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Top 100 Firm Anchin announced this week that they have donated $10,000 to food bank City Harvest and its “Skip Lunch Fight Hunger” campaign. The donation, a firm record, qualified Anchin as one of the top 25 teams donating to the campaign. Greg Wank, Anchin’s food beverage practice group leader, presented the check to City […]
Sen. Elizabeth Warren, D-Mass., and three other Senate Democrats are asking the Federal Trade Commission for a government review of the private companies that been contracted by the Internal Revenue Service to help collect overdue tax debts. Warren, along with Sen. Cory Booker, D-N.J., Benjamin Cardin, D-Md., and Sherrod Brown, D-Ohio, wrote a letter Monday […]
Tax accountants and tax attorneys have many skills in common, and clients can often choose one or the other for audit representation. In many situations, the combination of both an accountant and a tax attorney can pack a particularly powerful punch. This is particularly so in the typical unagreed income tax audit, which occurs when […]
When accounting firms and other professional services firms submit their monthly bills, there’s often some sticker shock experienced by clients. Billable hours can add up fast, and unfortunately in some cases there is overbilling of clients either due to procedural error or malfeasance. The penalties for overbilling are severe. For example, Barclays recently settled with […]
Lyft, a car ride share company, has integrated seven new expense management software options with its platform so business travelers can use any one of eight different options to manage their Lyft receipts. Joining Concur, which Lyft has been using since 2015, are Expensify, ChromeRiver, Certify, Nexonia, Zoho, Abacus and Xpenditure. Users of these expense […]
TaxJar, which makes tax automation software for online commerce, has released a new sales tax filing engine for all 50 U.S. states. Through AutoFile, users can file sales tax returns and remit sales tax payments due. TaxJar’s software currently integrates with accounting software Xero. To sign up, business users complete a one-time enrollment process. Then […]
With the future rushing at them at a furious pace, accounting firms need to evolve to a new, more modern model, according to well-known industry consultant Darren Root. At a Rootworks Partner Retreat in late June, Root warned attendees that while firms have had to adjust to being “next-generation” practices that balance work and life, […]
Fort Lauderdale, Fla.-based firm Wolcott Associates now offers its aviation tax solution, Flight Tax Systems, to organizations who have multiple aircraft-owner clients, such as CPA and law firms. Flight Tax Systems (FTS) was developed by Wolcott Associates in 2014 for internal use, and the firm provided the tool to clients on a subscription basis. Now […]
Senate Majority Leader Mitch McConnell is taking a risk by calling for a bipartisan health-care plan if the Republican-only bill fails: While his comments may encourage conservatives to fall in line with his approach, party moderates may be emboldened to abandon the GOP legislation, which aimed to combine tax cuts and deep reductions in health […]
K·Coe Isom LLP, a Top 100 Firm based in Loveland, Colo., has expanded into Missouri by adding Baer Co. K·Coe Isom, based in Loveland, Colo., specializes in the food and agriculture industry. The firm ranked 66th on Accounting Today’s 2017 list of the Top 100 Firms. Financial terms of the deal were not disclosed. However, […]
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