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Accounting firms are beginning to wade into the use of blockchain technology for audits, but with caution as the technology spreads beyond the cryptocurrency space where it’s been used for digital assets like Bitcoin. “I don’t know that blockchain is going to necessarily make things easier for auditors,” said Amy Steele, an audit and assurance […]
Bad news; ’tis the season; injunction schmunction; and other highlights of recent tax cases. Las Vegas: Josiah Ntekume has pleaded guilty to aggravated ID theft, wire fraud, theft of government property and access device fraud relating to a stolen ID tax fraud. Ntekume was involved in a scheme to file false returns using stolen IDs […]
The National Society of Accountants Foundation announced on Wednesday that it is accepting applications for its 2020-21 student scholarships. Scholarships will provide financial assistance to American and Canadian accounting students. Applicants must be currently enrolled in an accounting degree program at an accredited two- or four-year college or university. Applicants will be judged on factors […]
Windes merges in Smith, Linden Basso; UHY Advisors acquires Stewart, Beauvis Whipple; TYS merges with Lefkowitz; and McGuire Sponsel acquires Align Global Consulting.
The International Ethics Standards Board for Accountants has released a set of revisions to the International Code of Ethics for Professional Accountants, making some changes in the independence standards for assurance engagements, other than audit and review engagements. The revisions to Part 4B of the code of ethics fulfill a commitment announced by IESBA in […]
The Internal Revenue Service’s announcement last month delaying a requirement for reporting partners’ share of partnership capital offers some extra time to busy tax practitioners, but the issue still isn’t going away and may lead to some other problems. “The best news we just got about filing season is the IRS delayed for a year […]
Top posts of last year; decades of breaks; parenting credits; and other highlights from our favorite tax bloggers. Plan and superplan Taxbuzz (https://www.taxbuzz.com/blog): Savvy business owners — and the financial professionals who help them — understand that taxes are about more than just preparation, unless your client wants to risk leaving significant money on the […]
While tax professionals are preparing for the January 27 start to the 2020 filing season, they should also be planning their marketing strategy for the year ahead, according to Chuck McCabe, president of Peoples Income Tax and The Income Tax School. “Every year a tax practice will lose some clients, so marketing is vital just […]
The American Institute of CPAs announced on Monday its score release timetables for the Q1 and Q2 2020 CPA Exam sittings. The National Association of State Boards of Accountancy will release scores to exam candidates and state boards based on the timetables given below. The AICPA notes that some boards of accountancy will also require […]
Details: Brown Edwards Co., a Top 100 Firm based in Roanoke, has acquired a majority interest in Covenant Real Estate Services LLC, a real estate title and settlement firm in Salem, Virginia, and separately merged with Gregg Bailey P.C., an accounting firm in Richmond, effective Jan. 1, 2020. Covenant Real Estate Services, founded by Roger […]
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