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September 10, 2019

DAILY BRIEFING

Blucora unites HD Vest with 1st Global, calling them Avantax Wealth Management

By Michael Cohn 2 min read

The company is bringing together its tax-focused wealth management divisions.

Vertex creates boot camp validation program for tax connectors

By Ranica Arrowsmith 2 min read

As online sales transactions increase in volume year after year, companies that provide tax automation are seeing a major increase in the need for their services.

AICPA issues auditor practice aid on CECL standard

By Michael Cohn 2 min read

The document can help auditors with the allowance for credit losses under the new standard for measuring credit losses on financial statements.

IRS enforcement efforts target cryptocurrency transactions

By Charles Kolstad, Elliot Galler 7 min read

The IRS considers Bitcoin and other virtual currency to be property and not fiat currency.

Moore Stephens and Andersen Tax rebrand

By Michael Cohn 3 min read

Two firm networks are shortening their names, adopting the brands Moore North America and Andersen.

Art of Accounting: Rip Van Winkle effect for small CPA firms

By Edward Mendlowitz 4 min read

Things change, and change can be upsetting and unsettling.

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'People are the backbone of the profession'

By Daniel Hood

Finding and keeping the right kind of people, innovation and technology are among the top issues the accounting profession needs to grapple with, according to Marcum LLP's Jeff Weiner.

Communicating clearly about communication

By Amy Vetter 5 min read

From the Big Four firms, to small family-owned firms, all the way to completely virtual firms, communication is the backbone of a productive work and service environment.

AICPA Foundation awards inaugural William (Bill) Ezzell Scholarships

By Sean McCabe 2 min read

The American Institute of CPAs Foundation recognized five CPAs pursuing their accounting doctorates with one-time, $10,000 scholarships.

Tax dodgers’ ‘phantom’ cash makes up 40% of foreign investment

By Chris Bourke 1 min read

Almost 40 percent — or some $15 trillion — of the world’s foreign direct investment is “phantom capital” designed to minimize the tax bills of multinational firms, according to a study published by the International Monetary Fund.

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