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A group of Senate Democrats has launched an investigation of the regulatory process for the Tax Cuts and Jobs Act and the ways in which exceptions were made for corporations as a result of fierce lobbying with the passage of the 2017 tax overhaul. Senate Finance Committee ranking member Ron Wyden, D-Ore., along with Senators […]
American Citizens Abroad, a group that promotes the interests of U.S.-born expatriates, has updated and relaunched its online Expat Tax Services Directory of firms providing tax services, tax preparation, accounting services, financial advisory and legal services. The group advocates for adoption of residency-based taxation in response to laws like the Foreign Account Tax Compliance Act, […]
This is what CPAs should be focused on. The client’s perceived value is not in compliance. It is in how they can use you to build the value of their business, help them make more money, give them time back to enjoy their life or free up time so they can implement their next vision. […]
Filing taxes last year was a nightmare for taxpayers, their accountants and the Internal Revenue Service. This year might not be much better. The IRS is still working to issue guidance for the changes to the tax code signed into law more than two years ago. Congress also passed a series of tax breaks late […]
They might sound crazy rich to ordinary Americans — and plain old crazy to 0.1 percenters: They’re millionaires who actually want to pay more in taxes. They call themselves the Patriotic Millionaires, and they say with straight faces it’s time the ultra-affluent kick in more to Uncle Sam. If they’re traitors to their class, they’re […]
Barry Pennett has been named to the new role of vice president and general manager of Intuit’s ProConnect Group, just in time for tax season. ProConnect is the company’s professional tax preparer software, built on the Lacerte engine. Pennett has been with Intuit for 13 years, heading up its accountant sales. Before joining Intuit, he […]
A group of international accounting organizations is calling for improved reporting and action on the UN’s Sustainable Development Goals to hit the ambitious goals set for 2030. The organizations include the International Federation of Accountants (IFAC), the Association of Chartered Certified Accountants (ACCA), the Institute of Chartered Accountants of Scotland (ICAS), Chartered Accountants Australia and […]
Savings for the top six U.S. banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders. JPMorgan Chase Co., Bank of America Corp., Citigroup Inc., Wells Fargo Co., Goldman Sachs Group Inc. and Morgan Stanley posted […]
Ericksen Krentel elects new MP; Aprio promotes a dozen to partner and director; and more personnel news.
Marketing directors and partners at accounting firms share the same goal: advancing the firm’s brand and helping it achieve specific growth and profitability targets. Yet lurking below their unified vision of firm success there is often a sense of internecine rivalry — explicit or more subtle — where marketing may almost be seen as an […]
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