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October 12, 2021

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IRS TE/GE division sets priorities for 2022

By Michael Cohn       6 min read

The Internal Revenue Service’s Tax Exempt and Government Entities division is making plans for next fiscal year in hopes that Congress will provide more funding. View story →

On the move: INCPAS celebrates 17th annual CPA Day of Service

By Danielle Lee      

Value Reporting Foundation adds eight members to SASB group; Grant Thornton and BDO release annual surveys; and more CPA news.  View story →

RELATED

NYSSCPA CEO announces retirement →

Joanne Barry, who has served as CEO and executive director of the NYSSCPA since January 2010, will step down in May 2022.

M&A roundup: Adams Brown, Gettry Marcus and Mugford & DiBella expand

By Michael Cohn      

Adams Brown plans to acquire Fortner & Short; Gettry Marcus added Wagner & Zwerman; and Mugford & DiBella bought Fasulo & Albini CPAs. View story →

Firms giving back: Grant Thornton names 2021 Purple Paladin recipient

By Sean McCabe      

The Georgia of Society of CPAs holds its eighth annual Accounting Food Fight, and the Indiana CPA Society's holds its 17th annual CPA Day of Service. View story →

7 questions about holding companies and LLCs

By Nellie Akalp      

Various factors influence how business owners structure their companies and whether they decide to set up a holding company.  View story →

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The accounting industry has made strides in diversity, but more work remains

By Elizabeth Beastrom       4 min read

We need more women and people of color in the accounting industry. So, are we doing enough to make that happen? View story →

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Employers added 194K jobs in September, including 300 in accounting

By Michael Cohn       3 min read

The unemployment rate fell by 0.4 percentage point to 4.8%, as the economy continues its slow recovery from the COVID-19 pandemic. View story →

Is your accounting ready for the cloud?

By Gregg Genovese       4 min read

Businesses are turning to cloud-based solutions, but may end up facing roadblocks due to limitations in software.  View story →

Global tax overhaul advances as 136 nations sign on

By William Horobin and Isabel Gottlieb       1 min read

Nations resolved key differences over the level of a global minimum rate and an end to new digital taxes. View story →

Global tax talks race against clock as holdouts fall into line

By Craig Stirling       3 min read

Global talks to reshape the corporate tax landscape are resuming on Friday with some holdouts to the international consensus on a minimum rate falling into line to back an agreement that still hangs in the balance. View story →

Art of Accounting: Checklist for an exit plan for business owners

By Edward Mendlowitz       6 min read

Even with no desire to sell or end the business, planning can present a way the owner could exit on their own terms. Read story →

Tax Fraud Blotter: Flaws in the system

By Jeff Stimpson       5 min read

Dutch treat; ain’t no Sunshine; the trouble with truffles; and other highlights of recent tax cases. Read story →

Ireland drops 12.5% tax pledge as global deal races to finish

By Morwenna Coniam       3 min read

The country's climbdown removes one hurdle to an unprecedented deal that would reshape the landscape for multinationals.  Read story →

PCAOB offers guidance on using audit evidence from outside sources

By Michael Cohn       2 min read

The Public Company Accounting Oversight Board staff issued guidance on some of the considerations auditors should have about the relevance and reliability of information they get from external sources and plan to use as audit evidence. Read story →

It's not the great resignation, it's a mighty migration

By Lyle Ball      

Accountants are leaving their firms in droves for better opportunities. Here's why. Read story →

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