Taxes January 24, 2023
IRS to Use ‘Digital Assets’ Instead of ‘Virtual Currency’ on 2022 Forms 1040
A question regarding digital assets must be answered by all taxpayers on their 2022 income tax returns.
Taxes January 12, 2023
IRS Says 2023 Filing Season to Start on Jan. 23
The IRS is expecting more than 168 million individual tax returns to be filed this year, most coming before April 18.
Accounting January 12, 2023
AICPA Says It Was Not Hacked, Refutes Report
Cybernews reported that threat actors bragged on a hacking forum that they compromised AICPA database.
Accounting January 11, 2023
Paul Munter to Take Over as SEC Chief Accountant
Munter, who joined the SEC in 2019, has served as acting chief accountant since January 2021.
Taxes January 11, 2023
IRS to Start 2023 Filing Season in Better Shape, National Taxpayer Advocate Says
“We have begun to see the light at the end of the tunnel,” Erin Collins wrote in her latest report to Congress.
Firm Management January 10, 2023
RSM US Unveils 2023 Class of 109 New Partners and Principals
This year’s class of new partners and principals at RSM is larger than last year’s class of 88.
Taxes January 9, 2023
Rep. Jason Smith Picked to Lead House Ways and Means Committee
At 42 years old, Smith will become the youngest-ever chairman of the powerful tax-writing panel.
Small Business January 9, 2023
78% of Small Businesses Say TikTok Ads Have Boosted Profits
In addition, one in 10 small businesses went viral on TikTok organically, according to a new survey from Capterra.
Auditing January 5, 2023
PCAOB Looks to Modernize Rules for Confirmations
Proposal would replace an interim standard that has not changed substantially since 2003.
Taxes January 5, 2023
IRS Audits Dropped Slightly in 2022
Low-income wage-earners taking the earned income tax credit had a higher-than-expected audit rate, report says.
Firm Management January 5, 2023
KPMG Buys Seattle-Based Arnold Group
Arnold Group provided go-to-market strategy development for clients in the technology sector the last 20 years.
Taxes December 28, 2022
IRS Updates FAQs on Form 1099-K
The IRS is treating calendar-year 2022 as a transition year for the reduced reporting threshold of more than $600.
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
