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.
Accounting December 19, 2023
FASB Issues One Last Proposed ASU to Close Out the Year
The proposed rules issued by the FASB on Dec. 19 focuses on induced conversions of convertible debt instruments.
Accounting December 19, 2023
FASB Makes 2024 GAAP and SEC Taxonomies Available
Taxonomies on GAAP financial reporting, SEC reporting, and DQC rules were released by the FASB on Dec. 18.
Firm Management December 19, 2023
Calvetti Ferguson Adds Dallas CPA Firm Gummer Group
With the acquisition of Gummer Group on Dec. 1, Calvetti Ferguson's headcount in its Dallas office increased by 25%.
Small Business December 19, 2023
The Benefits of Delayed Business Filings
In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer.
Taxes December 19, 2023
Hunter Biden Faces Jan. 11 Arraignment on Tax Charges
Hunter Biden must respond to federal charges that he failed to pay taxes on millions of dollars he received from foreign businesses.
Artificial Intelligence December 19, 2023
4 Ways Finance and Accounting Pros Can Adapt Now to Working With Generative AI
AI-powered tools for finance and accounting organizations have been around for years, helping to automate data entry and bookkeeping, invoice processing, budgeting, and many other processes. But generative AI is different.
Firm Management December 18, 2023
Illinois CPA Society Releases New Report on Turnover in the Accounting Profession
ICPAS hosted multiple focus groups, conducted personal interviews, and surveyed both current and former ICPAS members to hear their unique perspectives on the profession’s long-term trouble with turnover.
Small Business December 17, 2023
As Businesses Shift Focus to Efficiency, Finance Teams Must Find Ways to Do More with Less in AP
Finance leaders ranked AP automation as their top digitization priority in the back office—ahead of Accounts Receivable (AR), expense management, close management, and forecasting.
Taxes December 15, 2023
Bill Would Give Tax Credits for Rare Earth Magnets Made in the U.S.
The legislation would provide a $20 per kilogram production tax credit for rare earth magnets manufactured in the United States.
Small Business December 15, 2023
The Top 5 Small Business Accounting Systems in 2024
If you’re in the market for accounting software or an accountant recommending software to your clients, consider these five accounting applications.
Taxes December 15, 2023
IRS Provides More Guidance on New Corporate AMT
The corporate AMT imposes a 15% minimum tax on the adjusted financial statement income of large corporations.
Firm Management December 14, 2023
Sikich to Acquire CliftonLarsonAllen’s Federal Government Practice
More than 70 employees, including four principals, from CLA’s federal government practice will join Sikich on Dec. 31.