Digital Currency

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January 26, 2022 

States Look at Taxing the Metaverse, But What is It?

Sales transactions are presumed taxable in states with a sales tax (unless there’s a specific exemption or exclusion), most states haven’t yet clarified which sales tax laws apply to sales made in the metaverse. When will they start?

Gail Cole

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January 8, 2022 

The Top 10 IRS Criminal Cases of 2021

The IRS Criminal Investigation division began counting down the top 10 cases for calendar year 2021 on its Twitter account on Jan. 3. These cases include the agency’s most prominent and high-profile investigations of 2021.

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January 6, 2022 

Cryptocurrency Considerations for CPAs

Cryptocurrency is becoming increasingly popular as a payment method and investment opportunity, which means CPAs will be dealing with this technology more frequently. CPAs must become cryptocurrency experts to protect their clients’ assets and ensure ...

Justin Hatch

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December 17, 2021 

AICPA Supports STEM Education in Accounting Act

Accounting professionals’ use of technology reflects their role as trusted advisors to businesses, nonprofits and individuals. For many years they have been using and applying advanced technology such as artificial intelligence and technology-enabled ...

 Duff & Phelps Welcomes New Managing Director, IP Transfer Pricing Veteran Philippe Penelle

December 13, 2021 

Duff & Phelps Welcomes New Managing Director, IP Transfer Pricing Veteran Philippe Penelle

Duff & Phelps, A Kroll Business, the world’s premier provider of valuation, corporate finance, governance, risk and transparency, announced that Philippe Penelle has joined as a managing director based in Los Angeles, California. Penelle leverages over two decades of experience designing, valuing and defending transfer pricing structures on behalf of multinational clients and their counsel....…

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December 10, 2021 

Is Big Growth Ahead for CPA Firms?

Advances in technology, the pandemic-related shift to a fully digital workplace and rapidly evolving business models are creating huge opportunities for CPA firms – provided they take the necessary steps to stay ahead of the curve, said Erik Asgeirsson.

Isaac M. O'Bannon

 Thomson Reuters CPA Firms Can Directly Add Ledgible Crypto Tax

December 10, 2021 

Thomson Reuters CPA Firms Can Directly Add Ledgible Crypto Tax

Most taxpayers are uninformed when it comes to the potential tax consequences surrounding crypto. Surveys show that there are over 50 million taxpayers who need to report crypto when filing 2021 tax returns. Any taxpayer who can answer 'YES' to the IRS...

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December 2, 2021 

Virtual CCH Innovations Conference Set for Dec. 7, 2021

The CCH Innovations Conference will feature dynamic guest keynote speakers, including Internal Revenue Service (IRS) Commissioner Charles Rettig and IRS Chief Taxpayer Experience Officer Ken Corbin. Top performing firms should plan to attend so they ...

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November 17, 2021 

Accounting Firm BPM Elevates Eight to Partner

BPM LLP, one of the 50 largest public accounting and advisory firms in the country, has announced eight new partners: Jamie Emerson-Heery, Rono Ghosh, Meredith Johnson, Kemp Moyer, Ryan Musser, Javier Salinas, Will Tanem and Catherine Wong.

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November 2, 2021 

Michael Kidd, CPA – 2021 40 Under 40 Honoree

Michael Kidd, CPA – 2021 40 Under 40 Honoree PartnerMowery & Schoenfeld LLCwww.msllc.com Career highlights:  My career has taken many twists and turns in the past few years, however, some career highlights are: My career highlights have focused around growing our Firm and starting a successful Transaction Advisory Practice. When I started with Mowery &...…