Anders CPAs + Advisors plans to merge in Cummings, Ristau Associates at the end of June; and Adams, Brown, Beran Ball, Chtd.has acquired the Jonesboro, Arkansas, office of EGP PLLC.

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The Internal Revenue Service has issued a set of proposed regulations to provide guidance on the elimination of the deduction of qualified transportation fringe and commuting expenses in the Tax Cuts and Jobs Act. The TCJA got rid of the traditional deduction for qualified transportation fringe expenses and generally doesn’t allow employers to claim the […]

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Internal Revenue Service employees are beginning to go back to their offices to deal with the mountain of paperwork awaiting them, even as some are testing positive for COVID-19, but they quickly adapted to working remotely in recent months, according to a group of top IRS officials. IRS employees in Utah, Texas and Kentucky began […]

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Markus Braun’s almost two decades as Wirecard AG’s chief executive officer ended after accusations about the company’s accounting culminated in a shock disclosure that it was unable to locate 1.9 billion euros ($2.1 billion). James Freis has been appointed interim CEO, Wirecard said in a short statement Friday. A recent hire and former compliance executive […]

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For B2B sellers, extending credit to customers always carries a degree of risk — payments could be delayed, or worse yet delinquent, jeopardizing working capital. But in an economic crisis, that risk is compounded. When finances are strained, sellers are caught between the need to support customer purchasing and safeguarding their own working capital. And […]

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Mindbridge named a World Economic Forum Technology Pioneer; Mazars USA opens office in Dallas; and more CPA news.

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Fathom, which makes business analytics software, has created an educational platform to help accountants grow their businesses. Advisable taps advisory teams from around the world who share their insights and experience. “Our goal with Advisable is to help connect accountants with others who are on the same advisory journey,” said Andrew Jordon, Fathom’s director of […]

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The Internal Revenue Service provided guidance Friday to taxpayers who are taking advantage of some provisions in the CARES Act that allow them to take out money from their retirement accounts to deal with the economic fallout of the COVID-19 pandemic. With the Labor Department reporting Thursday that first-time unemployment claims amounted to 1.5 million […]

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It’s a frequent scenario. Your accounting firm’s partners are all baby boomers, either planning or dreaming about retirement. Every year you ask yourselves: Is this the year to look at selling or merging? For some, the COVID-19 environment has intensified that questioning. For others, it may be too soon — or they just can’t think […]

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Not ferry nice; bettering their living conditions; precious Metal; and other highlights of recent tax cases. Grand Prairie, Texas: Preparer Oma Michel Ungu, 61, has been sentenced to 57 months in prison for his role in a more than $2.8 million tax prep scheme. Between 2013 and 2016, Ungu admitted that Super Professional Tax Services, […]

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