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January 18, 2022

Prepared for Voornaam

IRS pilots program to fast-track private letter rulings

By Michael Cohn       2 min read

The Internal Revenue Service is pilot-testing a program for the next year and a half to expedite requests for rulings and determination letters for corporate taxpayers. View story →

On the move: Yeo & Yeo CEO begins term

Illinois CPA Society posts latest in Black CPA Centennial video series and announces Mary T. Washington Wylie Internship scholars; AICPA bestows 2021 CPA Evolution Resource Competition Awards; and more CPA news.  View story →

RELATED

AICPA announces winners of 2021 CPA Evolution Resource Competition →

Accounting educators were honored for their educational resources based on the new CPA Evolution accounting curriculum developed by the AICPA and NASBA.

Creating content for accountants

By Daniel Hood      

Mike Whitmire and Drew Carrick take us behind the scenes of creating the first comedy series for accountants, "PBC." View story →

BKD expands into Arizona

By Daniel Hood       1 min read

The Top 15 Firm has moved into the Phoenix market with the acquisition of Mesa-based Schmidt Westergard. View story →

The Growth Partnership merges with IPA

By Daniel Hood, Michael Cohn       4 min read

The combination brings two major accounting surveys under one roof, but will keep them independent. View story →

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Art of Accounting: Withum State of the Firm 2022

By Edward Mendlowitz       3 min read

About 300 Withum’ers attended the annual event in person and 1,200 watched on Zoom.  View story →

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IRS updates Recovery Rebate Credit and EIP guidance

By Michael Cohn       2 min read

The Internal Revenue Service added more information on the Recovery Rebate Credit, providing extra details on its Frequently Answered Questions document about finding the first Economic Impact Payment amounts to calculate the credit. View story →

MGO names new president and chief experience officer

By Sean McCabe       2 min read

Danielle Berg, formally of Aprio LLP, joins the Top 100 Firm following roles as chief marketing officer and chief growth officer.  View story →

IRS opens Free File program for 2022

By Michael Cohn       2 min read

The Internal Revenue Service made its Free File program available on Friday, allowing taxpayers who earn less than $73,000 in adjusted gross income to start preparing and filing their tax returns for free. View story →

Top Democrat targets accounting firm and others in opportunity zone probe

By Laura Davison       2 min read

Sen. Ron Wyden is targeting Top 15 Firm Baker Tilly and others in an investigation into whether opportunity zone investments are benefitting low-income areas as intended. View story →

IRS targets your side hustle in crackdown on transactions over $600

By Jenny Surane       3 min read

Starting this month, users selling goods and services through such popular sites as Venmo, Etsy and Airbnb will begin receiving tax forms if they take a payment of more than $600.  Read story →

Auditors urged to keep an eye on inflation risks

By Michael Cohn       6 min read

With inflation reaching a 40-year high, consumers are feeling its cascading effects, and internal auditors should probably start keeping tabs on inflation risks as well. Read story →

AICPA announces winners of 2021 CPA Evolution Resource Competition

By Sean McCabe       2 min read

Accounting educators were honored for their educational resources based on the new CPA Evolution accounting curriculum developed by the AICPA and NASBA. Read story →

Tax Fraud Blotter: There’s nothing like a good fraud

By Jeff Stimpson       6 min read

ITS over; bad chemistry; international intrigue; and other highlights of recent tax cases. Read story →

Florida CPAs meet with state lawmakers

By Michael Cohn       2 min read

The Florida Institute of CPAs held an annual in-person event Wednesday to meet one-on-one with lawmakers in the state capitol in Tallahassee. Read story →

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REPORT

Lease accounting adoption – market snapshot

In this report, learn where your peers stand on implementation and plans for achieving compliance with ASC 842 & GASB 87. Learn More →

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