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IRS Shoots Down Rumors of More Stimulus Checks

The IRS has no plans to send a fourth round of stimulus checks, despite claims made in a series of widely-shared social media posts.

Retirement Plans for the Self-Employed

Figuring out the most effective way to save for retirement can be confusing for anyone, but for the self-employed, the challenge is often amplified.Figuring out the most effective way to save for retirement can be confusing for anyone, but for the self-employed, the challenge is often amplified.

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4 Quick Ways to Lose a Job

At the end of the day, we spend more of our life at work than at any other place, even more than at home sometimes.

Inflation Has Drained Pandemic-Era Savings for Many Americans

Inflation has sapped 40% of Americans’ pandemic savings, making consumer spending even more reliant on the job market.

40% of Americans Are Concerned About Financial Stress in 2024, Survey Reveals

Meanwhile, a third of Americans say they are worse off financially this year compared to last, according to a Fidelity survey.

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.

Five Charitable Giving Strategies

These tips can help you spread the love even more to charities you trust while also taking advantage of different kinds of tax benefits.

House Ways and Means Backs Release of Hunter Biden Tax Probe Information

After IRS agents testify, the House tax-writing panel voted to make public documents and transcripts provided by the agents.

The Technology Lab Podcast – Beneficial Ownership Information Reporting – Dec. 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss a new regulatory change coming in 2024, and what firms need to know and do for their clients.

Brian Tankersley, Randy Johnston

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.

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

70% of Higher Ed Leaders Think Industry Needs Fundamental Change in Management

The outlook synthesizes data based on a survey of respondents from all regions of the United States and all sectors of higher education except for-profit institutions.

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

SSA: Social Security Overpayments Swell to $23 Billion

Social Security Administration’s uncollected overpayments balance grew from $21.6 billion to $23 billion in FY 2023, a report says.

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