Taxes June 17, 2024
IRS Plans to Stop Basis Shifting Transactions
Cracking down on this tax loophole used by the wealthy could raise more than $50 billion in revenue over 10 years, Treasury said June 17.
IRS June 17, 2024
IRS Updates Careers Site to Attract Job Seekers
The website now provides a comprehensive landing spot for candidates to find everything they need to pursue a career at the IRS.
Auditing June 13, 2024
PCAOB Looks to Clarify Auditing Rules on Substantive Analytical Procedures
The proposal issued by the board June 12 would replace an interim standard that hasn't changed significantly since 1989.
Auditing June 13, 2024
PCAOB OKs Tougher Rules on Auditor Negligence
Individuals face possible sanctions when they negligently, directly, and substantially cause their firm to break PCAOB rules.
Taxes June 12, 2024
BDO Survey: Election Year Fosters Concerns for Tax Leaders
Changes to certain Inflation Reduction Act renewable credits, as well as to federal corporate tax rates, are among their concerns.
Accounting June 12, 2024
EY to Invest $1 Billion in Effort to Attract New Accountants
The firm said the investment includes a boost in compensation for entry-level accountants as well as other tech-related initiatives.
PCAOB June 11, 2024
Erica Williams Gets Second Term as PCAOB Chair
Williams, who was sworn in as PCAOB chair in January 2022, will begin her second term on Oct. 25, lasting through Oct. 24, 2029.
Payroll June 11, 2024
Small Businesses Increased Hiring for Fourth Consecutive Month, CBIZ Index Shows
The Small Business Employment Index from top 15 accounting firm CBIZ reported hiring gains in every region in the U.S. last month.
Accounting June 11, 2024
Here Are the 40 Elijah Watt Sells Award Winners for 2023
Forty out of more than 86,000 candidates who sat for the CPA exam last year were recently honored for their high scores.
Auditing June 10, 2024
PCAOB Fines Florida-Based Firm L&L CPAs $75,000 for Auditing Blunders
The firm and three people were sanctioned for violations related to quality control, auditing failures, and missing Form AP deadlines.
Firm Management June 10, 2024
CLA Global Names Paul English as CEO
He succeeds Sancho Simmonds and Joseph Kask, who have co-lead CLA Global since the network was formed in 2022.
Firm Management June 10, 2024
Cohen & Co. Admits 7 to Partnership
The top 50 firm announced its new partner class for 2024 on June 6, as well as two new members of its board of managers.
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
