Accounting Standards January 4, 2024
Grant Thornton Supports Global Climate Reporting Standard
The global consulting and accountancy firm Grant Thornton has issued a statement in support of a standard for global climate reporting.
Accounting January 4, 2024
Wolters Kluwer Launches Beneficial Ownership Reporting Solution
The CTA requires that small businesses and entities subject to the new rule collect, document, and submit previously unreported beneficial ownership information (BOI) to the Financial Crimes Enforcement Network.
Accounting January 4, 2024
DataSnipper and Validis Partner for Audit Efficiency
The automation platform DataSnipper has partnered with on-demand accounting data provider Validis to offer auditors a seamless end-to-end audit testing process.
Firm Management January 3, 2024
Brown Plus, Formerly Brown Schultz Sheridan & Fritz, Announces New Branding
The regional accounting and advisory firm has officially transitioned to Brown Plus and revealed the firm’s new branding and tagline: See What’s Possible.
Payroll January 3, 2024
U.S. Small Businesses Saw Job Growth for All of 2023
All 20 of the largest U.S. states reported positive job growth to end 2023 and eight of those increased their rate of job growth during 2023.
Accounting January 2, 2024
Scaling New Heights – June 16-19, 2024
The annual Scaling New Heights technology conference for accounting professionals and financial advisors will be held June 16-19, 2024 at the Orlando Marriott World Center in Orlando, Florida.
Firm Management January 2, 2024
Grant Thornton Achieves $7.5 Billion in Global Revenue
This is an increase of 10.9% in adjusted constant currency terms, and follows the 13.7% growth achieved in the prior fiscal year.
Taxes December 28, 2023
Treasury Proposes New Regs for Advanced Manufacturing Production Credit
The guidance provides rules for the production of eligible components and sale to unrelated persons, as well as special rules that apply to sales between related persons.
Taxes December 27, 2023
Reminder: Deadline for Retirement RMDs is Dec. 31
For 2023, the age at which account owners must start taking required minimum distributions goes up from age 72 to age 73.
Small Business December 27, 2023
Wrong Size? Retailers on Track to See $743 Billion in Merchandise Returns for 2023
According to the report, for every $1 billion in sales, the average retailer incurs $145 million in merchandise returns. Online sales do see a higher return rate, with 17.6% or $247 billion of merchandise purchased online returned.
Taxes December 27, 2023
IRS Issues Guidance on Tax Credit for Clean Hydrogen Production
The Inflation Reduction Act (IRA) of 2022 provides a production credit for each kilogram of qualified clean hydrogen produced by a taxpayer at a qualified clean hydrogen production facility.
Accounting December 27, 2023
AICPA Wants Changes to the Labor Department’s Retirement Security Rule
About 138,000 AICPA members advise individual, family and business owner clients on personal financial planning matters.
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
