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There is no aspect of the accounting profession left untouched by technology, and no corner left unimproved; if there is any lesson to be drawn from the very wide range of tools our editors singled out as the Top New Products from the past 12 months, that is surely it. From tools that create better […]
Renaissance Technologies, the giant hedge fund founded by billionaire Jim Simons, looks like it has created the premier, tax-free retirement account for its employees. A deft maneuver back in 2012 enabled employees to invest in RenTech’s storied Medallion Fund via individual retirement accounts, or IRAs, which provide tax benefits for millions of ordinary Americans savers […]
Brown Smith Wallace, St. Louis, promoted eight principals to partner: Kevin Boeving, Jen Vacha and Debbie Vandeven in tax services; Scott Brandt, audit services and construction industry group leader; Todd Goldenhersh in audit services; Amy Ribick and Anne Ritter in advisory services; and Dan Schoenleber in transaction advisory and litigation support services. KPM CPAs Advisors, […]
Garrett Rowland/Spectorgroup Marcum, New York, released its quarterly CEO Survey for the fourth quarter of 2018, which found chief executives have a mixed outlook on the business environment over the next year. The survey is available at the firm’s website. EisnerAmper, New York, was named a 2019 Turnaround Award winner, part of the Refinancing Deal […]
Last year, Deloitte launched the Tax in 2020 initiative, a three-year digital transformation plan. On Thursday, the Big Four firm confirmed that investment in building a seamless digital experience for its global tax clients is a key component of the plan. Tax in 2020 aims to provide insights to help Deloitte’s clients better manage their […]
The impending transition from LIBOR to SOFR as the reference rate in the global financial market may seem to concern mostly banks and other kinds of financial institutions, but it can also have an impact on accountants and their organizations and clients. On June 22, 2017, the Alternative Reference Rates Committee of the Federal Reserve […]
QuickBooks launches online sales tax calculator QuickBooks has launched a sales tax calculator landing page on its site aimed at helping small and midsized businesses see how local sales tax affects their business. The sales tax calculator, which is free to use, automatically takes into consideration relevant key information from a business, and tracks and […]
The Internal Revenue Service reportedly had to cope with 5 million pieces of unopened mail when its employees returned to work after the 35-day government shutdown, and the agency posted advice on its website on how it was working to resume normal operations. Andrew Harrer/Bloomberg For taxpayers who are undergoing tax audits and the tax […]
The U.S. Bureau of Labor Statistics reported Friday that employment increased by 304,000 jobs in January, although the unemployment rate edged up to 4.0 percent. Employment in the accounting and bookkeeping sector increased 1,029,700 to 1,087,500. Job gains also occurred in several other industries, particularly leisure and hospitality, construction, health care, transportation and warehousing. The […]
Top 10 Firm CliftonLarsonAllen LLP has expanded in Seattle, by merging in Watson McDonell, effective Feb. 1, 2019. CliftonLarsonAllen’s offices Courtesy of CliftonLarsonAllen As part of the deal, 15 former Watson McDonell team members will join CLA, expanding its Washington team to more than 340 professionals. Financial terms of the deal were not disclosed. CLA […]
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