Accounting
FASB Issues New Rules on Segment Reporting
The guidance will provide investors with additional useful information about a public company's segment expenses, the FASB says.
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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Firm Management
Weaver to Add New York CPA Firm Buchbinder Tunick
Effective Jan. 1, 2024, the deal adds 125 audit, tax, and advisory professionals, including 16 partners, to the top 35 firm.
Taxes
IRS Puts Off New 1099-K Reporting Rules for Another Year
Online sellers who use a third-party payment app will get a tax reprieve as the IRS will postpone the new $600 reporting threshold.
Taxes
Tax Interest Rates to Stay the Same in Q1 2024, IRS Says
Beginning on Jan. 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
Firm Management
Forvis and Mazars Team Up to Create New Global Network
The global network, which will operate under the brand Forvis Mazars, will launch on June 1, 2024, according to both firms.
Firm Management
Aprio to Add Bay Area Firm Rubens Partners
As part of the deal, 14 Rubens Partners team members, including partners Sharon Rubens and Linda Martins, will join the top 30 firm.
Firm Management
EisnerAmper to Merge in New York City Firm Spielman Koenigsberg & Parker
The deal top 20 firm EisnerAmper has with accounting, tax, and consulting firm SKP is expected to close in early 2024.
Taxes
TIGTA: IRS's Decision to Destroy 30 Million Paper Returns Was ‘Reasonable’
The agency's actions, which were reported by TIGTA in May 2022, drew scrutiny from lawmakers and tax professionals.
Firm Management
BeachFleischman Adds Fellow Arizona Firm Jeong Lizardi
Jeong Lizardi joined the top 200 accounting firm on Nov. 1 and will continue to operate from its office in Nogales, AZ.
Firm Management
Jason Drake to Take Over as Managing Partner of Plante Moran
Drake, who will be the eighth MP in the firm's 100-year history, will succeed Jim Proppe, who has held that role for the last seven years.
Firm Management
Cohen & Co. to Move Into Buffalo After Acquiring CPA and Consulting Firms
The top 50 firm's deal to acquire Szymkowiak & Associates CPAs and its sister firm PEAR Consultants will close next month.
Firm Management
HBK Merges in New York CPA Firm Zapken & Loeb
The combination, which became official on Nov. 1, expands top 50 accounting firm HBK's presence in the Mid-Atlantic region.