Auditing January 23, 2025
RSM US Forms Audit Quality Board
The three-member board will be tasked with evaluating the effectiveness of quality control and system of quality management matters within RSM US's assurance practice, among other things.
Taxes December 27, 2023
Gift Tax Exclusion Increases for 2024: How to Get the Most Benefit
The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability.
IRS December 27, 2023
IRS Launches Anti-Fraud Program to Help Businesses that Filed ‘Questionable’ ERC Claims
Businesses interested in taking advantage of the voluntary disclosure program have until March 22, 2024, to apply.
Accounting December 27, 2023
AICPA Wants Changes to the Labor Department’s Retirement Security Rule
About 138,000 AICPA members advise individual, family and business owner clients on personal financial planning matters.
Firm Management December 22, 2023
Honkamp Merges in St. Louis CPA Firm Schowalter & Jabouri
The new location will be the top 200 accounting firm's first in Missouri, adding to its other offices in Iowa and Wisconsin.
Taxes December 21, 2023
A PIG in a Poke – How to Use a Passive Income Generator Strategy
Instead of deals designed to generate losses in the formative years of a limited partnership, a PIG is set up to start churning out income right away.
Sales Tax December 21, 2023
Increasing Scrutiny on States’ Sales Tax Compliance
While South Dakota v. Wayfair changed the foundation of sales tax more than five years ago, the ripple effects are still as strong.
Taxes December 20, 2023
The Tax Benefits of ‘Bunching Up’ Year-End Charitable Deductions
The tax law allows you to deduct contributions made to qualified charitable organizations, within generous limits, but only if you itemize deductions.
Payroll December 20, 2023
Baby Boomers Hold 30% of U.S. Wealth
Older baby boomers have accumulated more than $14 trillion in additional net worth since the end 2019, based on Federal Reserve data.
Taxes December 19, 2023
IRS: Collection Notices Are Coming Back in 2024
The IRS has hit the restart button on sending out automated collection notices, ending a two-year hiatus because of the COVID-19 pandemic.
Firm Management December 19, 2023
Embracing AI: 7 Keys for a Modern Accounting Firm
In an era where AI, particularly generative AI, is reshaping industries, small accounting firms stand at a crossroads.
Firm Management December 19, 2023
Aprio Merges in Texas Accounting Firm Ridout Barrett & Co.
Aprio has gained more than 50 partners and professionals from RBC, which has offices in San Antonio and Austin.
Firm Management December 19, 2023
PwC Buys Surfaceink
San Jose, CA-based Surfaceink is known for being a key hardware engineering partner for Apple after Steve Jobs' return as CEO.