Taxes
IRS: No Change in Tax Interest Rates for Q3 2024
Starting on July 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
Read more
Firm Management
CLA Acquires U.K. Tech Company Engine B
The acquisition of Engine B, a provider of generative AI solutions to the professional services industry, is CLA's first global deal.
Firm Management
Sikich Secures $250 Million in PE Funding From Bain Capital
The minority investment from Bain allows top 30 firm Sikich to keep majority control of the company and its existing leadership team.
IRS
IRS Increases HSA Contribution Limits for 2025
Beginning in January, you'll be able to contribute more to your health savings account, based on the IRS's latest inflation adjustments.
Accounting
C-Suite is Optimistic About GenAI Use Within Finance and Accounting, Deloitte Says
Despite low adoption rates, 43% of executives say they're either discussing use cases or have future plans to adopt the technology.
Firm Management
Citrin Cooperman Adds Maier Markey & Justic
The deal expands the top 25 firm's presence in the New York City metro area, as well as its Business Process Outsourcing practice.
Firm Management
Eide Bailly Adds 24 New Partners for 2024
The class of 2024 has "a diverse range of skills, backgrounds, and expertise that will bring value to the clients we serve," the firm said.
Technology
Ledgible Program Assesses a Company's Readiness for 1099-DA Reporting
The new program follows the release of the draft Form 1099-DA for digital asset transaction reporting by the IRS last month.
IRS
IRS Chief: $400 Million in ERC Claims Have Been Withdrawn
During a House Appropriations subcommittee hearing May 7, Danny Werfel gave lawmakers an update on the tax credit's status.
Firm Management
Hancock Askew Merges in Willeford Group in Georgia
Willeford Group owner Kate Willeford will join as partner, while the firm's staff will become the dental division of Hancock Askew.
IRS
IRS Issues FAQs on Disaster Relief For Retirement Plans and IRAs
The FAQs are intended to assist individuals, employers, and retirement plan and IRA service providers, the IRS said.