Accounting
Jason Staats Set to Face RightTool in 2024 ABC Tournament Final
Voting for the championship match between CPA Jason Staats and QuickBooks automation tool RightTool ends April 12.
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.
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Taxes
IRS Proposes Regs For Stock Repurchase Excise Tax
The new guidance pertains to the Inflation Reduction Act's 1% excise tax owed on corporate stock repurchases or buybacks.
Taxes
IRS Adds Security Steps For Tax Pros to Receive Transcripts
The IRS told tax professionals last week it’s making changes that will impact how practitioners obtain a client's tax transcripts.
Taxes
How the 50 States Rank By Tax Burden
Residents of New York state are burdened by taxes the most, while Alaska residents have the lowest tax burden, a WalletHub study found.
Taxes
IRS: Energy-Efficient Rebates Not Income
However, taxpayers will need to reduce the basis of the property when they sell it by the amount of the rebate, the IRS said last week.
Firm Management
Reid CPAs Joins Forces With Crete Professionals Alliance
Crete Professionals Alliance has provided financial and back-office support to five accounting firms, with Reid its sixth firm partner.
Accounting
Final Four Matches Underway in 2024 ABC Tournament
Voting for the two matches that will determine who moves on to the championship game lasts through April 9.
Accounting
FASB Selects 11 Professionals to Sit on Emerging Issues Task Force
Based on feedback from stakeholders, the FASB recently revised the EITF's membership makeup and operating procedures.
Taxes
Which States Cost the Most in Taxes Over a Lifetime?
New Jersey residents will pay the most in lifetime taxes, and people in West Virginia will pay the least, according to a Self Financial study.
Accounting
Accounting-Related Class-Action Lawsuits on the Rise
Accounting-related securities class-action filings rose 9.8% from 51 in 2022 to 56 in 2023, Cornerstone Research said.
Auditing
PwC Hit With $2.75 Million Fine By PCAOB For Running Afoul of Independence Rules
The order also requires a review of PwC's independence-related quality-control policies and procedures, and extra training.
Firm Management
Crowe Adds ITR Economics in New Hampshire
Founded in 1948, ITR Economics will operate as a subsidiary of top 15 firm Crowe upon completion of the transaction.