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Deals in Indiana, Ohio and Iowa are in the news for this roundup. INDIANA Somerset CPAs and Advisors adds Jongleux CPA Group Details: Somerset CPAs PC has merged in Jongleux CPA Group PC, expanding its presence in Indianapolis, where both firms are based. As part of the deal, Jongleux director A. Dave Jongleux, plus other […]
The Financial Accounting Standards Board has released staff guidance on FASB’s new credit losses standard and how to estimate credit loss reserves. The document includes a set of questions and answers on specific issues related to the weighted average remaining maturity (WARM) method for estimating the allowance for credit losses. Banks and other financial institutions […]
TaxJar, which makes tax automation software for e-commerce businesses, has closed a $60 million growth equity round of funding led by Insight Venture Partners. Tax automation providers are enjoying a moment in 2019, since the 2018 Supreme Court decision on online sales tax in the South Dakota v. Wayfair decision, and as the current administration […]
BDO USA LLP announced two acquisitions Wednesday, of Global Trade Strategies Inc., an Atlanta-based firm that specializes in customs and international trade regulation, and Lootok, a New York-based firm that handles crisis management and business continuity consulting and technology. As part of the Global Trade Strategies acquisition, BDO is launching a customs and international trade […]
The American Institute of CPAs and the National Conference of CPA Practitioners are separately asking the Internal Revenue Service to refrain from imposing underpayment and underwithholding penalties on taxpayers in response to some extensive changes in the Tax Cuts and Jobs Act. AICPA Tax Executive Committee chair Annette Nellen sent a letter Wednesday to IRS […]
Senate Finance Chairman Chuck Grassley said he’s examining his authority to obtain President Donald Trump’s tax returns, a move to ensure he could see any forms his Democratic counterpart in the House potentially receives. Grassley said he’s planning to meet with nonpartisan congressional tax advisers to learn more about the process. Under a decades-old law, […]
When the Tax Jobs and Cuts Act was passed in a whirlwind vote at the end of 2017, there were significant questions that arose regarding the implementation of the new law — and one of the biggest sticking points was the 20 percent deduction under Section 199A. It took the IRS a little over seven […]
Allinial Global, an association of independent accounting and consulting firms, has introduced AG AdvantEdge, a new division for early-stage and entrepreneurial smaller firms. The division aims to help member firms grow their operations and compete more effectively with larger firms. It will give them various technical tools, learning and development options, and opportunities for networking […]
LH CPAs and Advisors has expanded in Dallas with the addition of two more CPA firms, Fish Davis CPAs and Homer Brown, CPA, effective Jan. 1, 2019. LH was founded in 2017 from a merger between three Dallas-area firms: La Verdure Associates, PC; Henvey CPA, LLC; and Atlas Tax Advisors. The firm’s new team members […]
Courtesy of CBIZ CBIZ has acquired “substantially all” of the assets of Greenwood, Village, Colorado-based CPA firm The Wenner Group LLC, as of Jan. 1, 2019. The Top 100 Firm plans to integrate TWG into its Denver-based financial services practice, where it will report to senior managing director Dan Seff. The combination adds 14 employees […]
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