Firm Management June 2, 2023
EY Adds 966 New Partners Worldwide
Women make up more than a third of EY’s newest partner class, representing 329 promotions (34%).
Taxes June 1, 2023
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.
Taxes June 1, 2023
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.
Accounting May 30, 2023
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.
Firm Management May 27, 2023
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.
Firm Management May 26, 2023
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.
Taxes May 24, 2023
IRS Has Done a Better Job Nipping Tax ID Theft in the Bud This Filing Season
As of March 2, the IRS flagged 1.1 million tax returns with $6.3 billion in refunds for potential identity fraud, said TIGTA in a new report.
Taxes May 24, 2023
No Change in IRS Interest Rates for Q3 2023
Beginning on July 1, the rate for overpayments and underpayments for individuals will be 7% per year, compounded daily.
Auditing May 22, 2023
PCAOB Has a Batch of New Projects in the Works
The audit regulator revised its standard-setting agenda to include four new projects—two considered short-term and two mid-term.
Taxes May 19, 2023
IRS Is Developing Its Own Free Tax Preparation System
The agency said on Tuesday it is taking steps to test out an IRS-run e-filing system called “Direct File” starting next year.
Accounting May 18, 2023
AICPA Says it Has a Plan to Fix the CPA Talent Shortage
With its Pipeline Acceleration Plan, the AICPA said it has a framework in place to make accounting more appealing to students.
Taxes May 18, 2023
IRS Bumps Up HSA Contribution Limits for 2024
The new inflation-adjusted amounts mean employees will be able to put more money in their HSAs next year than this year.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
