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There was a time when generic accounting, auditing and tax compliance services were perceived to have significant value to owners/operators of mid-sized companies, but the business world has changed and today that perceived value has diminished in a big way. Technology has certainly played a role. So has an economy that, despite tax cuts, continues […]
Six Democratic leaders of committees in the House and Senate have written to Trump administration officials expressing concern that the partial government shutdown will prevent the federal government from paying the cost of Advance Premium Tax Credits to provide health coverage for millions of Americans who rely on Obamacare. In a letter Monday, they noted […]
Companies are closely auditing employee expense report claims, flagging some of the most questionable expenses in the fourth quarter of last year such as strip clubs, dog kennels, jewelry, cigarettes and gambling losses, according to a new report. The report, from AppZen, a provider of expense management technology, found that expense approval averages can differ […]
Some taxpayers may want to look into a unique angle on Roth and IRA contributions, as outlined by PFP Executive Committee member David Desmarais, CPA/PFS: “For married couples with modified adjusted gross income over $203,000, you cannot make direct Roth contributions. However, there are no income limitations on doing a Roth conversion or nondeductible IRA […]
There’s an entirely new industry that’s taking the country by storm, one that’s flush with cash and has both great prospects for growth and a built-in need for an unusual level of tax and accounting services. It should be a natural fit for the accounting profession. There’s just one hitch: It’s illegal. That’s the cannabis […]
HBK CPAs launches firmwide ‘HBK Cares’ program HBK CPAs Consultants, a Top 100 Firm based in Canfield, Ohio, has announced the launch of its philanthropic HBK Cares initiative, providing a cohesive, firm-wide charity program across all of its offices. HBK Cares will see its offices help the local communities in which they serve. Early partner […]
Many accountants devote a significant amount of time to building a pipeline of prospects, but for Ying Sa, clients have always found her, helping her build and shape the accounting firm she founded, Des Moines, Iowa-based Community CPA. The firm’s strategy and values were informed by these clients, local residents who sought out her services […]
We recently merged two accounting practices into our firm this fall. One of the first things we discussed with our new colleagues was how to start communicating with clients when tax season kicks off in January. We discovered that one of the firms still mailed tax organizers to clients in January. While they didn’t really […]
Ryan Hurst and Ruthann Woll (pictured) were admitted to the partnership at RKL, Wyomissing. SEK, York, promoted three staff members to manager: William Souders, who works closely with nonprofit, governmental, and for-profit entities in the Hagerstown office; Daryl Staley in the accounting, consulting and tax services department; and Evan Wabrick in the tax department, who […]
Illinois CPA Society The Illinois CPA Society, Chicago, announced that more than two dozen minority accounting college students have graduated from its 2019 Mary T. Washington Wylie Internship Preparation Program, three days of training that help young professionals prepare for their first real-world experiences in accounting. (Read the full story.) Ostrow Reisin Berk Abrams, Chicago, […]
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