IRS
IRS Boosts Hiring for Taxpayer Assistance Centers
The agency has increased staffing at its TACs by 31% during FY 2023 thanks to funding from the Inflation Reduction Act.
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 Starts Business Tax Accounts
The business tax accounts are part of a continuing effort to improve IRS taxpayer services and make the agency more tech-friendly.
Taxes
IRS Has Collected $160 Million in Back Taxes From Millionaires This Year
The agency said it recently recovered $122 million from 100 wealthy earners, in addition to $38 million collected earlier this year.
Firm Management
Dean Dorton Moves Into Florida After Acquiring Technology Consulting Firm
The top 100 accounting firm has its first location in the Sunshine State after acquiring SDN Computer Consultants.
Firm Management
Whitley Penn Acquires Texas CPA Firm Fisher, Herbst & Kemble
The team from San Antonio-based full-service accounting firm FHK will officially join top 40 firm Whitley Penn on Nov. 1.
IRS
IRS Opens PTIN Renewal Season for 2024
The fee to renew or obtain a PTIN for 2024 is $19.75, down from $30.75 in 2023. Failure to have a valid PTIN may result in penalties.
Firm Management
PwC Global Revenue Up 5.6% to $53.1 Billion in FY 2023
PwC had the smallest year-over-year revenue increase of the Big Four firms that have released their 2023 revenue results thus far.
Accounting
Joshua Lance, Founder of Lance CPA Group, Has Passed Away
Lance, 40, a six-time “40 Under 40” honoree by CPA Practice Advisor, died on Oct. 21 after a nearly yearlong battle with cancer.
Firm Management
LBMC Adds Kentucky CPA Firm Strothman & Co.
LBMC will add 60 professionals from Strothman & Co. as part of the transaction, which closes on Nov. 1.
Firm Management
Young Accounting Professionals Are Leaving Their Jobs at a Higher Clip
Those ages 18 to 36 experienced the highest turnover over the past 24 months and are more likely to leave in the next year, a new report found.
Accounting
Why Fraud—Yes, Fraud—Could Boost the Accounting Talent Pipeline
New research from the University of Florida finds that financial fraud plays a unique role in attracting students to accounting.
Taxes
IRS Gives Employers 'A Way Out' if They Filed an Improper ERC Claim
The IRS on Thursday offered steps small businesses can take to cancel their tax credit claim if they have doubts about its legitimacy.