Taxes
Are There Conflicts of Interest Between the IRS and Accounting Firms?
In a report, TIGTA identified employees moving between large accounting firms and the IRS, often referred to as the “revolving door.”
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
Businesses Must E-file Form 8300 in 2024, IRS Says
This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300, released in February.
Firm Management
Deloitte Nearly Hits $65 Billion Revenue Mark in 2023
Deloitte's record $64.9 billion in revenue in FY 2023 is a 9.3% increase over last year's total of $59.3 billion.
Firm Management
Forvis Sees Revenue Grow 13% One Year After DHG/BKD Merger
The top 10 firm recorded revenue of $1,685,539,000 for the fiscal year ending May 31.
Auditing
Warren Averett Was the Recipient of a First-Ever Penalty From the PCAOB
The top 50 firm was fined $200,000 for auditor independence violations related to its membership in an accounting alliance.
Firm Management
What Accountants Had to Say About the CPA Firm Business Model—and Why it Needs to Evolve
Since BDO USA recently changed from a partnership to a corporation, the CPA firm business model mentality is starting to change.
Accounting
CPA Firm Managing Partner Weighs in on How to Rebuild the Talent Pipeline
Fixing the crumbling talent pipeline in accounting was a topic that came up during a session at “Bridging the Gap” on Aug. 29.
Taxes
Treasury, IRS Formally Propose New Rules for Claiming Clean Energy Tax Credits
The proposed regulations include prevailing wage and registered apprenticeship requirements for clean energy projects.
Taxes
AICPA Asks IRS to Address Issues with Forms 3520 and 3520-A
In comment letters sent to the IRS, the AICPA requested improvements be made to two tax returns pertaining to foreign trusts.
Taxes
IRS Hiking Interest Rates on Oct. 1
The last time the agency increased interest rates on tax overpayments and underpayments was for Q1 of this year.
Taxes
IRS Issues Table for Calculating Premium Tax Credit for 2024
The IRS on Aug. 23 announced 2024 indexing adjustments for important percentages under the Affordable Care Act.
Accounting
FASB Approves New Accounting Rules for Joint Ventures
The ASU, issued by the FASB on Aug. 23, provides specific guidance on the accounting for joint venture formations.