Taxes August 28, 2023
AICPA Asks IRS to Address Issues with Forms 3520 and 3520-A
In comment letters sent to the IRS, the AICPA requested improvements be made to two tax returns pertaining to foreign trusts.
Taxes August 25, 2023
IRS Hiking Interest Rates on Oct. 1
The last time the agency increased interest rates on tax overpayments and underpayments was for Q1 of this year.
Taxes August 25, 2023
IRS Issues Table for Calculating Premium Tax Credit for 2024
The IRS on Aug. 23 announced 2024 indexing adjustments for important percentages under the Affordable Care Act.
Accounting August 23, 2023
FASB Approves New Accounting Rules for Joint Ventures
The ASU, issued by the FASB on Aug. 23, provides specific guidance on the accounting for joint venture formations.
Accounting August 23, 2023
Forbes Recognizes Six Top Accounting Firms That Also Have Management Consulting Chops
Forbes unveiled its eighth annual list of America’s best management consulting firms, which includes some familiar names.
Firm Management August 22, 2023
Eide Bailly to Join Forces with West Coast CPA Firm Bessolo Haworth
Once finalized on Oct. 23, the merger will bring five Bessolo Haworth partners and 20 staff into Eide Bailly.
Taxes August 22, 2023
IRS Nears Major Hiring Milestone
The agency has increased its full-time staff to nearly 90,000, a level not seen in more than 10 years, Commissioner Danny Werfel said.
Firm Management August 21, 2023
15 Accounting Firms Are Now Members of the ‘Billion-Dollar Club’ in the U.S.
According to INSIDE Public Accounting, 15 firms made $1 billion or more in revenue during their most recent fiscal year.
Firm Management August 21, 2023
PwC Admits 258 New Partners and Principals
The Big Four firm unveiled its newest class of rainmakers on July 1, a group that includes 142 principals and 116 partners.
Accounting August 18, 2023
PCAOB Gives CPA Firm AJ Robbins the Heave-Ho
AJ Robbins' PCAOB registration was permanently revoked, its owner was barred for life, and the firm was fined $150,000 for audit failures.
Accounting August 18, 2023
SEC Fines Crowe U.K. $750,000 For Poor Auditing of Music Streaming Service
In addition, Crowe U.K. CEO Nigel Bostock will pay a $25,000 penalty and senior auditor Matthew Stallabrass will fork over $10,000.
Firm Management August 18, 2023
Plante Moran Adds 35 New Partners
“There is no doubt this group of leaders will continue to add value to our firm,” said Plante Moran Managing Partner Jim Proppe.
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
