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Generative AI, Practice Transformation, Capacity and Leadership Headline DCPA23 Conference

The rapid emergence of GenAI-enabled solutions was front and center for CPA.com president and CEO Erik Asgeirsson who believes the technology “presents enormous opportunities for the accounting and finance profession.”

Isaac M. O’Bannon

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Creating a Budget for College Expenses: Tips for Clients

By planning and budgeting strategically, you can help your clients pursue their dreams without compromising their financial future.

Billionaire Tax Rests on a Disputed $14,729 Tax Refund at the U.S. Supreme Court

Democratic dreams of imposing a wealth tax on the richest Americans risk being snuffed out by a dispute over a $14,729 bill.

AICPA Debuts Proposed Reporting Framework for Issuers of Stablecoins

Regulatory bodies such as the New York State Department of Financial Services (DFS) already require reporting on and attestation of stablecoins.

Isaac M. O’Bannon

Marcum Unveils New Generative AI Tool AskMarcum.ai

Powered by Microsoft Azure OpenAI Service, the new tool is embedded within Microsoft Teams for employee use.

Jason Bramwell

Sovos Approved as an IRS Modernized e-File (MeF) Business Provider for 1042 Returns

Starting with tax year 2023 filings and beyond, financial institutions or businesses filing 10 or more information returns can no longer submit Form 1042 on paper

Isaac M. O’Bannon

Branding an Accounting Firm – Top Resources You’ll Need

Are you considering your own firm (or rebranding due to a merger or acquisition)? Here are several branding questions to answer and resources you will need before opening the front door.

Becky Livingston

Dec. 03, 2023

AuditFile Launches New Single Audit, Governmental, and International IFRS Modules

Advantage Audit AI leverages a patented artificial intelligence engine to optimize and automate the auditing process.

Isaac M. O’Bannon

Dec. 02, 2023

IRS Offers New Guidance On Clean Vehicle Manufacturing

The proposed regulations provide definitions and proposed rules for qualified manufacturers of vehicles to determine eligibility for the clean vehicle credit regarding the excluded entity restrictions.

Isaac M. O’Bannon

2023 Has Been a Banner Year for PCAOB Enforcement

The PCAOB has doled out a record $20 million in total fines so far in 2023, almost doubling the previous high mark of $11 million last year.

Jason Bramwell

U.S. Supreme Court Casts Doubt on SEC Enforcement Actions Without Juries

Conservative justices, in a securities fraud enforcement case, sound skeptical that defendants shouldn’t have a right to be judged by peers.

The Technology Lab Podcast – Review of TeamMate Document Linker – Dec. 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss TeamMate Document Linker for External Audit, a solution designed for CPAs, saving junior auditors time, strengthening audit quality, and improving auditor satisfaction.

Brian Tankersley, Randy Johnston

Professional Services Firms Just Can’t Stop Talking About AI

In the professional services sector, chatter about generative AI nearly doubles that of the tech crowd, according to a LinkedIn report.

IRS Warns Taxpayers About Crypto ‘Pig Butchering’ Scams

IRS Criminal Investigation special agents have seen an uptick in a specific type of scheme that couples cryptocurrency with romance.

Jason Bramwell

Eide Bailly Teams Up with High Plains Technology

The merger, which becomes effective on Jan. 8, brings four partners and 14 staff to Eide Bailly’s Sioux Falls and Fargo offices.

Jason Bramwell

Average U.S. Home Prices Hit Record High

New listings have been ticking up recently, and mortgage rates have declined after peaking early this month, signs that some conditions are improving for homebuyers.

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U.S. Economy Saw 5.2% Growth in Third Quarter

The U.S. economy grew at an even faster pace in the third quarter than originally estimated, reflecting upward revisions to business investment and government spending.

Mortgage Rates Drop Below 7.5%

The average rate on 30-year fixed mortgages retreated to 7.41% this week, down from 7.55% the previous week, according to Bankrate’s weekly national survey of large lenders.

Forensic Accounting Tech Company Valid8 Secures $8.5M in Capital

The investment comes at a critical time, as prosecutions and reported losses from fraud are on the rise, according to the Department of Justice and the Federal Trade Commission.

Isaac M. O’Bannon

Your Firm and Your AI: How AI Can Help with Tax Season

While many pundits in the profession claim that tax returns (read compliance) are going away, I don’t think that will be true anytime soon.

Randy Johnston

NDH Advisors Acquires Kansas CPA Firm Stratus Group

Stratus Group is the Chicago firm’s first acquisition as it looks to expand after receiving private equity backing last May.

Jason Bramwell

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Professionals on the Move – Nov. 2023

Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession.

Mary Girsch-Bock

IMA Unveils New FMAA Certification

The new Institute of Management Accountants certification focuses on foundational financial and managerial accounting knowledge.

Jason Bramwell

5 Ways to Gift Yourself Tax Savings This Holiday Season

The Illinois CPA Society offers five money moves to make before the end of the year to create some tax-time savings now and in the year ahead.

Isaac M. O’Bannon

Managing Personal Finances for Adult Children with Disabilities

It’s not unusual for people with Down syndrome to live into their 60s and those with cerebral palsy to reach 50 years in age.

NYU School of Professional Studies Presents 42nd Annual Institute on State and Local Taxation on December 11-12 in NYC

On December 11-12, the NYU 42nd Annual Institute on State and Local Taxation, hosted by the NYU School of Professional Studies Division of Programs in Business, will take place at the Westin New York at Times Square.

Isaac M. O’Bannon

State CPA Societies in Action: Pennsylvania Institute of CPAs

State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S.

Mary Girsch-Bock

AuditClub Rebrands as CPAClub and Adds New Tax and Advisory Solutions

The company is offering the same concierge talent model but now with tax and advisory professionals to CPA firms.

Jason Bramwell