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There is a wide chasm between talking about value and making your firm a “value-based-firm.” The first step in transforming your firm from just another accounting firm into a VBF is to develop the strategic framework that will consistently deliver value to your clients. There have been tons of articles written about strategy, its importance […]
The House Ways and Means Oversight Subcommittee held a hearing Wednesday on the Internal Revenue Service’s online taxpayer authentication efforts after a string of security breaches in recent years. The IRS has needed to add extra authentication technology to several of its online applications after they suffered security breaches, including its Get Transcript, electronic filing […]
Patrick T. Fallon/Bloomberg KPMG LLP is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team responsible for U.S. cross-border transactions in Africa quit because of limited workflow, […]
Savannah, Georgia-based Hancock Askew Co. LLP is expanding to Tampa, Florida, through a merger with Brand Tax Group. Brand Tax Group was founded in 2009, and has a staff of eight and revenue of approximately $1.2 million. Managing director Kristen Brand will be joining Hancock Askew as managing partner of the firm’s Tampa office. “The […]
Bloomberg News The Internal Revenue Service is considering relaxing the rules for companies to qualify for tax-free spinoffs — a shift that could benefit drugmakers and tech firms with promising early-stage products. The agency said Tuesday it’s looking into whether units should still be required to generate revenue before a spinoff from a larger company […]
Etlworks, founded in 2016, is now ready to release its core product: an out-of-the-box, cloud data integration tool called Etlworks Integrator. Available now, Etlworks Integrator is built to support a range of configurable data integration scenarios. The system connects all data from a firm’s cloud-based and on-premise software and is able to implement extra features […]
Comedian and actress Tiffany Haddish took to Instagram recently to complain that the Internal Revenue Service has lost its personal touch. In a video posted late last week, the “Night School” star asked the IRS (and the California State Franchise Tax Board) why, even though she pays her taxes “on time every year all the […]
Andrew Harrer/Bloomberg A firmware bug that caused a storage array to fail was the root cause of the outage that downed many critical Internal Revenue Service systems for almost half of Tax Day 2018, according to a new report. While noting that the IRS’s “substantial efforts” allowed it to resume processing tax returns after 11 […]
Expense management software provider Certify has acquired Captio, a provider of the same services in Europe, for an undisclosed sum. The buy is Certify’s first outside North America. The company bought the TE company Abacus this year, and was itself bought and merged in with Nexonia, ExpenseWatch and Tallie last year, an effort by K1 […]
Top 100 firm Eide Bailly announced the winners of its 2018 Nonprofit Resourcefullness Awards this week, highlighting nonprofits with “creative and sustainable revenue ideas” in Arizona, Colorado, Minnesota, North Dakota and Utah. The firm awarded $75,000 in all. Grand prize winners receive $10,000, with runners-up receiving $2,500. “We continue to be amazed by the innovation […]
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