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Month: February 2019

M&A roundup: Deals in Virginia, Colorado, New York, North Carolina and California

By Admin
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February 28, 2019
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| Tax News And Info

Details: Heyward CPA PLCC, a firm in Durham, North Carolina, and A-OH Business Services of Queens, New York have combined practices and now operate as Heyward CPA PLCC, effective Jan. 1, 2019. The two firms were founded by father and son accountants. The father, Oscar Heyward, opened his practice in 1982, while his son James […]

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Posted in Tax News And Info Tagged irs, tax news

Treasury noncommittal on waiving tax penalties for under-withholding any further

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February 28, 2019
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| Tax News And Info

The Treasury Department so far isn’t agreeing with requests from congressional Democrats and the American Institute of CPAs to go further in eliminating tax penalties for taxpayers who didn’t withhold enough taxes last year after passage of the Tax Cuts and Jobs Act. Last month, the IRS announced that it would generally waive the tax […]

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Posted in Tax News And Info Tagged irs, tax news

Cohen opens Trump to potential legal risks with new allegations

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February 28, 2019
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Michael Cohen unfurled a series of damaging accusations against his former boss Donald Trump in a day of testimony before Congress, including assertions that may pose additional legal peril for the president. Trump’s former lawyer and fixer offered potentially damaging specifics on at least three possible misdeeds, starting with his assertion that Trump inflated the […]

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Posted in Tax News And Info Tagged irs, tax news

PCAOB adds risk management and data officers

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February 27, 2019
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The Public Company Accounting Oversight Board has set up a new Office of Enterprise Risk Management, to be led by Sue Lee, who will be the PCAOB’s first chief risk officer. The board also named Eric Hagopian as its first chief data officer. The two announcements Monday from the PCAOB indicate two more changes it […]

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Posted in Tax News And Info Tagged irs, tax news

SALT cap will leave nearly 10.9M people feeling tax pain

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February 27, 2019
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| Tax News And Info

About 10.9 million people are losing out on one of their most prized tax breaks — the deduction for state and local taxes. That’s the number of people the Treasury Inspector General for Tax Administration estimates had tax bills above the $10,000 deduction cap included in the 2017 tax overhaul. The law limited the amount […]

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Posted in Tax News And Info Tagged irs, tax news

In the blogs: Get appy

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February 27, 2019
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| Tax News And Info

Using LinkedIn right; this year’s sales-tax holidays; alternative methods of apportionment; and other highlights from our favorite tax bloggers. Get appy Wolters Kluwer (http://news.cchgroup.com/): What are your biggest tax season challenges? How many of these tax season challenges are you facing? You’d think it’s the day-to-day potholes that get filled while the long-term craters go […]

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Posted in Tax News And Info Tagged irs, tax news

Innovation requires a shift in mindset

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February 26, 2019
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| Tax News And Info

2019 is in full swing and it’s safe to say what the buzzwords of the year will be: innovation, disruption, AI and blockchain. Newsfeeds are abounding about how these technologies will automate the accountant’s role and their potential impact on the profession as a whole. “How much is hype?” and “When will these advancements really […]

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Posted in Tax News And Info Tagged irs, tax news

C-suite execs big on innovation, but not its budgeting

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February 26, 2019
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| Tax News And Info

Nearly half of C-suite executives claim their organizations spend more than 5 percent of their budgets on innovation; however, 42 percent of these executives also cite budgeting as innovation’s biggest hurdle, according to a new survey by Big Four firm Ernst Young. Conducted by Wakefield Research, the poll questioned 500 C-suite executives from U.S. companies […]

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Posted in Tax News And Info Tagged irs, tax news

CPA Consultants’ Alliance website hacked

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February 26, 2019
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| Tax News And Info

The CPA Consultants’ Alliance informed its clients this month that its website had been hacked, with several fake blog entries touting cannabis-related products posted on the site and emailed to everyone on the organization’s mailing list. The CPACA members, a group of consultants who advise CPA firms about technology, marketing and business development, realized the […]

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Posted in Tax News And Info Tagged irs, tax news

Firms & people on the move: Armanino launches blockchain practice

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February 25, 2019
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| Tax News And Info

Oliver Dennison (pictured) was hired as a managing director in the financial services advisory practice at Grant Thornton, New York. Jonathan Gold was hired as a principal in the tax services group at Prager Metis, White Plains. Michael Flagiello and Alex Unterkoefler were hired as senior managing directors in the global insurance services practice, within […]

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Posted in Tax News And Info Tagged irs, tax news
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