Firm Management
Top 100 Firms EisnerAmper and Postlethwaite & Netterville Combine
More than 575 professionals from P&N will join EisnerAmper once the deal closes this summer.
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
EY is Laying Off 3,000 Employees in the U.S.
The job cuts come less than a week after EY shelved a yearlong plan to restructure the firm globally.
Accounting
FASB Issues New Accounting Rules for Investments in Tax Credit Structures
Reporting entities can now elect to account for qualifying tax equity investments using the proportional amortization method.
Accounting
FASB Issues Long-Awaited Exposure Draft on Crypto Asset Accounting
Board said fair value accounting was the right method for crypto assets, not the current cost-less-impairment model.
Taxes
IRS Sets Initial Guidance on NFTs
The IRS and the Treasury Department are leaning toward treating NFTs as a collectible for tax purposes.
Accounting
Texas Close to Allowing CPA Candidates to Test with 120 Credits
The bill, passed by the Texas Senate on Tuesday, now advances to the Texas House of Representatives for a vote.
Taxes
IRS, Treasury Let U.S. Semiconductor Chip Makers Know How to Claim Tax Credit
Tax incentive looks to boost the making of semiconductors and semiconductor manufacturing equipment in the U.S.
Accounting
FASB Sets Out Plan to Improve Income Tax Disclosures
The proposed ASU addresses investor requests for more transparency about income tax information.
Taxes
IRS Bolsters Digital Scanning Abilities
The IRS has scanned more than 120,000 paper forms 940 since the start of this year as part of its new Digital Intake initiative.
Taxes
Here is What Daniel Werfel Said to IRS Employees During His First Day as Commissioner
Werfel was sworn in Monday as the 50th commissioner in the history of the IRS.
Payroll
Gusto Helps Clients Navigate Silicon Valley Bank Mess
The HR and payroll company has created a resource hub for customers that used the failed bank to fund payroll.
Taxes
Ex-IRS Chief Says He Is Confident Daniel Werfel Will Do Well as Agency's New Leader
“He’s extremely well-suited for his current assignment,” Mark Everson, IRS commissioner from 2003-07, said about Werfel.