Taxes
Be on the Lookout for Art Donation Tax Scams, IRS Says
Taxpayers, particularly wealthy filers, were warned Thursday about scams involving exaggerated art donation deductions.
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 Cuts PTIN Fees for 2024
The IRS is slashing the costs for paid tax return preparers to renew their preparer tax identification numbers in 2024 by nearly 36%.
Firm Management
Bonadio Group to Add Dallas Firm Howard LLP
The deal is expected to close on Nov. 1, when Bonadio Group will gain an additional 85 employees who work at Howard.
Auditing
PCAOB Reaches Rule-Making Milestone Under Erica Williams' Administration
The new standard on confirmations is the first project the board saw through from start to finish with Williams as PCAOB chair.
Payroll
Public Accounting Starting Salaries Expected to Increase Nearly 4% in 2024
In its latest salary guide, Robert Half provides projected 2024 starting pay for eight positions: four in tax and four in audit.
Payroll
Public Accounting Salaries Expected to Rise 4.9% in 2024
LHH Recruitment Solutions included pay projections for 11 roles, including partner, in its 2024 salary guide.
Taxes
IRS's Government Shutdown Plans Include Furloughs and Few Services
Contingency plan calls for the IRS to furlough two-thirds of its workforce and press pause on most core tax administration functions.
Firm Management
CohnReznick, BDO USA Among the Most Loved Workplaces in America
The third annual ranking from Newsweek recognizes 100 companies that have fostered employee-centric workplaces.
Technology
How Accounting Firms Are Winning the Automation Game
Eighty-nine percent of accountants say automation makes their firm more profitable and efficient, according to a new BILL report.
Taxes
IRS Rolls Out New Chatbot Feature for Certain CP Notices
Chatbots will be used to help answer basic taxpayer questions about three notices in the CP series, the IRS said on Tuesday.
Auditing
BDO USA, Two Audit Partners Tagged with Fines for Breaking PCAOB Rules
BDO USA was fined $2 million and two of the firm’s partners were fined a total of $60,000 for failures in the 2017 audit of AAC Holdings.
Taxes
IRS Updates 2023-2024 Per Diem Rates for Business Travelers
Taxpayers can use the special per diem rates to substantiate the amount of expenses for lodging, meals, and incidental expenses.