Accounting
FASB Issues One Last Proposed ASU to Close Out the Year
The proposed rules issued by the FASB on Dec. 19 focuses on induced conversions of convertible debt instruments.
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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Accounting
FASB Makes 2024 GAAP and SEC Taxonomies Available
Taxonomies on GAAP financial reporting, SEC reporting, and DQC rules were released by the FASB on Dec. 18.
Firm Management
Calvetti Ferguson Adds Dallas CPA Firm Gummer Group
With the acquisition of Gummer Group on Dec. 1, Calvetti Ferguson's headcount in its Dallas office increased by 25%.
Taxes
IRS Provides More Guidance on New Corporate AMT
The corporate AMT imposes a 15% minimum tax on the adjusted financial statement income of large corporations.
Firm Management
Sikich to Acquire CliftonLarsonAllen's Federal Government Practice
More than 70 employees, including four principals, from CLA’s federal government practice will join Sikich on Dec. 31.
Artificial Intelligence
7 in 10 Accountants Say AI Benefits the Profession, Survey Finds
A Moss Adams study found that 69% of accountants believe AI will enhance, not eliminate, jobs and is a plus for the accounting profession.
IRS
IRS Sets Mileage Rate at 67 Cents Per Mile for 2024
The optional standard mileage rate for business use of a vehicle will increase 1.5 cents from 2023, the IRS said on Thursday.
IRS
IRS Chief Lays Out Plans for New Leadership Structure
Expected to occur in early 2024, this is the first leadership reorganization at the tax agency in more than two decades.
Firm Management
KPMG Posts Global Revenue of $36.4 Billion in 2023
Global revenue for KPMG grew 5% in 2023 as the Big Four firm topped out at $36.4 billion for the fiscal year ending Sept. 30.
Firm Management
Eide Bailly Picks Up San Diego CPA Firm RBTK
The merger will expand Eide Bailly’s footprint in California and enhance the firm’s offerings in the construction industry.
Firm Management
Sikich to Add Golden Trail Advisers
Sikich has signed an agreement to acquire the operating assets of Golden Trail Advisers, a wealth management consulting firm.
Firm Management
BDO USA to Merge in Flintech Holdings and Dynamics Beyond
Twenty-two Flintech and Dynamics Beyond full-time professionals will join BDO Digital, a subsidiary of BDO USA, on Dec. 16.