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The coronavirus pandemic hit the National Association of State Boards of Accountancy in toward the end of its fiscal year, but the organization is fully back to its mission, according to its recently released annual report. Like many organizations, in March and April, NASBA found itself having to navigate the new remote-work environment, while also […]
Details: Hancock Askew Co. LLP., a regional firm based in Savanna, Georgia, is expanding to Jacksonville, Florida, by adding S. Mark Hand Associates PA. Financial terms of the deal were not disclosed. Hancock Askew ranked No. 19 on Accounting Today’s 2020 Regional Leaders list of the Top Firms in the Southeast with $19.05 million in […]
The Internal Revenue Service is rolling out new systems and expanding the number of forms that can be electronically filed by tax-exempt organizations, while also dealing with some technology glitches resulting from the COVID-19 pandemic. One of the first steps is a new Enterprise Case Management System that’s initially being piloted at the Tax Exempt […]
The IRS quietly removed last week one of the four options to correct for return errors in the international space. The removed program, the Delinquent Information Submission Procedure, provided an avenue to taxpayers who did not need to use or were not eligible under the Offshore Voluntary Disclosure Program or the Streamlined Filing Compliance Procedures […]
The Accounting Financial Women’s Alliance announced the recipients of its 2020 Women Who Count Awards during the virtual Women Who Count Awards luncheon held during its Women Who Count Conference on Oct. 30. “This year’s recipients demonstrate a drive to take on challenges and strive for success,” AFWA wrote in a statement. “They are leaders […]
President-elect Joe Biden has pledged to repeal President Donald Trump‘s tax cuts as soon as he is inaugurated, but the ongoing financial crisis and the prospect of a Republican-controlled Senate could waylay that proposal for the foreseeable future. Biden will likely soon send a deficit-financed economic recovery bill to Congress, delaying any progress on a […]
Prior to the presidential election, one of the year-end focuses for tax planning was on a possible presidential victory for Joe Biden combined with a Democratic majority in the Senate that might result in tax increases in 2021 for higher-income individuals, corporations, investors, and estates. Biden has now been declared the victor of the presidential […]
NASBA appoints board members; Sweeney Conrad promotes 20; and more CPA news.
Accounting Today has launched its annual “Year Ahead” survey, and is calling for CPAs, accountants, tax practitioners and other professionals to share their thoughts on where the accounting profession is headed in 2021. The short survey asks practitioners to share their firm’s plans for the next year in a range of areas, including: Navigating the […]
Employment increased by 638,000 jobs in October, including 1,400 in accounting and bookkeeping, the U.S. Bureau of Labor Statistics reported Friday, and unemployment declined 1 percentage point to 6.9 percent as the economy continues a slow recovery despite the ongoing COVID-19 pandemic. Job gains mostly occurred in the leisure and hospitality, professional and business services, […]
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