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Month: July 2020

M&A roundup: Sikich, BPM and Williams-Keepers expand

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July 24, 2020
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| Tax News And Info

Details: Williams-Keepers LLC, a firm based in Columbia, Missouri, has acquired Mid-Missouri Accounting Services. MMA plans to continue operating at its current office in Mexico, Missouri until around the end of August and relocate to WK’s Columbia office. Financial terms of the deal were not disclosed. Williams-Keepers ranked 22nd on Accounting Today’s Regional Leaders list […]

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Posted in Tax News And Info Tagged irs, tax news

Tax Fraud Blotter: Know when to hold ’em

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July 24, 2020
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| Tax News And Info

Workin’ on the highway; school’s out; paycheck re-route; and other highlights of recent tax cases. Frenchville, Pennsylvania: Preparer Kathy Billotte has pleaded guilty to aiding and assisting in the preparation or filing of a false income tax return. Billotte operated the tax prep business K B Tax Services and falsified annual returns for at least […]

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Posted in Tax News And Info Tagged irs, tax news

Financial satisfaction fell to five-year low amid coronavirus, says AICPA

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July 24, 2020
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| Tax News And Info

The American Institute of CPAs reported Thursday that its Personal Financial Satisfaction Index declined 55 percent in the second quarter of the year, a level not seen since 2015, as the COVID-19 pandemic continued to ravage consumer finances. The Q2 2020 Personal Financial Satisfaction index (PFSi) measures 15.2, an 18.5-point decline from Q1, making it […]

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Posted in Tax News And Info Tagged irs, tax news

BDO merges in ACM

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July 23, 2020
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| Tax News And Info

BDO USA is expanding in Colorado and Wyoming by adding ACM LLP, formerly known as Anton Collins Mitchell LLP, a firm based in Denver. ACM has been a member of the BDO Alliance since 2002, and before that was a part of BDO. The deal is expected to close Aug. 1. “As a BDO Alliance […]

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Posted in Tax News And Info Tagged irs, tax news

State CPA society CEOs call for federal relief for state and local governments amid coronavirus

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July 23, 2020
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Massachusetts Society of CPAs president and CEO Amy Pitter is spearheading a group of 28 state CPA society heads who have sent a letter to congressional leaders asking them to pass legislation to help state and local governments deal with the COVID-19 pandemic. The novel coronavirus pandemic has decimated the budgets of states and local […]

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Posted in Tax News And Info Tagged irs, tax news

Aprio teams with CPAsNET

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July 23, 2020
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| Tax News And Info

Aprio LLP, a Top 50 Firm based in Atlanta, and CPAsNET, a community of accounting and business consulting firms, have formed a strategic partnership. Under a five-year pact, Aprio will give CPAsNET member firms technical guidance, support and access to more than 20 specialty services, including information related to RD tax credits, state and local […]

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Posted in Tax News And Info Tagged irs, tax news

IIA updates Three Lines Model to stress risk management and governance

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July 22, 2020
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The Institute of Internal Auditors has updated its Three Lines of Defense Model to emphasize more active forms of risk management and governance.that go beyond merely defensive moves by the internal audit function. In line with the revised approach, the IIA has shortened the name to the Three Lines Model to de-emphasize the defensive approach. […]

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Posted in Tax News And Info Tagged irs, tax news

IRS Commissioner addresses tax pros on unprecedented tax season

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July 22, 2020
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IRS Commissioner Chuck Rettig expressed his appreciation to tax professionals Tuesday for their cooperation during the extended tax season that was prolonged by the novel coronavirus pandemic and pledged to deliver any future stimulus payments approved by Congress. “I realize you’ve just been through a very challenging tax season, and for many of you, it’s […]

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Posted in Tax News And Info Tagged irs, tax news

In the blogs: Unending battles

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July 22, 2020
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| Tax News And Info

Trusts and taxes; recovering revenues; advising clients who needed more than three extra months; and other highlights from our favorite tax bloggers. Unending battles Taxing Subjects (https://www.drakesoftware.com/blog): A new TIGTA report gives the IRS high marks for the fight against refund fraud and ID-theft refund rip-offs. Now just keep it up inexhaustibly. Bloomberg Tax (https://pro.bloombergtax.com/news-insights/): […]

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Posted in Tax News And Info Tagged irs, tax news

AICPA gives Congress recommendations on coronavirus relief legislation

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July 21, 2020
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| Tax News And Info

The American Institute of CPAs offered six policy suggestions for the next phase of federal COVID-19 relief legislation under consideration in Congress. Lawmakers are meeting this week to discuss the fifth round of legislation in response to the coronavirus pandemic. Among the issues under consideration are President Trump’s demand for a payroll tax cut, which […]

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Posted in Tax News And Info Tagged irs, tax news
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