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Southern California firm HMWC CPAs Business Advisors recently held its 41st annual “Death March” hike in the Big Sur region of the California coast. Firm partners, staff members, families, friends and clients attended. The hike was started by former managing partner Gerry Herter in 1979, who saw the event as the ultimate team-building exercise. “With […]
The American Institute of CPAs has awarded Indira Karimova, an undergraduate student at the University of Texas at Tyler, Beta Alpha Psi’s Medal of Inspiration Award. The award was presented Friday at the Beta Alpha Psi Annual Meeting in Chicago. Indira Karimova AICPA The annual award, sponsored by the AICPA, is given to a Beta […]
The Treasury Department and the Internal Revenue Service released a redesigned Form W-4 on Friday for tax year 2020, making a number of changes to earlier draft versions of the form after hearing complaints from tax professionals. The Treasury said it doesn’t expect to make further changes to the redesign beyond some minor updates for […]
Both public and private companies are underestimating the challenges of transitioning to the new lease accounting standard, according to a new survey. The survey, by lease accounting technology company LeaseQuery, found that only 37 percent of companies in the early stages of implementation anticipate that their transition would be difficult. However, 67 percent of companies […]
A group of 42 Senate Democrats has sent a letter to Treasury Secretary Steven Mnuchin, urging him to refrain from unilaterally cutting capital gains taxes without congressional approval by indexing the tax rate to inflation. The group, led by Senate Finance Committee ranking member Ron Wyden, D-Oregon, Senate Banking Committee ranking member Sherrod Brown, D-Ohio, […]
While cloud hosting provider Insynq posted a message online within an hour of identifying a major ransomware attack on July 16, and followed up with one or two mass emails to customers each day afterward, the company had to put limits on the information it shared — to avoid giving its attackers an edge. “A […]
It seems that in every industry today, data is the stuff of wild imaginings. Some people envision the creation of secure industry ecosystems, where smart contracts automatically trigger prearranged payments to multiple parties. Others imagine supply chains that match the systematic production of goods to real-time consumer demand. And a few intrepid visionaries posit the […]
Real estate investors who want to maximize the return on investment from participating in the opportunity zone program will reap extra tax breaks if they finalize the transaction before the end of the year, but one expert is still urging they do their due diligence before rushing into the program. The Tax Cuts and Jobs […]
There’s a new wrinkle in the annual wave of sales tax holidays that arrive in states around the country every summer around the time of back-to-school sales, and that’s the Supreme Court’s decision last year in the case of South Dakota v. Wayfair. In that much-heralded ruling, the justices allowed South Dakota to impose sales […]
Stuart Kessler, CPA, PFS, a former president of the New York State Society of CPAs and the Accountants Club of America, chairman of the American Institute of CPAs, founding partner of Goldstein Golub Kessler and senior tax director at CohnReznick, has died. Stuart Kessler Kessler was frequently named among Accounting Today’s Top 100 Most Influential […]
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