People on the move: Andy Armanino named Moore Global chairman
BKD names three office managing partners; LBMC appoints SALT leader; and more personnel news.
Month: October 2019
Firms on the move: UHY opens Long Island office
AICPA announces 36 Leadership Academy grads and grants 25 fellowships to minority students; RKL and Baker Tilly named Best Places to Work in Pennsylvania; and more CPA news.
Better client meetings: Summary letters are a game changer
In my last article, I explained the value of having a concise, well-organized agenda to keep client meetings on track. Now that you’ve had a great meeting, it’s essential to follow up on your promises, action items and deliverables from that meeting. That’s where the meeting summary letter comes in. A summary letter is a […]
IRS revises Form 1040 schedule to ask about virtual currency
The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum. The question asks, “At any time during 2019, did you receive, […]
SEC replaces PCAOB board member with White House aide
The Securities and Exchange Commission has named Rebekah Goshorn Jurata, a special assistant to the president for financial policy on the White House’s National Economic Council, as a new board member at the Public Company Accounting Oversight Board, replacing Kathleen Hamm, whose short partial term expires this month, even though Hamm had expressed interest in […]
AICPA questions goodwill impairment model in letter to FASB
The American Institute of CPAs’ Financial Reporting Committee has sent a letter to the Financial Accounting Standards Board questioning the costs and benefits of FASB’s current goodwill impairment model. The letter, which the AICPA’s FinREC group sent last week to FASB, comes in response to an invitation to comment from FASB. FASB had asked whether […]
AICPA questions goodwill impairment model in letter to FASB
The American Institute of CPAs’ Financial Reporting Committee has sent a letter to the Financial Accounting Standards Board questioning the costs and benefits of FASB’s current goodwill impairment model. The letter, which the AICPA’s FinREC group sent last week to FASB, comes in response to an invitation to comment from FASB. FASB had asked whether […]
Paychex unveils wearable tech, teases products for 2020
HR and payroll solutions provider Paychex introduced several new products this month, including a smartwatch plug-in for Flex Time users. Some of the new products make use of artificial intelligence software and GPS functionality to push payroll technology into the high-tech arena, and some will be fully launched next year. “The future of HR will […]
Meet the 2019 Best Firms for Women
Each year, Accounting Today recognizes the 100 Best Firms to Work For in the U.S. — and then picks the 10 Best Firms for Women from among those based on the responses of their female staff to a comprehensive employee survey. View the full report here, and see below for a quick introduction to these […]
Tax Fraud Blotter: Methy business
Everybody out of the Pool; dying Embers; the House falls; and other highlights of recent tax cases. Middletown, Connecticut: Eugene Carlin, 59, has been sentenced to 18 months in prison, to be followed by three years of supervised release, for drug trafficking and tax offenses. In July 2018, police searched Carlin’s residence and seized approximately […]
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