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.
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
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.
Firm Management
Cherry Bekaert Adds Chicago-Area CPA Firm PKF Mueller
During its most recent fiscal year, PKF Mueller had revenue of $37.7 million, making it the 127th largest accounting firm in the U.S.
Payroll
2024 Projected Public Accounting Starting Salaries in 15 of the Largest U.S. Cities
Starting pay next year in these 15 cities is expected to range between 5% lower and 32% higher than the national averages.
Taxes
Taxpayer Interest in IRS's Direct File Program May Have Been Exaggerated
Their willingness to use the Direct File program may be overstated because of the survey the IRS used to gauge their interest, TIGTA says.
Taxes
IRS to Try Out Its Free E-Filing Tax Return Program in 13 States Next Year
The IRS on Tuesday unveiled more details about Direct File, the agency’s free online tax filing program that is debuting in 2024.
Taxes
So Far, the IRS Has Spent 2.5% of Its Inflation Reduction Act Money
As of June 30, the agency has spent approximately $1.95 billion of the nearly $80 billion it will receive over a 10-year period.