are designed to help keep members of the media apprised of key developments affecting taxpayers. The information is delivered in a user-friendly, easy to find and ...
March 14, 2022
What Offering CAS Can Mean For Your Firm
CAS is one of the fastest-growing revenue-generating segments for accounting firms. In fact, 42% of accounting firms now offer CAS. Along with increased revenue, CAS services can help firms improve client relationships and work fulfillment.
March 14, 2022
Julie A. Dee Joins BKD as Partner in Chicago
Dee has more than 25 years of public accounting experience. During her career she has provided federal and international tax services to privately held corporations, partnerships, individuals and nonprofit organizations.
March 14, 2022
Positive Reviews: The Power They Hold and How Firms Can Get Them
The best way to get reviews from your customers on the platform you prefer is to ask them. If you notice a particularly happy client, don’t be afraid to ask. On the other hand, avoid requesting reviews from anyone who has had any recent, unresolved ...
March 14, 2022
How to Improve Workforce Planning in Accounting Firms
Accounting firms need a workforce planning tool that enhances efficiency and enables informed decision making. Legacy processes, including using spreadsheets and requesting data via email, don’t allow workforce planning visibility and require staff to ...
March 14, 2022
IRS Issues New Form 7203 for Farmers and Fishermen
Due to certain software issues, the IRS has announced that it intends to grant a filing extension to qualifying farmers and fishermen who are required to file Form 7203 by April 18, 2022 (April 19 in Maine and Massachusetts).
March 14, 2022
IRS Starts Using Chatbots for Calls
The IRS in recent weeks has deployed voice and chat bots in English and Spanish for phone lines that assist taxpayers with tax payments issues or understanding an IRS notice they may have received. People with general tax season questions generally ...