CW Associates, CPAs, based in Honolulu, Hawaii, has announced that their annual accounting scholarship at the Shidler College of Business at the University of Hawaii at Manoa has been upgraded to an endowment. CW Associates donated $50,000 to elevate its annual scholarship to an endowment. Launched in 2014, the original scholarship has been awarded to […]

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New York and New Jersey have sued to find out why President Donald Trump’s administration scrapped an Internal Revenue Service rule requiring some tax-exempt organizations to disclose their donors. The change, announced in July 2018, eliminates from federal and state filings a category of information the states rely on to identify potential self-dealing transactions, criminal […]

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A team representing the University of South Carolina won first place at the Deloitte Foundation’s 2019 National Audit Innovation Campus Challenge, held at Deloitte University in West Lake, Texas. The annual competition invites students and faculty members from across the country to test their audit skills in real-world scenarios. Student teams from 52 colleges and […]

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There is an old adage, “Banks will only lend money to people who don’t need it.” Well, what if your self-employed clients do need access to capital? On one hand they will want to reduce as much of their self-employed income that the tax laws allow; however, they are going to need to show a […]

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The Internal Revenue Service has decided to once again expand a program that allows retirement plans to receive determination letters after announcing four years ago it was curtailing the program. Andrew Harrer/Bloomberg In 2015 the IRS announced it would eliminate the staggered five-year determination letter remedial amendment cycles for individually designed plans because of limited […]

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As generations succeed each other at accounting firms, they need to do a better job of handing off work, clients, knowledge and more, and ConvergenceCoaching partner Tamera Loerzel has valuable advice on making sure nothing gets lost.

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Whether you call it the Information Age, the Fourth Industrial Revolution, or just Tuesday, there can be no doubt that a massive wave of technological change is sweeping over every sector of the economy. Many businesses are being swamped, and many others are barely staying afloat — but a small group are riding the wave […]

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Many accounting firms have had it pretty good for the past dozen years. Complexity is on the rise, technology continues to provide gains within service margins, and the CPA continues to be among the most trusted advisors in the world. This combination of factors would make any publicly traded company jealous. Even when compared to […]

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Senator Elizabeth Warren and other lawmakers asked the Internal Revenue Service and the Federal Trade Commission to investigate whether tax preparation companies are hiding their free services by manipulating search engines. Warren, a Massachusetts Democrat and candidate for president, charged that companies, including HR Block and TurboTax, a unit of Intuit Inc., were deliberately directing […]

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