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Economic confidence in the U.S. rebounded strongly in the fourth quarter of last year, according to a new survey by the Association of Chartered Certified Accountants and the Institute of Management Accountants. The quarterly Global Economic Conditions Survey by the ACCA and the IMA found 31 percent of the CFOs and finance professionals surveyed in […]
ILLINOIS APEX CPAs Consultants merges in Morrison Associates Details: Apex CPAs Consultants, a firm based in St. Charles, is merging in Morrison Associates to become the biggest CPA firm headquartered in the Tri-Cities area of Illinois. The merger will only involve the accounting side of Morrison, but its wealth management division will stay independent. The […]
Cherry Bekaert LLP, a Top 100 Firm, has expanded its state and local tax practice by acquiring Windward Tax LLC in Alpharetta, Ga., effective Dec. 31, 2017. Windward has decades of experience in sales and use tax consulting, sales and use tax minimization strategies, sales tax nexus, and sales and use tax compliance, mainly to […]
RSM reported its international network of accounting firms broke through the $5 billion mark in annual revenue globally. Each of RSM’s service lines saw revenue increases last year, with tax advisory leading the way at 5.7 growth. Tax services similarly grew 4.8 percent in North America and 17.0 percent in the Asia Pacific region. After […]
U.S. multinational corporations should scrutinize how they report foreign source income. A recognized foreign tax credit planning technique employed by U.S. multinational corporations is to elect to apportion interest expense by reference to fair market value rather than the tax book value of assets that generate U.S. and foreign source income (known as a “fair […]
Honkamp Krueger Co., P.C., has acquired a fellow Iowa-based firm, Gabelmann Associates, effective Jan. 1, 2018. Honkamp is based in Dubuque, while Gabelmann is located in Bettendorf. Financial terms of the deal were not disclosed. Honkamp Krueger ranked 61st on Accounting Today’s 2017 list of the Top 100 Firms, with $681 million in annual revenue. […]
While the Tax Cuts and Jobs Act made some changes to the charitable giving provisions in the Tax Code, the climate for giving to private foundations is as strong or stronger than it has ever been, according to Jeffrey Haskell at Foundation Source. Haskell, who heads a team of accountants and attorneys providing services to […]
Many midsized Baby Boomer business owners are now facing the single most important financial decision of their lifetimes: how to successfully exit from their businesses. For most, their company is their economic and financial lifeline. Many have thought about transferring the business to their children or management team (“insiders”), but have not gauged their passion […]
Now is the time of year when many of us sit down to finalize our business plans for 2018 and beyond. Like most professionals, CPAs will say they want to hit X amount of revenue or land X new clients in the coming year. But those numbers are just a byproduct of how you do […]
Big Four firm PwC and Accruent, which makes physical resource management software, have partnered to address the upcoming lease accounting changes from the Financial Accounting Standards Board and the International Accounting Standards Board. Accruent will contribute its expertise developing and implementing software for lease administration and accounting, and PwC will contribute its experience delivering lease […]
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