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The Governmental Accounting Standards Board announced an improvement to its existing standards to provide a single method for government issuers to report conduit debt obligations and related commitments. This enhanced guidance, Statement No. 91, “Conduit Debt Obligations,” was first proposed last August as an attempt to eliminate differences in practice. It updates Interpretation No. 2, […]
Wipfli has partnered with Paladion, a cybersecurity and managed detection and response services company. Cybercrime is on the rise, and several accounting software companies have experienced breaches in recent months. Accounting firms who are proactive on security services are placing themselves ahead of the curve. “Cyber threats continue to increase at an extremely fast pace […]
Professional services providers like tax practitioners and accountants face some unique challenges when it comes to building strong online presences. With no tangible products to sell — which means no product photos to spruce up a web page, and no shopping carts to create a call to action — firms need to pay particular attention […]
I always wanted my own practice, and my father told me that I wouldn’t be able to grow it unless I had people working for me. He was right, but he never told me they would always listen to me or do what I wanted them to do. I’ve had many missteps and it took […]
Lawmakers in the House and Senate have introduced bipartisan legislation to give the Internal Revenue Service more authority to provide tax relief for taxpayers who have to make tax payments or file their taxes after a state-declared natural disaster occurs near the deadline. The bill, known as the Filing Relief for Natural Disasters Act, was […]
Todd Stokes (pictured), partner at Baker Tilly Virchow Krause, Chicago, was appointed to lead the firm’s people strategy. Stokes most recently served as managing partner for the D.C. market, and will be succeeded by Monica Modi Dalwadi. Lou Brothers was hired as a principal for IT due diligence in the national transaction advisory services practice […]
Armanino, San Ramon, launched Armanino AI Lab, designed for business executives seeking to integrate AI technology in their organizations. Members of the AI Lab will be able to attend peer-to-peer meetings; have exclusive access to product and vendor reviews; connect with Armanino’s data scientists, AI developers and consultants; learn about AI best practices; and execute […]
On April 11, four days before the filing deadline, the IRS quietly added 21 questions to its website page of frequently asked questions about issues related to Section 199A, the new 20 percent deduction for pass-through businesses. Timothy Fadek/Bloomberg While technically not binding on the IRS or taxpayers, the page does give insight into the […]
Armanino LLP, a top 25 firm based in California, has opened an AI Lab. The lab is aimed at demystifying artificial intelligence for executives looking to implement the technology in their businesses. Months in the making, the Armanino AI Lab will provide a practical way to approach integrating AI in business using the three core […]
Setting up your firm to focus on serving the accounting needs of a specific industry, or special service, is a powerful way to set your accounting practice apart from the rest. This approach establishes your firm as one with an edge over competitors who offer broader-reaching, generalized accounting services. When you tailor your focus and […]
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